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Vol.2 , No. 1, Publication Date: Apr. 18, 2015, Page: 1-19
![](https://www.facebook.com/dialog/feed?app_id=808315475849687&link=http://www.aascit.org/journal/archive2?journalId=918%26paperId=1834&redirect_uri=http://www.aascit.org/journal/archive2?journalId=918%26paperId=1834&display=popup&name=An Analysis on the Changes of Trade Pattern in Malaysia&description=The structural transformation of Malaysia's economy over the last 50 years has been spectacular. Often dubbed the "lucky country" because of its wealth of mineral resources and fertile soils, Malaysia did not rest on its laurels but took decisive steps to progress from an economy dependent on agriculture and primary commodities to a manufacturing based, export driven economy spurred on by high technology, knowledge based and capital intensive industries. However her strong dependency on export especially to the US market much likely will affect her economy by looking at the recent global financial crisis which started there. The mid 1997 economic and financial crisis which hit several countries in the Asia Pacific Region and caused a currency crisis and stock market crash in Malaysia, provided further proof of the strength and resilience of the Malaysian economy. Within two years, helped by selective exchange controls and the pegging of the ringgit, Malaysia bounced back and went on track towards economic recovery.&picture=http://www.aascit.org/aascit/decorators/img/journal/918.jpg)
| [1] | Rahmat Aidil Djubair, School of Business and Management, University College of Technology Sarawak, Sibu, Sarawak. |
| [2] | Razali Shahul Hameed, School of Business and Management, University College of Technology Sarawak, Sibu, Sarawak. |
| [3] | Ahmad Othman, School of Business and Management, University College of Technology Sarawak, Sibu, Sarawak. |
The structural transformation of Malaysia's economy over the last 50 years has been spectacular. Often dubbed the "lucky country" because of its wealth of mineral resources and fertile soils, Malaysia did not rest on its laurels but took decisive steps to progress from an economy dependent on agriculture and primary commodities to a manufacturing based, export driven economy spurred on by high technology, knowledge based and capital intensive industries. However her strong dependency on export especially to the US market much likely will affect her economy by looking at the recent global financial crisis which started there. The mid 1997 economic and financial crisis which hit several countries in the Asia Pacific Region and caused a currency crisis and stock market crash in Malaysia, provided further proof of the strength and resilience of the Malaysian economy. Within two years, helped by selective exchange controls and the pegging of the ringgit, Malaysia bounced back and went on track towards economic recovery.
Keywords
Trade Pattern, Economic Transformation, Industrial Development
Reference
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