Malaysia Success Stories and Achievements

I believe each country has its one success stories and achievement. This including Malaysia.
Malaysia has been my second home apart from Singapore.

So my fellow Malaysian care to share your country success stories with us.

Article taken from http://www.taipeitimes.com/News/editorials/archives/2007/09/20/2003379625

Malaysian success story provides inspirational lesson for all

When Malaysia gained its independence it was one of the world's poorest nations, but now it is in the top tier of global growth league tables along with Taiwan
By Joseph Stiglitz

Thursday, Sep 20, 2007

Aug. 31 marked the 50th anniversary of Malaysia's Merdeka: independence after more than 400 years of colonialism. Malaysia's peaceful, non-violent struggle may not have received the attention that Mahatma Gandhi's did in India, but what Malaysia has accomplished since then is impressive -- and has much to teach the world, both about economics, and about how to construct a vibrant multiracial, multiethnic, multicultural society.

The numbers themselves say a lot. At independence, Malaysia was one of the poorest countries in the world. Though reliable data are hard to come by, its GDP (in purchasing power parity terms) was comparable to that of Honduras, and Egypt, and some 5 percent below that of Ghana. Now, Malaysia's income is 7.8 times that of Ghana, more than five times that of Honduras, and more than 2.5 times that of Egypt. In the global growth league tables, Malaysia is in the top tier, along with China, Taiwan, South Korea, and Thailand.

Moreover, the benefits of the growth have been shared. Hard-core poverty is set to be eliminated by 2010, with the overall poverty rate falling to 2.8 percent. Malaysia has succeeded in reducing income divides that separated ethnic groups, not by bringing the top down, but by bringing the bottom up.

Part of the country's success in reducing poverty reflects strong job creation. While unemployment is a problem in most of the world, Malaysia has been importing labor. In the 50 years since independence, 7.24 million jobs have been created, an increase of 261 percent, which would be equivalent to the creation of 105 million jobs in the US.

There were many reasons not to have expected Malaysia to be a success. As Malaysia was gaining its independence, the Nobel Prize winning economist Gunnar Myrdal wrote an influential book called Asian Drama, in which he predicted a bleak future for the region.

Malaysia is rich in natural resources. But, with few exceptions, such countries are afflicted with the so-called "natural resource curse": countries with an abundance of resources not only do not do as well as expected, but actually do worse than countries without such benefits. While natural resource wealth should make it easier to create a more egalitarian society, countries with more resources, on average, are marked by greater inequality.

Moreover, Malaysia's multiracial, multi-cultural society made it more vulnerable to civil strife, which has occurred in many other resource-rich countries, as one group tried to seize the wealth for itself. In many cases, minorities work hard to garner the fruits of this wealth for themselves, at the expense of the majority -- Bolivia, a rich country with poor people, comes to mind.

At independence, Malaysia also faced a communist insurgency. The "hearts and minds" of those in the countryside had to be won, and that meant bringing economic benefits and minimizing "collateral" damage to civilians -- an important lesson for the administration of US President George W. Bush in Iraq, if it would only listen to someone outside its closed circle.
And Malaysia had a third strike against it: for all the talk of the "white man's burden," the European powers did little to improve living standards in the countries they ruled. The dramatic decline in India's share of global GDP under Britain's rule, as Britain passed trade laws designed to benefit its textile producers at the expense of those in its colony, is the most visible example.

The colonial powers' divide-and-rule tactics enabled small populations in Europe to rule large numbers outside of Europe, pillaging natural resources while investing little in the physical, human and social capital necessary for an economically successful, democratic self-governing society. It has taken many of the former colonies decades to overcome this legacy.

How, then, does an economist account for Malaysia's success? Economically, Malaysia learned from its neighbors. Too many of the ex-colonies, rejecting their colonial heritage, turned to Russia and communism. Malaysia took different course, looking instead to the highly successful countries of East Asia. It invested in education and technology, pushed a high savings rate, enacted a strong and effective affirmative action program, and adopted sound macroeconomic policies.

Malaysia also recognized that success required an active role for government. It eschewed ideology, following or rejecting outsiders' advice on a pragmatic basis. Most tellingly, during the financial crisis of 1997, it did not adopt IMF policies -- and as a result had the shortest and shallowest downturn of any of the afflicted countries. When it re-emerged, it was not burdened with debt and bankrupt firms like so many of its neighbors.

This success was not only a matter of economics: had Malaysia followed the policies recommended by the IMF, it would have torn apart the social fabric created over the preceding decades.

Malaysia's success should be studied both by those looking for economic prosperity and those seeking to understand how people live together, not just with tolerance, but with respect and working together.

Joseph Stiglitz is a Nobel laureate in economics.

hahahaah really??

Kenapa? Tak percaya?

I don't feel it here in Sabah .. LOL... Joke...

