Impact of Ongoing Global Economic Crisis on Malaysias Trade Relations with Its Major Trading Partners
Malaysias quest to become a fully developed nation by 2020 is being facilitated by its globally competitive International Trade Regime (ITR), which has yielded a burgeoning trade worth more than RM One Trillion for a tiny nation of 27 million people in 2010 The impact of ongoing financial crisis across the world is significantly different for each nation and is dependent on its economic and social developments. The first economic crisis that hit Malaysia badly happened in 1997 when its currency (Malaysian Ringget — RM) was attacked by global speculators, and financial gamblers causing abrupt depreciation of its currency. Malaysia protected itself by instituting exchange controls against the policy recommendations of International Monetary Fund (IMF) and pursuing a fixed exchange rate policy; that served Malaysia very well; though this policy was criticized throughout the world by economic pundits. However, it rescued its economy from collapse successfully.
Hamideh Pouresmaeili Anari
Universiti Putra Malaysia
国际会议
2011 Academy for Global Business Advancement(AGBAs)8th World Congress(全球商务发展学会第八届国际会议)
大连
英文
749-749
2011-09-15（万方平台首次上网日期，不代表论文的发表时间）