Malaysia

All about Malaysia

Malaysia is a highly open, upper-middle income economy. Also Malaysia was one of the 13 countries identified by the Commission on Growth and Development. Kuala Lumpur keeps a stable macroeconomic environment or less than 3% of the rate of inflation and unemployment. In addition, the adequate foreign exchange reserves and smaller debt make similar to the 1997 Asian economic crisis of the possibility of a recession happening again in Malaysia is very small. Even so, faced with such problems as insufficient competition ability and high debt of big corporate vision have a negative impact to the Malaysia economy. Under the new economic policy, during the period of 1971 to the end of the 1971s from a raw material producer is converted to an emerging industrial economy. Malaysia has been a steady economic growth since 1987. Since Malaysia’s economy grew by 8% a year on average than any other Southeast Asian countries. Economic growth mainly depends on manufactured goods and services exports, especially electronic products, and most of the growth of direct investment from the government. Privatization of state-owned assets conduct constantly. The government put forward the “2020” program that basic national industrialization goal. After tern years of economic prosperity, Malaysian experience a recession in 1997 because of ringgit the devaluation of the trigger an economic crisis. As the global economic recession and the decay of information technology, especially large to Malaysia. On the other hand, Malaysia has rich tourism resources, such as sea and beach. From the coast to the mountains, Malaysia has a wealth of ecological tourist destination, such as the famous wonders of sea turtles laying eggs. Malaysia has good travel agency infrastructure and trained human resources. For tourists, weather they stay in the city or adventure to remote areas. Malaysia is a safe country, many advertising to promote sports activities, such as golf, six step travel,...