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Malaysian Economy
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The Malaysian Economy: Booming
The Economy:
Following a period of severe and prolonged recession, the Malaysian economy has returned to growth aided by a relaxation of monetary and fiscal policies and by increased export demand, particularly in the electronics sector. ... However, given the openness of its economy with trade accounting for about 200 percent of GDP, Malaysia was not spared from the negative effects of the United States economic slowdown. ... Manufacturing is now the largest export sector of the economy (contributing around 34% of GDP and employing nearly 28% of the labor force in 2000). ...
The Malaysian exchange rate remained pegged to the US dollar at the rate of RM3.
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Paper Information
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Title: Malaysian Economy
Words: 542
Rating: None
Pages: 2.2
submitted by: Kjhalani
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