Last updated: August 14, 2019
Topic: BusinessManufacturing
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Malaysian Development PlanI.                   IntroductionMalaysia is a fast developing country in the Asian region. Though it has a relatively small economy, it has a variety of rich resources wherein the country leaders must use appropriately to hasten the growth of its economy. The country has well profited from the boost in the agriculture, industry and service sectors.For centuries now, Malaysia and the rest of the Asian countries have been centers of trade. And over the years, Malaysia has undergone a successful transition from being an agriculture based economy towards manufacturing.

And it has helped a lot in creating opportunities in the country. In this paper, I would like to add suggestions that can help in boosting the Malaysian economy.Another aspect that I would like to include in this paper, is an analysis of the political structure and possibly propose actions that can help to strengthen political stability, as it is a very important factor in the success of any country. As the country’s government system is undeniably strong from the inside, recommendations are based on certain areas wherein the system has to be reformed and inclined towards those aspects that seem to be passé and not helpful to the country.And for the third concern, I would like to assess the social services and the basic civil liberties in Malaysia and recommend how these areas can still be further improved. Given that social services lie at the heart of governance, it is integral the policies are made for the benefit of the people.

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Also, the success of any country can be measured based on how successful the leaders have been in rendering social services to the people and how civil liberties are practiced most of the times.II.                Body of PaperEconomyIn the past years, particularly at the end of 2006, the Malaysian economy has expanded by 5.3%. This growth is attributed to the manufacturing and the services sectors. Malaysian economy has been boosted by the upward trend in export-oriented and domestic oriented industries.   However, there was less impressive growth in the agriculture and mining industry due to low production in crude oil.

(Developments in the…).Looking at this point, in order to further increase the growth rate of the Malaysian economy, the agriculture sector must be given priority to boost. Given the rich potential of the Malaysian economy when it comes to natural resources, it can definitely aid the economy’s further growth. It is just a matter of right resource appropriation – how to strategically allocate the resources where they would be best utilized.

In this case, if the country is to focus on the advancement of the agriculture sector, growth is expected to be boosted. Although the facts state that manufacturing is the main source of economic returns for Malaysia, it is still unwise to let other sectors staggering behind. Economy is a not a one-sided playing field, in order to gain the full blast of potentials in a country’s economy, all resources available must be properly utilized.On the other hand, given the success in the trade sector of Malaysian economy, export and import growths have been significantly increasing.

Foreign direct investment inflow has been continually increasing, thus hastening the growth of their economy. (Developments in the…)  Given the success in the Malaysian import-export sector, it will follow that the Malaysian sector could gain more favorable deal from international organizations such as the International Monetary Fund, World Bank and World Trade Organization. Considering the strong base of Malaysian economy, they can bargain for better trading patterns, wherein they can gain more from the relationship. Recognizing the fact that Malaysian economy is fast rising, and is starting to gain economic prosperity over the past years, coherent and strategic policy formulation are factors needed to gain a favorable trading relation with these international organizations.Moreover, the success in the Malaysian economy has resulted in a decline in external debt, which in turn also created efficient and stronger revenue collection and an increase in the international reserves ( Developments in the…) It can be possible that proper dealing with international lending institutions such as the IMF-WB, proper bargaining can be an aid that can help in debt restructuring thus making it easier for the Malaysian government to repay its debts. For example, make deals or contracts that while benefiting the external relationships; it can also render positive fallouts to the government and the state.

Another thing that may help in debt servicing is if the government can generate more revenue and reserves, debt servicing can be given equal priority in such a way that in a little less time than the usual, the country will be able to repay its debt with a little interest and thus lessening the burden of increasing debt year after year.Another possible source of increasing the earnings for the country is to properly utilize the tourists’ spots in the country. Malaysia, as mentioned above is a naturally endowed country, having rich natural resources and tourists spots that can be developed further to increase government revenues. Though there are already well established renowned spots in the country, this sector must be strictly government-handled.

Such that revenues are paid to government and increase the state income rather than the private sector or foreign nationals getting the upper hand. PoliticsThe dominant political party in Malaysia is the United Malays National Organization, where all of the Prime Ministers of Malaysia came from. The extreme concentration of political powers towards a single party has created negative impact on the effectiveness of political participation. The fact that all of the prime ministers came from one party alone, they are able to set out rules that shall prevent the possibility of collaboration in challenging the government. Opposition members are always being put on the guard so that they can monitor whether their opinions will pose a threat to the current political leadership and parties (Heufers).If this practice will be continued, the government’s existing political parties will not improve, nor will they learn from other people’s experiences. Patronizing this kind of system shall only enhance the concentration of power for the existing popularity of the Prime Minister’s political affiliation.

