Program : Degree

Course : Malaysian Economy

Code : ECMB313

Credit Hours : 03

Contact Hours : 03

Semester : Semester 1 Academic Year 2012/2013

Subject Synopsis

This course provides the student with an overview of the Malaysian economy - the role of the government and its economic interaction with other countries in the region. Topics such as government economic plans and policies, income distribution and poverty eradication, labour force and labour relations, the financial system and international trade and investment will be covered in this course.

Learning Outcomes

At the end of this course, students are expected to:

1. Critically analyse the Malaysian economy and its components.

2. Apprehend the economic development of the nation thus far.

3. Apprehend fundamental economic analysis provided by the media.

4. Rationally analyse the macro economy environment and the external factors in business decision-makings.

5. Assess, analyze and suggest appropriately methods on economy crisis.

6. Rationally analyse the implication of macro economy environment, current issues and implications of the current policies.

Wednesday, May 29, 2013

Economy policy

The economy of Malaya at Independence was deeply segregated as between ethnic groups: in geographic location, in types of economic activity and in levels of livelihood. As compared with the non-Bumiputera :

i.        Malays form a much higher proportion of population in rural areas than in towns;

ii.      Malays populate the relatively poorer States and occupations to a higher degree;

iii.    Malays form a higher proportion of the workforce in low productivity traditional agriculture and a lower proportion of the workforce in high productivity modern industry and commerce;

iv.     Within given industries and enterprises Malays typically hold lower-echelon position;

v.       Malays have property rights over only about one-third of land under agricultural cultivation;

vi.     Malays have a significantly lower share of ownership, control and management of industrial and commercial enterprise and, as a result, less control of their own economic destiny;

vii.   The average Malay has a much lower standard of living.

These disparities persist today and remain major issues for policy debate and formulation.

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