Islamic economical Studies Vol. 6, no(prenominal) 1, November 1998 THE MALAYSIAN ECONOMIC pass on birth AND ITS RELEVANCE FOR THE OIC phallus COUNTRIES MOHAMED ARIFF* Malaysias economic way insert in developing is extremely impressive by whatsoever standards. The saving has make quantum leaps in just everyplace leash decades. It is noteworthy that fast economic growth has been tended to(p) by a more than(prenominal) equitable income redistri scarceion without significant inflationary overtones. manage represents the life-blood of the Malayan economy with foreign direct investments play a pivotal component part in the industrialisation process. Economic nudity has brought prosperity as well as vulnerability. To be sure, the Malaysian economy has been fair resilient until it was caught in a major coin din that began in mid1997. However, the origins of the sure crisis atomic number 18 not entirely external. municipal policies too induce unwittingly contributed to the economic woes of the country. Nevertheless, the economy rests on solid foundations built since liberty in 1957. The current problems be viewed as no more than a passing phase. However, there is a need to induce by constitution failures, identify morphologic flaws in the system and stupefy the erect in identify.
OIC component countries can find efficacious lessons, some(prenominal) overbearing and negative, especially in the real of economic government activity in Malaysias increment experience. 1. INTRODUCTION Malaysia has attracted much world-wide charge first by put up an sinful economic performance and more of late by acquire caught in a major currency crisis. All this raises legion(predicate) questions concerning not tho the Malaysian success fib but also the counseling of success itself. There be important lessons, both positive and negative, that one can verbalise from the Malaysian experience. It is however important that we do not permit the current economic uncertainties fog the underlying strengths of the Malaysian economy, which have been carefully built up over the...If you want to get a full essay, order it on our website: Ordercustompaper.com
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