Analysis of Malaysian Economic Development From 1993 to 2002
Over the past three decades, Malaysia has achieved growth and
structural transformation in its economy. This review examines the
Malaysian economic performance and its policies for the last 10 years
(1993 - 2002). My approach to the review will cover the following:
· What is the role of the government in the economy process?
· What were the forms of government intervention?
· What were the costs and benefits?
· Could the government have used different policy mix?
Based on the approach I will examine and present the conditions that
was faced by Malaysia during the period of review along with the major
developments since then.
AN ANALYSIS OF MALAYSIAN ECONOMIC DEVELOPMENT
FROM 1993 TO 2002
INTRODUCTION
In this paper I will analyse the performance of the Malaysian economy
for the past 10 years between 1993 and 2002. The analysis will be
divided into two eras, pre (1993 to 1996) and post (1997 to 2002)
Asian Financial Crisis. I will also present the economy polices
implemented during the period of review and in the process identify
whether the government's intervention had caused a positive or
negative effect on the growth of the economy. In closing, I will
conclude by commenting on the course of actions taken by the Malaysian
government whether or not it could have been better.
DATA
This study is carried out in the context of the Malaysian economy for
the period between 1993 and 2002. The key economic data was obtained
from various sources; Gross Domestic Product (GDP), National Accounts
from the Central Bank (Bank Negara Malaysia), Asi...
... middle of paper ...
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First, I would like to express a deep and sincere gratitude to my wife, Michelle Dodge, and two children, Langston Whyte and Tennyson Whyte. It has been a long and tedious road finally to complete this paper. They have suffered not having me around because I was spending long hours doing research and writing this thesis. The research and writing process was sometime long and drawn out and at other times fun and engaging. A special thank you also goes out to my major thesis reader Prof. Parsa, who had the right blend of patience and discipline to keep me motivated and inspired, you are a true inspiration sir.
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