youthful exports total approximately $97.9 billion (TIME)
Labor force: 9.7 trillion (out of 22 million population)
Manufacturing exports now 90& of merchandise exports (matrade online 2004 1).
high-tech exports 59% of manufactured export totals.
Readily available employees: "thither werea.more hirings in the last quarter of 2003argongistering a 20% cast up from the preceding quarter" (Hamid 2004 1).
Manufacturing sector continues to be aggressive in hiring.
Stable employment market and growth predicted for 2004.
"Domestic workforce is benefiting from the move by multi-national corporations' decisions to choose Malaysia as the location for high-end assist industries" (Hamid 2004 1).
Outsourcing is increasing employment.
mainland China accused of dumping products in Malaysia. Nation's manufacturers are countering by targeting Asian niche markets in order to keep off direct price competition with dumped electronic goods. Companies are producing non-competitive products in larger quantities and reducing manufacturing of goods which are far cheaper when coming from China (TVs and cell phones, for example).
"Malaysia, one of the region's fastest-growing economies" (Prystay 2003 78).
Current government "will continueaVision 2020- a plan that calls for 7% real GDP growth a years fo
r the undermentioned 17 years with the goal of making Malaysia a to the full developed economy by 2020" (Jayasamkaram 2003 15).
The new government is pass down on corruption and bid rigging. The new Malaysian Prime Minister has shelved "a controversial 14.5 ringgit ($3.8 billion) railway projectaand some(prenominal) other large and controversial infrastructure contract awards" (Lopez 2003 12).
As mentioned above, there are questionable railway contracts now existence examined and even cancelled by the new government.
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