Malaysia

Malaysia

Selman Yılmaz (İstanbul University, Turkey) and Cansu Sarkaya İçellioğlu (İstanbul University, Turkey)
DOI: 10.4018/978-1-5225-2939-2.ch018
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Abstract

Malaysia is one of the most challenging countries in the South-East Asia, with an abundance of natural resources and a conspicuously critical geographical position. The study primarily sets sights on exploring the socio-economic structure of Malaysia, and emphasizing its place and importance in the global economy. With the approach employed, many epideictic factors such as demographic and political structure of country, magnitude of economy, prominent sectors, crucial financial indicators, detailed debt structure, investment position, foreign trade operations, relationships with other countries are fastidiously brought to light, and then a variety of immanent policy proposals are suggested. In the aftermath of study, it is clearly discerned that Malaysia numerously boosts the competitiveness of economy by making the most of its own energy resources like petroleum, natural gas and palm oil, while strikingly achieving to allure international capital flows through shrewdest activities conducted in the fields of Islamic banking and Islamic insurance.
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Introduction

Having a wide variety of beneficial collaborations with particularly neighboring countries such as Indonesia, Philippines, Singapore and Thailand, and the other leading Asian countries like China, Japan, Korea, Saudi Arabia, United Arab Emirates and Kuwait, Malaysia attaches a great importance to maintain warm relations with also other countries residing in the continents of America, Australia, and Africa. There exists a substantial Islamic financial market in the country that contains a clear Muslim majority population. Thus, it offers a catbird seat to the country to draw short-term foreign funds from the Muslim countries with fund surplus. On the other hand, the country is shrewdly able to sustain its net exporter position in the energy sector by means of its rich petroleum and gas reserves. Awakening with steady rates of inflation and interest as well as a modest unemployment level, Malaysia now gazes upon to climb to the level of high-income group until 2020.

In the study, the socio-economic structure of Malaysia is inclusively scrutinized. Within the concept of first chapter of this research, the demographic structure of Malaysian population is studiously examined, and respectively the socio-politic structure, production and employment structures, industrial structure, financial structure, and foreign trades structure are sifted through in the following chapters. In the final chapters, Malaysia’s socio-politic, economic, cultural etc. relations with other countries are cleared up, and numerous policy proposals are selectively offered. The effects of a turmoil like 1997 Asian financial crisis, or 2008’s global meltdown, and economic stagnation of 2014 on the Malaysia’s commercial affairs, capital movements, debt structure, and investment position are probed in detail. At the end of the day, this rigorous research has tried to do its best to reveal the actual socio-economic strength of Malaysian economy.

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