The Malaysian Economy

Paper Summary:

This paper assesses the recent economic growth in Malaysia. The paper asserts that no other nation in the Southeast Asia area has shown greater economic stability than Malaysia over the past two decades. The country has achieved this stability through a variety of mechanisms; however the strongest is currency control.
Thesis Statement
A Brief Background
The Economic Structure and its Solidity

From the Paper:

"The Malay established the Ringitt as their national currency and through the strict control of it throughout several crisis situations has assured the nation a place in history no other nation in the region can claim. That position is one of national and international economic stability and as claimed and whether right or wrong, the strict control of the currency has been the mainstay of the economic stability. Two decades ago Malaysia began shedding the last shackles of their previous British Colonialism. The nation began to emerge from a plantation, natural resource producing economy into a competitive world of industrial modernization. This has continued at an ever-increasing pace to the point where the Malay is now a regional leader in the Knowledge Economy Age."

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