Analysing the Economic Performance and Projecting for Future: The Case of Malaysia

  • Chinnasamy Agamudai Nambi Malarvizhi Senior Lecturer, Multimedia University, Cyberjaya, Malaysia
  • M Chitra Assistant Professor, Department of Econometrics, Madurai Kamaraj University, Madurai, India
Keywords: Malaysian Economy, Globalisation, Privatisation, Agricultural Economy, Industrial Economy

Abstract

After Independence, Malaysia had originally started with a focus on diversifying agricultural exports by growing and strengthening its export earnings and income. This approach was pursued as a reliable economic development strategy. However, with the resulting rapid development, the country transited from an agrarian economy to a manufacturing-centric economy.
Considering the diverse trends of Malaysia’s economy due to the globalization and privatization, this study aims to analyze the past trends of the economy and mainly concentrate on the current and future scenario in this country. By following a historical research method and by considering the economic data sets for the period of 2005-2016, this paper finds that the impact of globalization, the impact of enterprise privatization on economic growth, job creation, and on FDI inflow, vary significantly over ten years under consideration.

Published
2020-06-01
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How to Cite
Nambi Malarvizhi, C. A., & Chitra, M. (2020). Analysing the Economic Performance and Projecting for Future: The Case of Malaysia. Shanlax International Journal of Economics, 8(3), 83-87. https://doi.org/10.34293/economics.v8i3.3222
Section
Articles