Contribution of Tun Dr Mahathir Mohamad in Malaysia Development

An example of the IMF’s ability to promote strong, stable economies is the case of Jordan. In the 1980s the declining oil prices and the related recessions in the Middle Eastern oil exporting countries was disadvantageous to Jordan. In 1989 Jordan had a 30-35 percent unemployment rate and was having a hard time due to their external debt. This led the authorities to request the country’s first arrangement with the IMF. Economic reforms were a part of the agreement between Jordan and the IMF. Jordan agreed to a series of five year reforms financed by the IMF, therefore the government took on huge reforms prioritizing foreign investment and easier trade policies. They were ultimately able to reduce the overall debt payment up to a manageable level. Jordan is currently regarded as a country by which the effectiveness of the IMF assistance is assessed.

We have heard about it and we have probably discussed it. It is not an entirely foreign subject to us, but a tad bit too old for another discourse. Despite that, the answer is as clear as the sky on a hazy day. For the Sarawakians and the Sabahans, chances are the Malaysia Day is of more importance as it’s the day when they are truly independent of the British. However, Merdeka Day might play a much more significant role for the people of the Peninsular Malaysia. After all, it’s the day the word “MERDEKA!” resonated throughout Stadium Merdeka on 31st of August 1957. Nonetheless, the debate remains unsolved. Perhaps the following paragraphs will be able to shed some light on this topic.

Book is enormous knowledge treasure of mankind. From accient, our ancestors had saved the rich understanding of all aspects of social life and the diversified movements of nature life. And so, the book provides us the knowledge of most aspects of life. Thus, when exposing to books, people have the opportunity to interact with the entire cultural treasure of human civilization. Moreover, people have been approached new ideas, new cultures, new people, which helps them be more understanding and sympathy. This is the key leading to connection among human all over the world.

Masyarakat Cina di Malaysia merujuk kepada sekelompok manusia iaitu orang Cina yang mengamalkan budaya yang hampir seragam, termasuk adat resam, pakaian, bahasa, dan kegiatan ekonomi di negara kita. Mereka biasanya berasal dari luar negara yang menjadi warganegara atau penduduk tetap di Malaysia. Kebanyakan daripada mereka adalah pendatang dari China yang tiba di Malaysia sekitar abad ke-15 hingga pertengahan abad ke-20.

Malaysia is a democratic country with excellent economic system. We are one the leading country in economic terms and being an example for the economy system we are using. In Malaysia, we are into mixed economy system. This economy system is the leading type of economic system that is used in most of the countries such as United States. Mixed economy system includes a mixture of capitalism and socialism. It combines private economic freedom, centralized economic planning and government regulation. Government plays major role in economic growth as well as distribution of wealth. For example, our government collects tax and provides subsidies at the same time for the public.

Mahathir as a legendary leader of extraordinary vision, who has single-handedly transformed, modernized, industrialized, and strengthened the national economy. Dr Mahathir Mohammad, the fourth Prime Minister of Malaysia and known as greatest leader in Malaysia. He is a very well-known political leader who served as Prime Minister of Malaysia for 21 year, this cause him become

Irlisuhana, Zulkhairi, Hafizah, and Suhaiza (2011) found the influx of foreign investments into the manufacturing sector was crucial in its transformation from an agricultural based economy to an industrialized based economy. Over many years, Malaysia has adopted two industrialisation policy and two industrialisation strategies which is the two policies are New Economy Policy and National Development Policy while two industrialisation policies were Import Substitution Industrialisation (ISI) strategy and Export-Oriented Industrialisation (EOI) strategy (“Overview of Malaysian Industrialization”,

Malaysia in the 21st century is confident in its economic achievements and aspires to be a leader amongst Asian nations. Since achieving independence in 1957, it has enjoyed substantial success in reducing the rate of poverty, which stood at 3.7 percent in 2007, accelerating growth, which was an impressive 6.5 in 2010, and maintaining a democratic political system. Malaysia ranks among

The International Monetary Fund (IMF) is the world's central organization for international monetary cooperation. It is an organization in which almost all countries in the world work together to promote the common good (IMF 2006). That’s IMF is an international organization that oversees the global financial system by observing exchange rates and balance of payments, as well as offering financial and technical assistance. The primary purpose of IMF is to ensure the stability of the international monetary system in order to sustainable economic growth and rising living standards of the member countries. And IMF also granting short-term loans and promotes free-trade to conserve foreign exchange reserves.

The International Monetary Fund (IMF) and the World Bank have had enormous impact upon the world’s economies since their inception, after World War II. Although each of these organizations has a similar history, their role, objectives and funding are unique. These Washington DC-based organizations have drawn more than their share fair share of criticism as well as praise. Modern nations require thoroughly understand of these organizations. The IMF’s beginnings derived from two tragedies.

The ruling party of Malaysia, Barisan Nasional has been in power since the country’s independence in 1957. This fact has provided Malaysia a high degree of stability and the confidence of foreign investors / businesses.

The International Monetary Fund (IMF) is an international organization created in 1945 to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and to reduce poverty around the world. The IMF is governed and accountable to the 189 countries that make up the global membership of the organization. These goals make up the IMFs formal rules, the informal rules allow more access for powerful countries, such as the United States and Germany, to set their foreign policy goals through the facade of the IMF. The United States and other powerful nations like Germany, operate on a constraint conditionality that allows them to influence countries based upon their Western ideals and practices of democracy.

Malaysia’s GDP Annual Growth Rate since 2000 till present. Notice the sharp contraction after the 2008 Financial Crises.

In terms acceleration of economic growth is based on the measurement of GDP, MALAYSIA HAS recorded a growth of 5.1% last year. Although it is lower than 7.2% in 2010, but it was so roaring in the context of a difficult global economic environment and uncertainty. In contrast, global economic growth has dropped from 5.2% in 2010 to 3.8% in 2011 while the economy of the developed countries like USA, Germany, UK, France and Japan also recorded weak growth of respectively 1.5%, 2.7%, 1.1 %, 1.7% and -0.5% in the same year; far lower than Malaysia's achievements. Following a satisfactory GDP growth was assisted by the Federal government revenue increased by RM13.2 billion in 2011 through increased collection of IRB estimate of RM109.7 billion compared with RM96.5 billion the government has managed to reduce its fiscal deficit to 5.0% compared projection of 5.4%. This means that the GOVERNMENT has successfully steered the nation's economy as well as the control and management of public funds wisely in the past 3 years in a row when managed to bring down the fiscal deficit from 7.0% in 2009 to 5.6% (2010) and 5.0% in the past year in a expanding economy.

Malaysia is a unique country. It is made up of multi-ethnic group who are living in harmony. Conflict among ethnic group is rare and even if conflict occurs, is not to the extent of destroying the country. In fact, it is the diversity that drives the development of the country and makes this country colourful. Malaysia has been recognized by the world as a model for other plural societies. The concept of ‘unity in diversity’ is always insisted by the leaders. The concept is now supported with the ‘1 Malaysia’ concept which is introduced by the current Prime Minister. The Malaysian government is always put efforts to ensure the