But nonetheless it shall also be detrimental to the development of the country as a whole because the strong political alliance of this nature will only narrow the chances of growth for the government’s political system, thus affecting how policies and reforms are formulated. As a recommendation, this practice shall be terminated.The polarity of political concentration will not serve benefits for the majority, it only limits the extent to which the system can grow.

It also encourages nepotism and corruption in the system, thus making the state vulnerable to social and political unrest. It is therefore necessary to make political changes that can challenge the existence of these political parties. It is useful that the opposition is given the opportunity to speak their ideas on certain issues because it will serve not only as checks and balance, but also as a guide towards fair judgment practices.

 Social ServicesThe Malaysian approach to social services has resulted in improvements and has been helpful in reducing the poverty rate in the country. The education and health sectors have been helpful in generating employment and promoting social equality among the people. It has also made considerable efforts to boost the participation of women and the youth. ·         EducationThe federal ministry of education monitors education in Malaysia. Education is an important component in the formulation of a sound socio-economic policy. The main objectives in the government’s program are (1) to provide education for all Malaysians; (2) to generate a pool of national human resources; (3) to produce sound and well rounded individuals; and (4) to produce a loyal nation (Social Policies).As these goals are vital to the growth of the country, specific actions must be undertaken.

The government must give a first hand towards monitoring the development of academic institutions. They must be fully aware that these institutions not do not only promote quality education, rather, they must also become keen on the nationalist ideas that they impart with the students. They must ensure that such education being rendered will not harness the feeling of inferiority towards their culture as the growing popularity of globalization instills. It must be well explained to the students the worth of their culture and heritage, as such that they do not in the future wish to become nationals of a foreign land.Also vital in the foundation of education is the ability of the government to provide free quality education for all of the citizens, regardless of their status in life and capabilities.

In the process they must also employ standards that shall help in bringing out the best from every student or citizen. For example, hold programs or seminars that will get the people indulged, not only on the academic arena but as well the features of non-academic and vocational aspects of development. ·         HealthcareSince 1957, the health sector of the Malaysian government has concentrated in delivering quality healthcare amongst the Malaysians. In the constitution, it was advocated that the people receive equitable access to healthcare.Nowadays, the budget appropriation for the health sector has increased by 47% compared from the previous years. But nonetheless, the government only subjects 5% of the government social sector budget to healthcare. The private hospitals in Malaysia are commonly situated in urban areas, and have more sophisticated and advanced facilities compared to facilities available in public hospitals (UNICEF data).Taking from this information, if the country wants to provide quality healthcare to the citizens in Malaysia, they must increase the budget appropriation into a level that is more conducive to improve healthcare facilities.

The government must work harder to ensure that public hospitals acquire more facilities to increase their competence against private hospitals. It is also important that they increase the number of public hospitals in the urban areas which are can be as sophisticated as those in the private hospitals. Aside from these, the government must also intensify their campaign for preventive health service, family health, sanitation programs to name a few. And most importantly, they must increase awareness amongst the people.

 III.             ConclusionMalaysian growth and development is attributed on several factors. If the government would want this growth to continue, they must ensure certain developments. One, in the economy, proper appropriation of wealth and resources – physical and human – must be employed. It is necessary that they learn the art of properly modifying the roles of each industry that shall benefit the country.

It is also important that they gain control over their trade relations and ensure that they get the upper hand in any kind of deals that they are undertaking.On politics and government, leaders must attempt to sort out differences, ideologically to prevent clashes and provide harmony in the political arena. It must be given importance to reform some aspects of the political system that are not beneficial to everyone. Nepotism and corruption are two of the major culprits in the downfall of any nation. Therefore, the government must encourage change that may challenge their system and in turn, learn from the blunders that these weaknesses have rendered.On the perspective of the social services, the government must ensure the equitable distribution of such services. Empowerment from the below is a necessary act.

In providing social services to the people, we must take into account the quality of what we provide. It is this light that the call for closing the gap between what the rich can afford, in contrast to what can be made available for the poor. In the provision of social services, the notion of the inferiority of public standards must be swept away. Also, equitable appropriation of the budget and services is also at hand. The quantity and quality, at which these services are provided, are vital in shaping the people and their trust towards the government.Continuous consultations and revisions of policies are vital factors in getting the right blend of policies that will be beneficial for the greater population.

The world is changing fast, therefore the needs of the people change too. It is therefore important that policies must be kept abreast with what the nations calls for, depending on the needs of the people. As such, economy, politics and social services are three important factors needed to keep a country running well.

The quality and the intention on how these services and needs are catered to the public are important factors to consider.       ReferencesDaud, Mohammed. The Ecotourism Development in Malaysia. Retrieved October 9, 2007 from in the Malaysian Economy. Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2006.

Retrieved October 9, 2007 from, Rainer. Politics of Democracy in Malaysia. Retrieved October 9, 2007 fromhttp://www. Policies in Malaysia.

Retrieved October 9, 2007 from UNICEF website for data from 2005