Final Assignment - Macro

Final Assignment - Macro - B. BUS (HONS) IN INTERNATIONAL...

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B. BUS (HONS) IN INTERNATIONAL BUSINESS BECON 2103 MACROECONOMICS Name : Mohamed Hassan Rajani, Nabeel Hassanali, Esther Maeda, Sophia Mataro Student ID : AB093982 Semester : 03 Academic Honesty Policy Statement I, hereby attest that contents of this attachment are my own work. Referenced works, articles, art, programs, papers or parts thereof are acknowledged at the end of this paper. This includes data excerpted from CD-ROMs, the Internet, other private networks, and other people’s disk of the computer system. Student’s Signature : _____________________________ LECTURER’S COMMMENTS/GRADE: for office use only DATE : ______________ TIME : ________________ RECEIVER’S NAME : _______ 1 Title : Macroeconomics – End of Semester Assignment Due Date : November 30 th 2007 Lecturer : Ms. Fouzia Amin
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MACROECONOMIC ISSUES AND MALAYSIA’S DRIVE TOWARDS VISION 2020 2
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TABLE OF CONTENTS Page I. LUCT Cover Page 1 II. Title Cover Page 2 III. Table of Contents 3 1.0 The Malaysian Perspective 4 2.0 Macroeconomic Issues in the Development of an Economy 5 2.1 Economic Growth 5 2.2 Inflation 6 2.3 Unemployment 7 2.4 Balance of Payments 7 2.5 The Role of the Government and the Central Bank 8 3.0 Industrialization and Socio-Economic Development – Vision 2020 9 4.0 Role of Human Capital in the Development Process 11 5.0 Role of Education in the Development of Human Capital 15 6.0 LUCT’s Role to Meet the Challenges of a “Growing Malaysia” 16 7.0 Recommendation and Conclusion 20 8.0 References 21 3
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1.0 The Malaysian Perspective Malaysia, in the South East Asian region, is renowned for its enormous Palm Oil and Rubber estates and its attractive vacationing spots around the country. It is also home to the Petronas Twin Towers, the tallest twin towers in the world. Malaysia is one of the most culturally diversified countries in the world. Having made a relatively successful initiative in transforming itself into a knowledge economy (k-based), Malaysia has become one of the economic power houses in the South East Asian region despite being one of the victims of the Asian financial crisis. The crisis of 1997-98 had a profound effect on macroeconomic conditions in Malaysia. Having grown by an annual average of 9.6% in the five years preceding the crisis, the economy contracted by 7.4% in 1998. The shrinkage reflected a sharp retraction in investment spending, weak external demand and a huge drop in household spending. The government reacted with an unorthodox policy mix of pegging the currency against the US dollar, implementing exchange controls and adopting deficit financing to reflate domestic demand. Since the crisis, Malaysia has made good progress in reforming its banking and financial sectors. Local banks have been consolidated, while gradual liberalization has led to increased competition, especially from foreign banks. In recent years, the government has also progressively dismantled the exchange and other controls imposed during the crisis--including abandoning the ringgit
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This note was uploaded on 04/09/2009 for the course MISC Misc taught by Professor Misc during the Spring '07 term at SUNY Plattsburgh.

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Final Assignment - Macro - B. BUS (HONS) IN INTERNATIONAL...

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