logo image

Macroeconomic GDP of Malaysia Essay

GAP is expected to grow by 5. 1% for both 2013 and 2014, driven by higher consumer and business spending. As the global recovery gathers speed in 2014, Malaysia’s external sector will increase its contribution to growth, offsetting the impact of tighter fiscal policies on the domestic economy. Malaysia’s recent economic performance and near term outlook owes much to the commodities sector, which includes crude oil, natural gas, rubber and palm oil.

The sustainability of Malaysia’s favorable near- term outlook into 201 5 and beyond hinges on the implementation of structural reforms. Malaysia is one of a few developing countries that successfully converted an abundance of natural resources into long-term sustainable growth. It was able to do this through the following: Sound policy choices ensured revenues from resource extraction were reinvested in the economy in the form of machines and buildings to generate sustained economic Roth.

Reinvesting natural resource revenues into productive non-oil assets, such as infrastructure and education, ensuring that future generations will benefit from resource wealth. The economy has been diversified horizontally, from commodities to non-commodities. Openness to foreign investment and labor helped promote the development of non-resource industries. Malaysia has also diversified vertically, from raw commodities to processed goods.

From oil and gas, Malaysia moved on to alluding refineries and fertilizer plants. The diversification of the economy helped Malaysia avoid volatility from commodity price booms and busts. The exchange rate also remained competitive. The economic growth harnessed from natural resources was shared among Malaysian, raising the average incomes of the bottom 40 percent of rural households by 7. 1 percent a year on average over two decades, while poverty rates plummeted. Macroeconomic GAP of Malaysia By godlessness

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy