The Strategic issues that the Malaysian government are pursuing to further their economic dynamism.

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The Strategic issues that the Malaysian government are pursuing to further their economic dynamism

1 Introduction

The global environment is experiencing unprecedented events that had widespread implications to the world's economic situation. Despite this challenging environment, Malaysia has managed to avoid the major economic downturn. Bank Negara's report shows that growth rate for 2001 remained in positive at 0.4%, unemployment rate was contained below 4% and inflation rate was low at 1.4%.

In relation to that, strategies imposed will be very important to sustain the economic growth in the country. In the next section we will look into the strategies which the government is pursuing to further strengthen their position in the region.

2 Strategies

The government takes planning for national development very seriously, thus plans are important to set out the course for the nation to take in its development. The section below discusses the strategic issues that the Malaysian government is pursuing to further the country's economic dynamism.

2.1 Monetary Policy

In 2001, the government has introduced the monetary measures to stimulate domestic demand to mitigate the effects of the global economic slowdown. The monetary condition in the country has remained