Malaysia Research Paper Example | Topics and Well Written Essays - 500 words

Malaysia - Research Paper Example It is a known fact that Malaysia is considered as an ideal country for manufacturing and other service based operations. Today, Malaysia stands as an export-driven country with a strong economy and holds a potential to excel further in future. Malaysia is the only country with flexible governmental policies which ensure and safeguard the rights and provide opportunities of growth to the multinational businesses. Therefore, we cannot ignore the fact that Malaysia has become widely known for its manufacturing and export services in the region. Government institutions have played a key role in determining the success of international and local businesses within the country due to their commitment in safeguarding and promoting different businesses within the country. Foreign investors in Malaysia can hold up to 100 percent of their equity rights in the manufacturing sector and the projects that allow them to export 80% of their products. However, government has facilitated the foreign investors to now hold 100% of equity rights in all new and existing projects without considering the percentage of their export products (Raman, 2008) Malaysia is known for its young and dedicated workforce on competitive wages in the region. Malaysia is the only country where the human workforce is supported by the government policies due to their commitment and quality of work. The economy of Malaysia is heavily dependent on manufacturing and, oil and gas industry. These industries stand as the backbone of the economy. It has been observed that Malaysian government has played an effective role in industrialization and economic development of the country. Malaysia also stands as one of the ASEAN’s leading exporters of furniture due to the availability of cheap local wood. Malaysian furniture holds a significant place in international market. Malaysia possesses a share of total 37% in US furniture market, 14% in Japanese