Congratulation Malaysia

You mesti bangga dengan kejayaan Malaysia....

yes, memang bangga.. tapi masalahnya, byk kontroversi ttg parti-parti tu skrg.. harap-harap la x jdi apa-apa.. haiz..

then please undi dengan bijak....

but malaysia r the greatest country ever,no war,no conflict..

Yeah...so any article tentang kejayaan rakya Malaysia post paste the post lah kat sini....

I tak tau sbb tak baca Utusan Malaysia

what u want to know?
syeikh muszphar?
ask ara

Kenapa mesti tanya ara?

Dia sorang jer ker orang Msia, stepson semua bukan orang Msia?

how about anwar ibrahim?

hahahahaaha u love revolution party???

i don't..

Revolution?

Reformasi....?

jap eh cam i paste something

Make sure success stories and achievements tau...jangan plak article kutuk2...I dont want that

REFORMASI REFORMASI

We don't know which side is right, but I'm on that side :)..

Mana zarrelll tak post post pon?

i want to post about angkasawan tu

OK post lah Zarrell....you guys should be proud of him....

Hello Malaysian!

Takde success story ke korang oii!

malas lah nak post..

Alahai! Farah?

Source from http://www.aneki.com/countries_gdp_per_capita.html


Malaysia is among the TOP 100 most richest countries based on HIGHEST GDP per Capita...
(In blue are other South East Asia countries and in green are the countries in the ASIA Continent)

Countries with the Highest GDP per Capita
Rank Country GDP - per capita
1 Luxembourg $ 68,800
2 Equatorial Guinea $ 50,200
3 United Arab Emirates $ 49,700
4 Norway $ 47,800
5 Ireland $ 43,600
6 United States $ 43,500
7 Andorra $ 38,800
8 Iceland $ 38,100
9 Denmark $ 37,000
10 Austria $ 35,500
11 Canada $ 35,200
12 San Marino $ 34,100
13 Switzerland $ 33,600
14 Japan $ 33,100
15 Australia $ 32,900
16 Finland $ 32,800
17 Belgium $ 31,800
18 Netherlands $ 31,700
19 Sweden $ 31,600
20 Germany $ 31,400
21 United Kingdom $ 31,400
22 Singapore $ 30,900
23 France $ 30,100
24 Monaco $ 30,000
25 Italy $ 29,700
26 Qatar $ 29,400
27 Spain $ 27,000
28 Israel $ 26,200
29 New Zealand $ 26,000
30 Brunei $ 25,600
31 Bahrain $ 25,300
32 Liechtenstein $ 25,000
33 Korea, South $ 24,200
34 Greece $ 23,500
35 Slovenia $ 23,400
36 Cyprus $ 22,700
37 Czech Republic $ 21,600
38 Kuwait $ 21,600
39 Bahamas, The $ 21,300
40 Malta $ 20,300
41 Trinidad and Tobago $ 19,700
42 Estonia $ 19,600
43 Portugal $ 19,100
44 Barbados $ 18,200
45 Slovakia $ 17,700
46 Hungary $ 17,300
47 Latvia $ 15,400
48 Lithuania $ 15,100
49 Argentina $ 15,000
50 Oman $ 14,100
51 Poland $ 14,100
52 Saudi Arabia $ 13,800
53 Mauritius $ 13,500
54 Croatia $ 13,200
55 South Africa $ 13,000
56 Chile $ 12,700
57 Libya $ 12,700
58 Malaysia $ 12,700 <<<<<
59 Russia $ 12,100
60 Costa Rica $ 12,000
61 Botswana $ 11,400
62 Antigua and Barbuda $ 10,900
63 Uruguay $ 10,700
64 Mexico $ 10,600
65 Bulgaria $ 10,400
66 Kazakhstan $ 9,100
67 Thailand $ 9,100
68 Iran $ 8,900
69 Turkey $ 8,900
70 Turkmenistan $ 8,900
71 Romania $ 8,800
72 Brazil $ 8,600
73 Tunisia $ 8,600
74 Belize $ 8,400
75 Colombia $ 8,400
76 Macedonia $ 8,200
77 Saint Kitts and Nevis $ 8,200
78 Dominican Republic $ 8,000
79 Panama $ 7,900
80 Belarus $ 7,800
81 Seychelles $ 7,800
82 Algeria $ 7,700
83 China $ 7,600
84 Ukraine $ 7,600
85 Palau $ 7,600
86 Namibia $ 7,400
87 Azerbaijan $ 7,300
88 Gabon $ 7,200
89 Cyprus $ 7,135
90 Suriname $ 7,100
91 Venezuela $ 6,900
92 Peru $ 6,400
93 Fiji $ 6,100
94 Cape Verde $ 6,000
95 Albania $ 5,600
96 Bosnia and Herzegovina $ 5,500
97 Lebanon $ 5,500
98 Swaziland $ 5,500
99 Armenia $ 5,400
100 Nauru $ 5,000

wuhuuuuuuuuuu!
oyeah!!!!!!!!!!