Country Risk Analysis For MalaysiaEssay Preview: Country Risk Analysis For MalaysiaReport this essayIntroductionTo establish a business in another country, you need to analyse different aspects of the country such as culture, economy, politics, demographic data, and financial. All this is to be able to learn more about the country and to find out if it is risky or safe enough.
During the late 18th and 19th centuries, Great Britain established colonies and protectorates in the area of current Malaysia; these were occupied by Japan from 1942 to 1945. In 1948, the British ruled territories on the Malay Peninsula formed the Federation of Malaya, which became independent in 1957. Malaysia was formed in 1963 when the former British colonies of Singapore and the East Malaysian states of Sabah and Sarawak on the northern coast of Borneo joined the Federation. In the first several years of the countrys history, many things happened such as the Indonesian efforts to control Malaysia, Philippines claim to Sabah, and Singapores secession from the Federation in 1965.
During the 22 year term of Prime Minister MAHATHIR bin Mohamad (1981-2003), Malaysia was successful in diversifying its economy from dependence on exports of raw materials, to expansion in manufacturing, services, and tourism. Since its independence, Malaysia has known a strong and fast economic growth compared to some other countries in the area. Malaysia has 2 main regions separated by the South China Sea. This Peninsula has a central position in the trades between Asia and the Middle East.
Malaysia has come a long way since gaining independence in 1957: from living standards and access to education and health care to sanitation, infrastructure, and economic diversification, significant strides have been achieved toward an advanced economy status in a relatively short time.
DemographicMalaysia is well known as a country that has achieved industrialization at a faster pace than its neighbors in South East Asia. Although blessed with rich natural resources and primary products, its human resource development policy made a positive impact on Malaysias economic growth.
Its economic policies have a strong focus on human resource development, and believed that workers are valuable human resources for social development. Malaysia has been addressing the issue of human resource development by formulating a medium-term economic plan centered on training policies.
The Government established an economic development plan centered on training policies which are based on the Malaysia Plan (MP), which had been created in order to follow industrialization policies launched by Prime Minister Abdul Ruzak in 1966. It has been handed down from one prime minister to another since the launch of the First Malaysia Plan (MP-1: 1966-1970). During the Second Malaysia Plan (MP-2: 1991-2000), the industrial foundation was firmly established. The manufacturing and service sectors achieved remarkable growth, with the former accounting for 33.4% of GDP and the latter for 52.4% (in 2000).
Thanks to a stable economic growth, the labor market is doing very well with an unemployment rate around 2 to 3.5% since the mid 90s. However, the unemployment rate began to increase in recent years, despite the expanding employment opportunities but it is still at a rather good level.
The population of Malaysia is divided into two main groups, bumiputera and non-bumiputera. The first represents ethnic Malays and other indigenous people, and non-bumiputera represents other ethnic groups including Chinese, Indians, Caucasians and people of other ethnic minority groups. The ethnic diversity is a major aspect to be considered for national projects, education, social and cultural policies. To eradicate poverty and have a fair distribution of wealth among all ethnic groups and social classes, the government introduced in 1971 the famous Bumiputera Policy that favors the bumiputera population. Today, there is a quota across all economic and social spheres, from the number of people to be enrolled at a university, the number of employees to be hired at a company, or the number of people for each job a little like the Americans government does.
BUMIPUTEA TO ALL THE COUNTRIES:
Poverty, poor health, unemployment, etc. are manifestations of the status quo. Since the 1965-6 economic crisis, the Malaysian population have suffered from the status quo. As the country looks to the future, it is important that its people live in harmony with the natural world. This means being able to enjoy the prosperity of our neighbours, particularly China, the USA, India and the Eurozone. The government and the state must ensure that, with respect to the poverty, poor health, unemployment and political instability of our people, there should be a clear national and global trend. If that is not possible, then the government should take a hard look at, develop a local policy of providing education and job opportunities in all three countries and other non-Malays in order to provide economic opportunities. If this does not happen, then the system and society can become more dysfunctional, more prone to the same social problems and so on, and ultimately lead to the same fate. This is a message that the international community should carry. Otherwise we are likely to remain stuck in the status quo or face the same fate. I strongly believe that for the time being, the Malays must live in harmony with the natural sciences, the world and our neighbours – with our fellow humans in no particular order. For that reason, every country and society has different needs for a broad range of people. Some countries, such as Australia (mainly because it is Australia, not Malaysia) have large numbers of refugees seeking other sources of sustenance; others are mainly Muslims fleeing conflict in parts of the Middle East, Central Asia, Central Asia; and many more are in need of economic support. The government also needs to ensure that there is security of resources, including the police, national security apparatus, media, law enforcement and intelligence. And, in order to ensure fair distribution of people, the government uses some measures, such as the fact that it doesn’t give preferential treatment to particular groups to allow for greater diversity. As the Malaysian public sees this, the government also acts to improve social conditions in its own areas of concern, including through various public relations campaigns and a political party or party-wide government-led economic empowerment program. It wants to know, for example, how many people would prefer to live in the Kuala Lumpur neighborhood, or to know which community services would be available to them as compared to other parts of the city. It wants to know, for example, where the family offices would be located; and where employment would be available for all Malaysia families. Those are the real questions that need to be discussed and the responses we have received in the past. Malaysia has three different types of government agencies, both political, and social. Government agencies are tasked with solving various human need and problems. They are also tasked with the promotion and maintenance of the overall development of Malaysia, but with particular attention paid to the problems facing the country. Also the government is responsible for the provision of social services and training of teachers and citizens, although this is also important as the government is responsible for the education of citizens. There is also the management of a number of sectors which, although not necessarily in all cases successful, can improve the whole national economy by enhancing the performance of the economy, particularly in the areas which are of major importance to the country. But there are also other problems that need attention and coordination, some of which
BUMIPUTEA TO ALL THE COUNTRIES:
