Malaysia Country Report Essay -- essays research papers fc

As the world prepares to move into the twenty-first century, many nations are speedyly developing their agricultural and manufacturing sectors. As these burgeoning industries become a larger part of the nations economy, the nation finds its population restructuring and streaming to the areas of growth. Just as the people are trying to compete for their survival, the nation is competitiveness its way to center stage in the world economy. The development of these countries is tied to the worlds economy, as is evidenced by the uneven development inside each of the nations. Malaysias growing role in the world economy is likewise intertwined with the development of its industrial regions.Malaysias economy is centered on the issue of rubber, flavor, tin, and petroleum. Almost all of the countrys production of rubber and do by oil is raised solely for export. Historically, rubber was the dominant export, but now it is palm oil in terms of square miles used to cultivate it. Rubber, like no other major commodity in the world, was subject to dramatic and rapid shifts in sources and derivation of demand (McHale, 9). Thus, Malaysia has been moving away from its complete dependency on rubber for its income, and begun to diversify its economy. The peninsulas forests produce approximately 1,100,000 tons of timber each year, and about two thirds of that is exported. Up to 1965, Malaysia was producing 40% of the worlds tin supply. However, with its quickly diversifying economy, Malaysia no longer depends on tin as a substantial part of its income. Small amounts of other useful minerals can be found all over Malaysia, as it is a naturally abundant land.Its major exports are electronic equipment, machinery, petroleum, palm oil, rubber, timber, and tin. The biggest trading partners are Japan, the United States, and Singapore. Other trading partners include the United Kingdom and Russia. About two thirds of the land on the peninsula is devoted to the cultivation of rubber, an d Malaysia produces more than a third of the worlds rubber. Tin is the second largest export, and has been mined on the peninsula since the 17th century. Since Malaysias exports are in the main raw materials, and raw materials are susceptible to wildly fluctuating market prices, Malaysias economy is easily affected by market swings. For example, just a one cent fall in the price of rubber would decre... ...Cal Clark, eds. The Evolving Pacific Basin in the Global Political Economy. United States Lynne Rienner Publishers, Inc., 1992.Cheok, Cheong Kee and Lin Lean Lim. Demographic disturb on Socio-Economic Development The Malaysia Experience. Canberra, Australia The Australian National University, 1982.Drabble, J.H. Rubber in Malaya 1876-1922. Malaysia Oxford University Press, 1973.Jomo, K.S. reaping and structural Change in the Malaysian Economy. London The MacMillan Press Ltd., 1990.Lim, David, ed. Further Readings on Malaysian Economic Development. Malaysia Oxford University Pre ss, 1983.Lim, Lin Lean. Population and Development Theory and Empirical Evidence. Malaysia International Book Service, 1983.Malaysia. Encyclopedia Britannica Macropaedia. 1973.McHale, T.R. Rubber and the Malaysian Economy. Singapore M.P.H. Publications, 1966.Peng, Khor Kok. Recession and the Malaysian Economy. Malaysia Institut Masyarakat, 1983.Schatzl, Ludwig H., ed. Growth and Spatial Equity in West Malaysia. Singapore Institute of Southeast Asian Studies, 1988.Yee, Lo Sum. The Development Performance of West Malaysia 1955-1967. Malaysia Heinemann Educational Books, 1972.