MAJOR_FACTORS_CONTRIBUTINGTO_MALAYSIA’S_ECONOMIC_GROWTH

MAJOR FACTORS CONTRIBUTINGTO MALAYSIA’S ECONOMIC GROWTH CHAPTER 1 INTRODUCTION 1.1 Overview of present Malaysian economic standing Malaysia has achieved impressive growth and has continued its economic transformation since the post crisis period. It is considered one of the fastest growing countries in this region, and is progressing towards becoming a developed country by the year 2020. The country’s net international reserves blew up high, reflecting the more robust economic activity, generally improved economic performance and inflows of foreign direct investment and portfolio investments. Economically, Malaysia is progressing at average 5% growth and is predicted to increase another percent this year. The economic outlook for Malaysia in the immediate term is good, as it is for most of Asia. CHAPTER 2 FINDINGS AND DISCUSSION 2.1 Factors of Malaysia’s economic growth for post crisis period One of the factors contributing to Malaysia’s economic growth in 2004 is strong growth of private sector, where private investment is expected to accelerate this year with a more significant contribution to growth as is expected of private consumption. Another major factor would be high industrial output as an effect of open trade and investment. Malaysia's pursuit of open trade policies and its attractiveness to foreign direct investment (FDI) have led to impressive growth of the country. Political stability, resulting from competent leadership and malaysia, growth, private, economic, investment, sector, country, policy, malaysia’s, trade, open, government, foreign, year, stable, stability, measures, liquidity, factors, expected, direct, sustain, strong, region, public, post, political, period, overall, major, industrial, high, export, crisis, consumption