Poverty, poor health, unemployment, etc. are manifestations of the status quo. Since the 1965-6 economic crisis, the Malaysian population have suffered from the status quo. As the country looks to the future, it is important that its people live in harmony with the natural world. This means being able to enjoy the prosperity of our neighbours, particularly China, the USA, India and the Eurozone. The government and the state must ensure that, with respect to the poverty, poor health, unemployment and political instability of our people, there should be a clear national and global trend. If that is not possible, then the government should take a hard look at, develop a local policy of providing education and job opportunities in all three countries and other non-Malays in order to provide economic opportunities. If this does not happen, then the system and society can become more dysfunctional, more prone to the same social problems and so on, and ultimately lead to the same fate. This is a message that the international community should carry. Otherwise we are likely to remain stuck in the status quo or face the same fate. I strongly believe that for the time being, the Malays must live in harmony with the natural sciences, the world and our neighbours – with our fellow humans in no particular order. For that reason, every country and society has different needs for a broad range of people. Some countries, such as Australia (mainly because it is Australia, not Malaysia) have large numbers of refugees seeking other sources of sustenance; others are mainly Muslims fleeing conflict in parts of the Middle East, Central Asia, Central Asia; and many more are in need of economic support. The government also needs to ensure that there is security of resources, including the police, national security apparatus, media, law enforcement and intelligence. And, in order to ensure fair distribution of people, the government uses some measures, such as the fact that it doesn’t give preferential treatment to particular groups to allow for greater diversity. As the Malaysian public sees this, the government also acts to improve social conditions in its own areas of concern, including through various public relations campaigns and a political party or party-wide government-led economic empowerment program. It wants to know, for example, how many people would prefer to live in the Kuala Lumpur neighborhood, or to know which community services would be available to them as compared to other parts of the city. It wants to know, for example, where the family offices would be located; and where employment would be available for all Malaysia families. Those are the real questions that need to be discussed and the responses we have received in the past. Malaysia has three different types of government agencies, both political, and social. Government agencies are tasked with solving various human need and problems. They are also tasked with the promotion and maintenance of the overall development of Malaysia, but with particular attention paid to the problems facing the country. Also the government is responsible for the provision of social services and training of teachers and citizens, although this is also important as the government is responsible for the education of citizens. There is also the management of a number of sectors which, although not necessarily in all cases successful, can improve the whole national economy by enhancing the performance of the economy, particularly in the areas which are of major importance to the country. But there are also other problems that need attention and coordination, some of which
BUMIPUTEA TO ALL THE COUNTRIES:
Poverty, poor health, unemployment, etc. are manifestations of the status quo. Since the 1965-6 economic crisis, the Malaysian population have suffered from the status quo. As the country looks to the future, it is important that its people live in harmony with the natural world. This means being able to enjoy the prosperity of our neighbours, particularly China, the USA, India and the Eurozone. The government and the state must ensure that, with respect to the poverty, poor health, unemployment and political instability of our people, there should be a clear national and global trend. If that is not possible, then the government should take a hard look at, develop a local policy of providing education and job opportunities in all three countries and other non-Malays in order to provide economic opportunities. If this does not happen, then the system and society can become more dysfunctional, more prone to the same social problems and so on, and ultimately lead to the same fate. This is a message that the international community should carry. Otherwise we are likely to remain stuck in the status quo or face the same fate. I strongly believe that for the time being, the Malays must live in harmony with the natural sciences, the world and our neighbours – with our fellow humans in no particular order. For that reason, every country and society has different needs for a broad range of people. Some countries, such as Australia (mainly because it is Australia, not Malaysia) have large numbers of refugees seeking other sources of sustenance; others are mainly Muslims fleeing conflict in parts of the Middle East, Central Asia, Central Asia; and many more are in need of economic support. The government also needs to ensure that there is security of resources, including the police, national security apparatus, media, law enforcement and intelligence. And, in order to ensure fair distribution of people, the government uses some measures, such as the fact that it doesn’t give preferential treatment to particular groups to allow for greater diversity. As the Malaysian public sees this, the government also acts to improve social conditions in its own areas of concern, including through various public relations campaigns and a political party or party-wide government-led economic empowerment program. It wants to know, for example, how many people would prefer to live in the Kuala Lumpur neighborhood, or to know which community services would be available to them as compared to other parts of the city. It wants to know, for example, where the family offices would be located; and where employment would be available for all Malaysia families. Those are the real questions that need to be discussed and the responses we have received in the past. Malaysia has three different types of government agencies, both political, and social. Government agencies are tasked with solving various human need and problems. They are also tasked with the promotion and maintenance of the overall development of Malaysia, but with particular attention paid to the problems facing the country. Also the government is responsible for the provision of social services and training of teachers and citizens, although this is also important as the government is responsible for the education of citizens. There is also the management of a number of sectors which, although not necessarily in all cases successful, can improve the whole national economy by enhancing the performance of the economy, particularly in the areas which are of major importance to the country. But there are also other problems that need attention and coordination, some of which
The Eighth Malaysia Plan is currently under way. All of the Malaysia Plans stress the importance of human resource development and present measures to address that issue. These plans urge Malaysians to recognize that it is essential to improve human resources to facilitate industrialization and achieve economic growth, and that human resource development is the most important political agenda among national policies. The goal of human resource development stipulated in the Eighth Malaysia Plan is to transform Malaysia into a knowledge-based economy and develop human resources to produce a pool of highly-skilled workers.
Despite relatively stable labor market conditions, the youth unemployment rate has been increasing, as if following the footsteps of developed countries in Europe and the US.
Youth unemployment is due to many reasons. Young people moved from rural areas