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

Author

Listed:
  • Chinnasamy Agamudai Nambi Malarvizhi

    (Multimedia University)

  • M Chitra

    (Madurai Kamaraj University)

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.

Suggested Citation

  • Chinnasamy Agamudai Nambi Malarvizhi & M Chitra, 2020. "Analysing the Economic Performance and Projecting for Future: The Case of Malaysia," Shanlax International Journal of Economics, Shanlax Journals, vol. 8(3), pages 83-87, June.
    • Handle: RePEc:acg:journl:v:8:y:2020:i:3:p:83-87
    DOI: 10.34293/economics.v8i3.3222
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    References listed on IDEAS

    as
    1. Reunka Mahadevan, 2007. "Sustainable Growth and Economic Development," Books, Edward Elgar Publishing, number 12756.
    2. Paul Cook & Yuichiro Uchida, 2003. "Privatisation and economic growth in developing countries," Journal of Development Studies, Taylor & Francis Journals, vol. 39(6), pages 121-154.
    3. Roshaiza Taha & Sisira R.N. Colombage & Svetlana Maslyuk, 2009. "Financial development and economic growth in Malaysia: Cointegration and Co-feature analysis," Monash Economics Working Papers 31-09, Monash University, Department of Economics.
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