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Booming growth fuels Malaysia's economic engine and imports. (agricultural products)
AgExporter
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May 1, 1991|
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COPYRIGHT 1991 U.S. Department of Agriculture. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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Malaysia has joined Thailand as one of the fastest growing economies in Asia. Rebounding from a severe recession in 1985-86, Malaysia registered real GDP growth of 5.3 percent in 1987, 8.7 percent in 1988, 8.5 percent in 1989 and 9.8 percent in 1990. A slight slowdown is expected in 1991, even though Malaysia--a net oil exporter--stands to gain if oil prices rise.
Diversification spurred by direct foreign investment has been the key to Malaysia's growing economy. During the 1980s, the economy experienced a significant structural shift as a thriving export-oriented ...
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