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Word Count: 543
Malaysia ABrief History In the first century AD the Malayan peninsula was prominent in intl trade Conquered by the Portuguese in 1511 then the Dutch in 1641 The British who replaced the Dutch in 1795 developed large-scale productions of tin and rubber The Japanese invaded Malaysia during WWII Malaysia was formed after negotiating for independence from the British in September 16 1963 BComparative Advantage Early years up to pre-1980s Natural ResourcesLand -Malaysia has a total land area of 127320 sq mi -abundance of sedimentary rocks such as limestone shale sandstone and conglomerate -Tin ore was Malaysias most important resource pre 1980s -exported raw commodities such as timber rubber tin and palm oil Human Resources Access to Capital -Government invested on more capital goods -Sources of finances were increasing due to the investment on capital domestic saving and foreign investments -In the 1970s the Investment Incentive Act aimed to gain more investments to spend on its programs It also aimed to get more participation from the Malays Initial Success in some industries -Production of raw materials like tin and rubber -Mining Petroleum production Agricultural Sector Forestry and Fishing CRole of Government The head of state is the Yang di-Pertuan Agong paramount ruler The Conference of Rulers is formed by the hereditary rulers and appointed heads of the four other states The Cabinet headed by the Prime Minister exercises executive power The government finds ways to attract foreign investors and is active in the development of industries DCompetitive Advantage In the Second Industrial Master Plan IMP2 palm oil rubber cocoa and timber were identified as primary commodities The Third National Agricultural Policy NAP3 palm oil rubber cocoa and timber have also been identified as the major contributor to agricultural value-added activities Infrastructure Development- in the form of roads ports railways telecommunications electricity and water supply- is crucial for profitable private investment More emphasis has been given to the development of
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