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Essay / Research Paper Abstract
A 5 page paper discussing the view that over-dependence on Western markets can be blamed for Malaysia’s economic downturn of early 2002. The paper argues that while Western markets are important to Malaysia, a significant percentage of its total exports are made to neighboring ASEAN nations. After a short period of growth following the end of the Asian currency crisis that originated in Malaysia, it is more likely lack of reform that is responsible for current economic difficulty. Bibliography lists 10 sources.
Page Count:
5 pages (~225 words per page)
File: CC6_KSmalayEcon.rtf
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Unformatted sample text from the term paper:
continuing globalization of business and the current economic downturn being experienced in many of the worlds most developed economies, a concurrent downturn in Malaysias economy appears to be directly linked
with Western economic fortunes. The purpose here is to evaluate the statement, "An over dependence on the western markets is the cause of
the current economic downturn in Malaysia." The short answer is that while current economic conditions in Western markets are not helping Malaysias own economic conditions, neither are they directly
or fully responsible for Malaysias current economic downturn. Rather, much of Malaysias own economic history of the past five years can be said to carry greater responsibility for current
conditions. Influence of Western Markets The popular view of developing Asian nations seeking to establish
and maintain export economies is that they and their people are rudely exploited by and for the benefit of Western consumers hungry for goods and devoted to excessive consumerism.
While many of the goods produced in Malaysia - or in any Asian nation - and intended for export do find their way to Western markets, Malaysia has not turned
its back on its Asian neighbors. Seven countries of the world receive 68 percent of Malaysias total exports. These represent Malaysias primary
trading partners, and only two of the seven - the US and the Netherlands - are Western nations. The US receives 21 percent of this 68 percent of total;
the Netherlands receives four percent (Malaysia). The other five primary trading partners are Asian, and nearly all are members of ASEAN, the regional Association of Southeast Asian Nations trade
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