|
|
Article: Malaysia: dash for economic growth.
- Article from:
- Contemporary Review
- Article date:
- June 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Contemporary Review Company Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MALAYSIA is one of the Super Seven. Hong Kong, Indonesia, Singapore, South Korea, Taiwan, Thailand and Malaysia are all nations that have transformed themselves in recent years from Third World status by setting international records for economic growth.
Malaysia has stopped being a low-income, low-production-cost developing country, making cheap plastic items. It has, for example, become the world's leading exporter of computer chips and is the third largest producer of semi-conductors after Japan and the US. In 1991, Malaysia was the world's 24th top exporting nation.
Indeed, Malaysia and the other Super Seven challenge the usefulness of the term 'Third ...