Malaysia Country Report Essay -- essays research papers fc

As the public prepargons to move into the twenty-first centimeury, many nations ar rapidly developing their agricultural and manufacturing sectors. As these burgeoning industries set out a larger part of the nations economy, the nation finds its existence restructuring and streaming to the areas of growth. Just as the people are trying to get by for their survival, the nation is fighting its way to center stage in the world economy. The development of these countries is tied to the worlds economy, as is evidenced by the uneven development within each of the nations. Malaysias growing business office in the world economy is likewise intertwined with the development of its industrial regions.Malaysias economy is centered on the production of rubber, tone of voice, tin, and petroleum. Almost all of the state of matters production of rubber and palm oil is raised wholly for export. Historically, rubber was the dominant export, but now it is palm oil in terms of square miles us ed to cultivate it. Rubber, like no different major commodity in the world, was subject to dramatic and rapid shifts in sources and derivation of demand (McHale, 9). Thus, Malaysia has been moving away from its complete dependency on rubber for its income, and begun to diversify its economy. The peninsulas forests produce approximately 1,100,000 tons of timber each year, and about two thirds of that is exported. Up to 1965, Malaysia was producing 40% of the worlds tin supply. However, with its quickly diversifying economy, Malaysia no longer depends on tin as a substantial part of its income. Small amounts of other useful minerals house be found all over Malaysia, as it is a by nature abundant land.Its major exports are electronic equipment, machinery, petroleum, palm oil, rubber, timber, and tin. The biggest trading partners are Japan, the United States, and Singapore. Other trading partners include the United Kingdom and Russia. well-nigh two thirds of the land on the peninsula is devoted to the cultivation of rubber, and Malaysia produces more than a third of the worlds rubber. Tin is the second largest export, and has been mined on the peninsula since the 17th century. Since Malaysias exports are mostly raw materials, and raw materials are susceptible to wildly fluctuating market prices, Malaysias economy is advantageously affected by market swings. For example, just a one cent fall in the price of rubber would decre... ...Cal Clark, eds. The Evolving Pacific Basin in the Global Political Economy. United States Lynne Rienner Publishers, Inc., 1992.Cheok, Cheong Kee and Lin Lean Lim. Demographic Impact on Socio-Economic Development The Malaysia Experience. Canberra, Australia The Australian National University, 1982.Drabble, J.H. Rubber in Malaya 1876-1922. Malaysia Oxford University Press, 1973.Jomo, K.S. Growth and geomorphological Change in the Malayan Economy. London The MacMillan Press Ltd., 1990.Lim, David, ed. Further Readings on Malaysian Eco nomic Development. Malaysia Oxford University Press, 1983.Lim, Lin Lean. Population and Development Theory and Empirical Evidence. Malaysia outside(a) Book Service, 1983.Malaysia. Encyclopedia Britannica Macropaedia. 1973.McHale, T.R. Rubber and the Malaysian Economy. Singapore M.P.H. Publications, 1966.Peng, Khor Kok. Recession and the Malaysian Economy. Malaysia Institut Masyarakat, 1983.Schatzl, Ludwig H., ed. Growth and Spatial Equity in West Malaysia. Singapore found of Southeast Asian Studies, 1988.Yee, Lo Sum. The Development Performance of West Malaysia 1955-1967. Malaysia Heinemann Educational Books, 1972.