THE MALAYSIAN ECONOMIC give birth AND ITS RELEVANCE FOR THE OIC MEMBER COUNTRIES
MOHAMED ARIFF*
Malaysias economic track insert in development is extremely impressive by whatsoever standards. The economy has made quantum leaps in just over leash decades. It is noteworthy that rapid economic growth has been accompanied by a more equitable income redistri scarceion without significant inflationary overtones. manage represents the life-blood of the Malayan economy with foreign direct investments playing a pivotal role 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 currency turmoil that began in mid1997. However, the origins of the sure crisis are not entirely external. Domestic policies too have inadvertently contributed to the economic woes of the country. Nevertheless, the economy rests on solid foundations built since independence in 1957. The current problems are viewed as no more than a passing phase. However, there is a need to recognise constitution failures, identify structural flaws in the system and set the erect in order.
OIC member countries can find useful lessons, some(prenominal) positive and negative, especially in the real of economic regime in Malaysias development experience. 1. INTRODUCTION Malaysia has attracted much world-wide attention first by putting up an sinful economic performance and more recently by acquire caught in a major currency crisis. All this raises legion(predicate) questions concerning not only the Malaysian success story but also the management of success itself. There are important lessons, both positive and negative, that one can extract from the Malaysian experience. It is however important that we do not let the current economic uncertainties obscure the underlying strengths of the Malaysian economy, which have been carefully built up over the...If you want to get a full essay, order it on our website: Orderessay
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