Malaysian Economic

Islamic economical Studies Vol. 6, nary(prenominal) 1, November 1998 THE MALAYSIAN ECONOMIC slip by birth AND ITS RELEVANCE FOR THE OIC process COUNTRIES MOHAMED ARIFF* Malaysias economic tail insert in maturement is extremely impressive by whatsoever standards. The deliverance has do quantum leaps in just everyplace leash decades. It is noteworthy that speedy economic growth has been come with by a more than equitable income redistri scarceion without significant inflationary overtones. manage represents the life-blood of the Malayan economy with foreign direct investments acting a pivotal reference in the industrialisation process. Economic nudity has brought prosperity as well as vulnerability. To be sure, the Malaysian economy has been fairly resilient until it was caught in a major cash upheaval that began in mid1997. However, the origins of the sure crisis be not entirely external. home(prenominal) policies too dupe unknowingly contributed to the economic woes of the country. Nevertheless, the economy rests on solid foundations built since license in 1957. The current problems argon viewed as no more than a passing phase. However, at that place is a need to do constitution failures, identify structural flaws in the system and behave the erect in edict.

OIC penis countries can find reusable lessons, some(prenominal) convinced(p) and negative, especially in the real of economic governance in Malaysias teaching experience. 1. INTRODUCTION Malaysia has attracted much world-wide direction first by putt up an sinful economic performance and more lately by acquire caught in a major currency crisis. All this raises legion(predicate) questions concerning not plainly the Malaysian success yarn but also the attention of success itself. There atomic number 18 grand lessons, both positive and negative, that one can ask out from the Malaysian experience. It is however important that we do not let the current economic uncertainties dark-skinned the underlying strengths of the Malaysian economy, which have been carefully built up over the...If you want to get under ones skin a full essay, order it on our website: Ordercustompaper.com

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