GROSS DOMESTIC PERCAPITA

INTRODUCTION OF DOMESTIC PRODUCT PER CAPITA

MALAYSIA IS A GROWING AND RELATIVELY OPEN STATE-ORIENTED MARKET ECONOMY

IN 2007,THE ECONOMY OF MALAYSIA WAS THE 29th LARGEST ECONOMY IN THE WORLD BY PURCHSING POWER PARITY WITH GROSS DOMESTIC PRODUCT FOR 2007 WAS ESTIMATED TO BE $357.9 BILLION WITH A GROWTH RATE OF 5% TO 7% SINCE 2007...

THE SOUTHEST ASIAN NATION EXPERIENCED AN ECONOMIC BOOM AND UNDER WENT RAPID DEVELOPMENT DURING THE LATE 20th CENTURY,AND HAS A GDP PER CAPITA OF $14,400 BEING CONSIDERED A NEWLY INDUSTRIZED COUNTRY..

THE INCREASES OF DOMESTIC PRODUCT PER CAPITA
AS ONE OF TRHEE COUNTRIES THAT CONTROL THE STRAIT OF MALACCA,INTERNATIONAL TRADE PLAYS A LARGE ROLE IN THE ECONOMY...IT WAS THE LARGEST PRODUCER OF TIN,RUBBER AND PALM OIL IN THE WORLD...

MANUFACTURING HAS A LARGE INFLUENCE IN THE COUNTRY’s ECONOMI
MAIN INDUSTRIES:-PENINSULAR MALAYSIA:RUBBER AND PALM OIL PROCESSING AND MANUFACTURING,LIGHT MANUFACTURING INDUSTRIES,ELECTRONICS,TIN MINING AND SMELTING...SABAH:PALM OIL FARMING,TOURISM,PETROLEUM PRODUCTION AND LOGGING...

SARAWAK:AGRICULTRE PROCESSING ,PETROLEUM PRODUCTION AND REFNING LOGGING... THE CRISIS OF DOMESTIC PRODUCT PER CAPITA

BEFORE THE CRISIS,MALAYSIA WAS A POPULAR INVESMENT DESTINATION.THIS WAS REFLECTED IN KLSE ACTIVTY WHICH WAS REGULARLY THE MOST ACTIVE EXCHANGE INN THE WORLD..

IN JULY 1997,WITHIN DAYS OF THE THAI BATH DEVALUTION,THE MALAYSIAN RINGGIT WAS “ATTACKED”BY SPECULATORS...

BY END OF 1997,RATING HAD FALLEN NOTCHES FROM INVESTMENT GRADE TO JUNK.THE KLSE...

IN 1990,THE OUTPUT OF THE REAL ECONOMY DECLINED PLUNGING THE COUNTRY INTO ITS FIRST RECESSION FOR MANY YEARS...

GROWTH THEN SETTLED AT SLOWER BUT MORE SUSTAINABLE PACE,THE MASSIVE CURRENT ACCOUNT DEFICIT BECAME A FAILY SUBSTAINTIAL SURPLUS...

SUBSIDIES AND PRICE CONTROLS:-MALAYSIAN GOVERNMENT SUBSIDISES AND CONTROL PRICES ON A LOT ESSENTIAL ITEMS TO KEEP THE PRICE LOW..

SOVEREIGN WEALTH FUNDS:-INVEST IN LOCAL COMPANIES AND ALSO FOREIGN COMPANIES...

:-IT’S OBJECTIVE IS TO HELP SHAPE SELECTED STRATEGICS

INDUSTRIES IN MALAYSIA AND DEVELOPMENT THOSE FOR THE BENEFIT OF MALAYSIA….

FACTORS OF THE CRISIS IN GROSS DOMESTIC PRODUCT PER CAPITA

BECAUSE OF THE CHANGING IN MARKETING AND POLITIC OF THE COUNTRY...

THE INCREASING IN PRICE OF GOODS THAT TOO EXPENSIVE..

THE QUALITY OF THE PRODUCT NOT REACH THE LEVEL..

THE CRISIS IN ECONOMY.
THE CURRENCY OF THE COUNTRY WAS DOWN..

THE PRODUCING OF THE PRODUCT IS TOO SLOW..

FUTURE PREDICTION IN GROSS DOMESTIC PRODUCT PER CAPITA

OUR FUTURE PREDICTION IN GROSS DOEMESTIC PRODUCT PER CAPITA IN MALAYSIA WILL INCREASE BECAUSE OUR COUNTRY RICH IN DOMESTIC PRODUCT ESPECIALLY RUBBER,PALM OIL,AND PETROLEUM…

THE OTHER COUNTRY DEPEND ON OUR DOMESTIC PRODUCT FOR DEVELOP THEIR COUNTRY ESPECIALLY THE ECONOMIC LEVEL...

THE RUBBER IS MAIN PRODUCT TO EXPORT TO OTHER COUNTRY LIKE JERMAN,UNITED STATES,AND etc..

IN THE FUTURE MALAYSIA MUST FOCUS THE DOMESTIC PRODUCT BECAUSE TO INCREASES OUR ECONOMIC LEVEL.BUT ITS ALL DEPENDS ON OUR GOVERNMENT AND SOCIETY,HOW THEY GOING TO OVERCOME AND MAINTAINS OUR DOMESTIC PRODUCTS..

CONCLUSION

THE EXPORT AND IMPORT ARE THE FACTOR THAT VERY IMPORTANT TO THE MALAYSIAN ECONOMIC..

MALAYSIA IS THE GROWTH PRODUCER OF THE DOMESTIC PRODUCT OF PALM OIL,FARMING,PETROLEUM PRODUCTING AND MANY MORE..

GROSS DOMESTIC PRODUCT PER CAPITA IS NOT A MEASUREMENT OF THE STANDARD LIVING IN ANECONOMY..

IT IS OFTEN USED AS SUCH AN INDICATOR ON THE RATIONALE THAT ALL CITIZENWOULD BENEFIT FROM THEIR COUTRY’S ECONOMIC PRODUCT

GDP PER CAPITA IS NOT A MEASUREMENT OF PERSONAL INCOME..

GDP MAY INCREASE WHILE INCOME FOR THE MAJORITY OF COUNTRY’S CITIZENS EVEN DECREASE OR CHANGE DISPROPORTIONALLY..

IN THE US FROM 1990-2006 THE EARNINGS(ADJUSTED FOR IN FLATION)OF INDIVIDUAL WORKERS IN PRIVATE INDUSTRIES AND SERVICES,INCREASED BY LESS THAN 0.5% PER YEAR WHILE GDP(ADJUSTED FOR INFLATION)INCREASED ABOUT 3.6% PER YEAR OVER THE SAME PERIOD