An analysis of the Malaysian construction industry before and after the economic downturn of 1997.
Written in 2002; 1,184 words; 5 sources; APA; $ 40.95
Paper Summary:
This paper examines how the Malaysian economy was doing very well with industrial growth graphs that were on the higher end of the trend and how the GDP was increasing positively, but then the sudden economic downturn caused a sudden plunge in the growth of the industries. It looks at how the construction industry, however, survived the down trend and has now started showing trends of growth and amazing future prospects, giving a lot of hope to investors and reviving consumer confidence. It shows how the construction industry is very important in the economic growth of the country due to the amount of industry linked to it.
From the Paper:
"Due to the economic crisis, the industry suffered tremendously. This is because as the economy had a set back the blooming construction industry had a sudden fall and a major drop in the ever-highflying growth graph. Suddenly everything was stagnated in the construction industry and no new work was done. There were a lot of projects that were delayed due to this economic downfall. The industry had excess capacity, but not enough work for production, which caused a gap bringing the growth of the industry down. The government made several efforts to evoke the construction industry. However, the industry responded positively to the economic revival in the year 1999 as there was a GDP growth of 5.8 % and the output of the construction industry had fallen only by 5.6%."
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