• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13

Globalisation in Malaysia

Extracts from this document...

Introduction

EC280: International Business Analysis Globalisation in Malaysia Contents: Page: Introduction 1 Malaysia and its economy 1 Globalisation and the challenges Malaysia face 2 Education 3 Corruption 4 Family planning 5 Investing in R&D and ICT 5 Conclusion 6 Bibliography 7 Appendix 1: Map of Malaysia 9 Appendix 2: Table to show Origin of GDP in Malaysia 10 Introduction: This paper is based on the challenges that globalisation presents to Malaysia and assesses how Malaysia is responding to those challenges. Malaysia: Malaysia is located along the southern part of the Southeast Asian peninsula. Countries that neighbour Malaysia include Singapore, Thailand and Indonesia and Philippines (see Appendix 1 for map of Malaysia). The country produces rice, rubber, oil and electronics. The capital, Kuala Lumpur is a centre of international business and boasts one of the world's highest office buildings, the 452 metre high Petronas Twin Towers (Steele, 2000, pg.94). Malaysia's economy has experienced rapid growth since the 1980s, having made the transition from being an agricultural-dependent economy to an industrial-based one. This growth was mostly driven by exports -mainly electronics. Today, Malaysia is one of the biggest exporters of hard drives and memory chips across the world (gov.my). ...read more.

Middle

Education: The demand for education in Malaysia is high, however the standard of it has been criticised for being extremely low and basic, with too much focus on learning and not enough on developing creative and analytical skills. In order for Malaysia to achieve its targeted goal of becoming a fully developed nation by 2020, it needs to create a higher educated and skilled workforce. This can only be done by improving the quality of education. Malaysia needs to change aspects of its curriculum to make it more versatile and innovative, and start focusing more on applying higher technology and developing life and work skills. This will result in a highly-skilled and knowledgeable workforce who possesses IT, creative, critical and analytical skills. These skills can then be used to boost the services sector in Malaysia and sustain high economic growth. Training teachers on how to use new technology and software will ensure higher quality education. Facilities and equipment must be up to date, so teaching is more current and meaningful. Training teachers to use different styles and methods of teaching will help increase the quality of education (unicef.org). Education in Malaysia continues until University (Higher Education). ...read more.

Conclusion

Malaysia's National Broadband Plan target of penetrating broadband into 25% of households by 2006 failed, and so the government has planned to achieve the target by 2010. To reach this goal, incentives such as free first-time installation schemes were set up. Computer vouchers are also given to low-income families to purchase computers (Malaysian Budget 2008). This scheme would appear to be a positive one, although no data has been released yet, as it gives the whole of Malaysia an opportunity to experiment with ICT and develop important skills. Conclusion: Malaysia's economy has strengthened since the 1980s. It has suffered through the 1997 Asian financial crisis but has successfully recovered, and is likely to do so again as the global economy slows down in 2009. To strengthen further and achieve its target of becoming a developed nation by 2020, Malaysia now needs to focus on developing its service sector by investing more in R&D and ICT, and on education to produce the skilled human capital needed in these fields. Malaysia also needs to eradicate corruption in society and promote a peaceful and harmonious country. This will attract more foreign companies to invest in Malaysia and increase FDI and competition amongst other countries. With hard work and innovation, Malaysia can achieve its full potential and reap the benefits of globalisation. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Economy & Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Economy & Economics essays

  1. Split Votes: A Nation Divided on the Marijuana/Drug Legalization Debate

    The alcohol prohibition of the 1920's is the most similar event to the marijuana prohibition of today. Analyzing that era could show what would happen if marijuana was legalized. There is one notable acceptation: alcohol was popular and legal before it was outlawed, unlike marijuana.

  2. China or India? Many companies ask themselves this question. Due to saturated markets, increasing ...

    50% of its sales are in the major cities, where just 8% of the population lives. In terms of labour supply and quality you have to take into account that there is a generation due to the Cultural Revolution that lacks education.

  1. Case Study: The Home Depot

    No one actually knows where internet is heading now and how to uses internet in a really successful way. The most difficult problem Home Depot is coming across is the fact that it is rather difficult to adapt the physical home improvement products to a virtual world.

  2. Chinese economy sets for soft landing in 2005.

    United States and other countries as too low and giving Chinese exporters an unfair advantage. Investors have speculated that the authorities will lift the value of the yuan, partly because doing so would help the country with its big economic problem -- a powerful boom that threatens to turn to a bust.

  1. Economics of European Integration

    These included job losses in the electricity industry itself, and job losses in the coal industry, which lost a lot of business as a result of privatisation. But the benefits were not seen by consumers. A detailed analysis found that all the cost savings were more than offset by increases

  2. Industry sector: coffee exporting

    It is also an initial instrument to create a subsidiary company in a foreign country. It is a method of indirect distribution to foreign markets. Ukrainian customers will be buying our due to several reasons. First of all, number of cafes and stores in the country is constantly increasing while

  1. Citigroup has successfully faced the challenges of the 19th and 20th centuries and has ...

    Societal 14 3.2.1 Terrorism 14 3.2.2 Population growth 14 3.2.3 Changing Societal values 14 3.3 Technological 15 3.3.1 Internet and knowledge based society 15 3.3.2 The nano-world 15 3.4 Political 15 4 Stake Holders' Responses 16 5 Strategies in the face of short comings 18 5.1 Emphasis on Core values

  2. Organizations are starting to realize that the process of change is continuous and traditional ...

    These forces not only bring huge impact to organizations but may also affect the market economy as a whole. Thus, organizations are all scrambling to redefine themselves to stabilize their company from falling. For example, Asian countries like China, Malaysia, Singapore and Hong Kong's economy was badly hit by the contraction of Severe Acute Respiratory Syndrome (SARS).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work