Malaysia Country Report Essay

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.

Major imports include petroleum, coal, apparel, and gas. Major exports include automobiles, electronics, plastic, iron, and steel.

* Products that are commonly imported in the United States are oil, cars, and clothes. These products are very important to humanity.

As well as importing goods, Australia also exports massive amounts of iron ore, coal and gold. Australia exports $54.4 billion AUD worth of iron to other countries. This report will discuss; locations of trade and how Australia’s location affects trade, statistical facts about Australia’s imports and exports with Asia-Pacific countries, commencement of trade and the Asia-Pacific

The biggest import for the U.S is industrial machinery and equipment, of which nearly half is crude oil. In addition to this are imports of fuel oil ($46 billion), petroleum products ($50 billion) and natural gas ($9 billion). Other large industrial imports are iron and steel products ($30 billion), chemicals ($25 billion), fertilizers ($16 billion). There are also many other miscellaneous imports.

The economy is fairly broad-broad based and dedicated mainly to supplying the needs of the large and rapidly increasing population. However, proximity to the United States also provides a large market for the export of manufactured

As you can see in the table above this is what our top 3 imports from America are. We import a lot more machine type things, we don’t

A wide variety of products cross the port, such as, soybean, crumb, sugar, salt, frozen goods, petrol derived products and alcohol. The three most exported products include, 41 per cent of

(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

With foreign manufacturing industry entering Singapore market the manufacturing sector and its share in GDP grew from 16.6% in 1965 to nearly 30 % in 1980 and in 1993 manufacturing contributed to about 28 % of the total GDP and accounted for nearly 28% of employment. Singapore’s GDP raise to 13 times between 1960 and 1999. The nation has shown greatly decrease of figure of poverty. (United Nations 2000)

The Republic of Singapore celebrated its 42 years of independence in year 2007. Situated at the southern tip of Malaysia, Singapore currently holds a population of 4.68 million as of June 2007. At 704.0km2, it is ranked 4th in the world for its population density. During the past four decades, the economy as measured by real Gross Domestic Product (GDP), multiplied by over 20 times (Ghesquiere, 2007, p.11). As a small and extremely open economy, Singapore long term survival is very much dependent on the ability to maintain its viable position and remain afloat in the sea of global competition (Mun Heng et al, 1998, p.14).

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.

GDP is known as measurement to calculate economic well-being of citizens. Since the last decade, Malaysia economic growth has showed a slow momentum which is contributed to low private investment and caused average about 25 % of GDP is fell down.

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.