Question

In: Economics

1 What is the effect if economic development in Malaysia? Five objective neede? 2 What is...

1 What is the effect if economic development in Malaysia?
Five objective neede?

2 What is the effect if economic development in Malaysia in education, economy , health , employment and culture?

3 What is your expectations about malaysia economy and the way you see it?

Solutions

Expert Solution

1. Malaysian country ranks 35th place in the World Economy. It has well equipped economy with knowledge based industries and digital-based industries. It ranks third place in the economic development among South-Asian countries. Even labor productivity is more concentrated in the country with high massive employment offers. Amidst such development there are some check points to stabilize such sustainable development. We can discuss such check points as a objective needs of economic development. 1) need to monitor the economic development affected by the rivalry countries development 2) need to check the cost of living in the country 3) need to check the business operations 4) Need to check the measures of the country to protect it from the external factors and 5) need to check the standard of living of all set of people in the Malaysian Countries.

2. The quality of production and services will be reduced drastically if the fields of education, economy, health, employment and culture starts to loose its original position. Actually the exports rate of the Malaysian country leads to 36% which all includes the operative activities of developing the all the basic fields. And also the GDP will affect when the business of aqua culture, agriculture leading to highest percentage of share. If all the New Development Policy and New Economic Policy are framed by the economists to develop the rate of the GDP when it face the issues.

3. Agriculture is also considered as the prominent economic indicator to more contribute in the high GDP level. Cash crops like Rubber, Palm Oil and rice are planted in huge quantity in order to increase the rate of exports rate. Actually the cash crops are exported to the China. New Economic policy is the only tool for developing the economy by solving the step by step by cut shorting the issues in all the fields of primary and secondary sectors.


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