The Malaysian economy has seen tremendous growth in recent years as the real gross domestic product (real GDP) grew 7.1 percent and 5.0 percent in 2004 and 2005, respectively. Since 1991, Malaysia has experienced positive growth in all but one year, and the country aims to become to fully developed by 2020 to achieve the “Vision 2020” plan. Strong growth in the electronics and chemical industries has allowed Malaysian exports to increase significantly. The United States is Malaysia’s largest principal trade and investment partner as bilateral trade between the two countries totaled 39.1 billion dollars in 2004. In the future, the Government of Malaysia hopes to move from its current commodity-based economy, which is dominated by rubber and tin, to a knowledge-based economy.
Learn more about Malaysia on globalEDGE Country Insights.
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South Brings Capitalism, Well Isolated, to North Korea
The New York Times, by Norimitsu Onishi (July 18, 2006)
http://www.nytimes.com/2006/07/18/world/asia/18korea.html?_r=1&oref=slogin
South Korea is working to build a special economic zone named Kaesong, just north of the demilitarized zone (DMZ), within North Korea. The Kaesong Industrial Park will employ close to 700,000 North Koreans and house over 2,000 companies when the complex is completed in 2012. It is hoped that the Kaesong development will push North Korea to embrace economic reform and open itself up to the world. (Free registration is required to view this article.)
Sweden's Growth Paradox
The McKinsey Quarterly (July 11, 2006)
http://www.mckinseyquarterly.com/article_abstract_visitor.aspx?ar=1807&L2=7&L3=8&srid=27&gp=0
Sweden’s recent economic growth has been attributed to an increase in the productivity growth of the private sector, which has primarily been driven by deregulation and growing competition. At the same time, however, here are concerns that productivity must also increase in the public sector to prevent it from becoming under severe strain. (Free registration is required to view this article.)
China and EU Can 'Strike Bargain'
BBC News (July 7, 2006)
http://news.bbc.co.uk/2/hi/business/5156816.stm
The trade dispute between China and the European Union (E.U.) appears to have been settled by a “grand bargain.” China will abide by world trade regulations and offer more transparency in its dealings. In exchange, the E.U. will accept the competitive challenges that China brings to the world economy and will try to adapt better to compete.
View more News on globalEDGE.
Globalization and European Growth
The Globalist, by Jason L. Saving (July 12, 2006)
http://www.theglobalist.com/storyid.aspx?StoryId=5455
The economies of the European Union (E.U.) and the United States (U.S.) have altered from one another over the course of the last 25 years. The U.S. experienced growth, while the E.U.’s economy was primarily stagnate. Now, the E.U. has to choose whether to strive for increased liberalization and global competition or to have a more closed economy as many European officials are wondering if globalization will work for them.
Building Brands in China
The McKinsey Quarterly (July 11, 2006)
http://www.mckinseyquarterly.com/category_editor.aspx?L2=16
Complied by The McKinsey Quarterly, this special report addresses various aspects of Chinese consumers. The report addresses the demographic shifts associated with the emerging middle class, the challenges of keeping up with changing Chinese consumers, and the buying power of hard-to-reach consumers with hidden reserves. (Free registration is required to view this article.)
Malaysia Focused on 2020 Vision
BBC News, by Gavin Stamp (June 1, 2006)
http://news.bbc.co.uk/2/hi/business/5020794.stm
In 1991, Prime Minister Dr. Mahathir Mohamad stated his vision of a fully developed Malaysia by 2020. Now fifteen years later, Malaysia has a thriving economy that has experienced positive growth in all but one year since 1991. In addition, several industries are becoming competitive in the global market and the country is becoming a key player in Asia. An improved transportation system has been installed and a growing number of multinational corporations are looking to conduct business in the country.
View more In Depth Look articles on globalEDGE.
A sample of some of our recently added sites:
Malaysia: Malaysian External Trade Development Corporation (MATRADE)
http://www.matrade.gov.my/
The Malaysian External Trade Development Corporation (MATRADE) was formed as the promotion arm of Malaysia's Ministry of International Trade and Industry (MITI). The site provides market research information, a listing of trade events, and support services for both importers and exporters of Malaysian products.
Category: Malaysia
Reference: Trade: Trade Portals
Global Fraud Survey: Fraud Risk in Emerging Markets
http://www.ey.com/global/content.nsf/International/FIDS_-_9th_Global_Fraud_Survey
A global survey published by Ernst & Young addresses a number of topics concerning fraud. Subjects include analyzing fraud risk in developed and emerging markets, understanding of these risks, and how to respond to such risks through internal controls and applications.
Category: IB Topics: Security and Risk Management
World Intellectual Property Organization
http://www.wipo.int/index.html.en
The World Intellectual Property Organization (WIPO) provides useful resources on emerging issues regarding intellectual property (IP), various regulations on trademarks and patents, copyright and related rights, and many others. The site is also available in Arabic, Chinese, Spanish, French and Russian.
Category: Trade: Trade Law
View more recently added sites on globalEDGE.
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