Justification Of Agreement Research Paper

There is no doubt that increasing in international trade is supporting the economic growth across the world, raising incomes and creating jobs. However, international trade can also some create economic obstacles, such as the international context and the market policy and regulations of each country, and consequently it can be said that the effects would have positive and negative sides, and it is useful to mention all of them and to take them into consideration.

There is a divide between Western Malaysia and Eastern Malaysia. The primary exports to Western countries come from finished goods out of Western Malaysia, whereas in Eastern Malaysia (Sarawak and Sabah) they primarily export raw materials to the Eastern world.

Malaysia is a country of democracy, a multiparty system. The ruling party Barisan Nasional has been in power for over 25 years. That fact has provided the country with a high degree of stability, which is an important factor for companies investing in the country. Corruption exists in the country. This may be an obstacle for foreign companies, as it increases the company's costs and could cause problems. Transparency International takes 47th Malaysia out of 180 countries in its Corruption Perception

The theory of absolute cost advantage explains how trade helps increase the total output in the two countries. But it fails to explain whether trade will exist if any of the two countries produces both of goods at lower cost. In fact, this was the deficiency of this theory, which led David Ricardo to formulate the theory of comparative cost advantage (Haberler, 1950).

Agreed. I like your point of view on religion. You stated some individuals don't get a chance to form an opinion of their own regarding religion due cultural influence/ life experiences. This is true but not all individuals are born and raised with any knowledge or thought about religion and usually later in life form their own opinions then decide whether or not they believe.

(Benton 2010) Mr. Patton, the situation in Malaysia is not looking good. “In 1997 Malaysia was hit by the Asian financial crisis.” One of the most effected areas was the manufacturing sector. “In order to rescue some of the largest state-owned companies, the government has imposed several strict trade barriers on certain goods. Included under law in these protected goods are the steel billets, the raw material for use in the downstream steel industry.” The government has also put into effect

The country can maximize their wealth by putting the resources in the most competitive industries. Government created comparative advantage rather than free trade because now easier moves the production processes and the machines into countries that can produce more goods (Yeager & Tuereck, 1984). However, many countries now move to new trade theory suggests the ability firms to limit the number of competitors associated with economic scale (reduction of costs with a large scale of output) (Krugman, 1992). The comparative advantage occurs when two-way trade in identical products, it will useful where economic scale is important, but it will create problem with this model. As a result, government must intervene in international trade for protection to domestic firms (Krugman, 1990)

1. Mr Nazery Khalid Senior Fellow/Centre Head, Centre for Maritime Economics & Industries Maritime Institute of Malaysia (MIMA) nazery@mima.gov.my 2. Ms Margaret Ang Researcher, Centre for Maritime Economics & Industries Maritime Institute of Malaysia (MIMA) margaretang@mima.gov.my 3. Mr Khamarudin Mansor Managing Director Kay Marine Sdn Bhd khamarudin@kaymarine.com.my 4. Ir Hisham Haron General Manager, Marine Repair Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) hisham@mmhe.com.my 5. Mr Mohd Fairul Sany Senior Sales Executive Jotun (Malaysia) Sdn Bhd faizul.sany@jotun.com.my 6. Oh Kean Shen Managing Director Pen Marine Sdn Bhd ksoh@pc.jaring.my 7. Mr Norulhadi Md Shariff Chief Executive Officer Global Maritime

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

Malaysia is one of the great international success stories of the past generation. Back then, Malaysia lagged behind Haiti in per capita income but since then it has grown an average of 7 percent annually and would rank third in per capita wealth in the Western Hemisphere. In any standard, the growth is very outstanding. Moreover, Malaysia had evolved from an agrarian economy since its independence in 1957 into an industrial one envied by many other developing nations. Vision 2020 was launched by Dr. Mahathir

The Trans-Pacific Strategic Economic Partnership Agreement is multi-national trade agreement among Brunei, Chile, New Zealand, and Singapore. It seeks to manage trade, promote growth, and regionally integrate the economies of the Asia-Pacific region.

According to Australia’s trade with East Asia (2010), the information stated that the major exports to Malaysia is crude petroleum, copper coal and aluminum. Crude petroleum has the highest exports, which is A$495 million. Copper exports A$467 million, while coal exports A$260, lastly aluminium exports A$226 million. Australia’s trade with East Asia (2010) stated that the major imports from Malaysia is crude petroleum, monitors, projectors and TV’s, computers and telecom equipment and parts. Crude petroleum has the highest imports, which is A$3,7,31 million. Monitors, projectors and TV’s import are A$893 million while computers import is A$839. Lastly telecom equipment and parts import is A$271 million. The cost of imports and exports stated in Australia’s trade with East Asia (2010), includes A$379 million of confidential items such as sugar and also tax or tariff

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

Continuous rapid economic growth has raised Malaysia from an agricultural and commodity-based low-income economy to a successful middle-income economy. As a mixed economy, Malaysia has elements of a free market economy nevertheless with intervention government. Malaysia's economic activity consist of a mixture of sectors whereas mixed of capitalism and socialism The strong economic performance has helped improve the quality of life for Malaysians and supported advances in education, health, infrastructure, housing and public amenities and others.

At present, world economics is growing extremely fast which results in the increasing demand for talents all over the world. Education is one of the most important issues faced by many countries around the world. Malaysia’s government has noticed that improving education industry is necessary in order to strong the country.