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Economic History Of Malaysia
Since its formation in 1963, Malaysia's economic performance has been one of Asia's best. Real gross domestic product (GDP) grew by an average of 6.5% per year from 1957 to 2005. Performance peaked in the early 1980s through the mid-1990s, as the economy experienced sustained rapid growth averaging almost 8% annually. High levels of foreign and domestic private investment played a significant role as the economy diversified and modernised. Once heavily dependent on primary products such as rubber and tin, Malaysia today is an upper middle-income country with a multi-sector economy based on services and manufacturing. Malaysia is one of the world's largest exporters of semiconductor components and devices, electrical goods, solar panels, and information and communication technology ( ICT) products. Early and colonial history The Malay Peninsula and has been a centre for trade for centuries. Various items such as porcelain and spice were actively traded even before Malacca and Sing ...
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GDP Per Capita Development Of Malaysia
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP (also called the Mean Standard of Living). GDP definitions are maintained by a number of national and international economic organizations. The Organisa ...
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Malay States
The monarchies of Malaysia refer to the constitutional monarchy system as practised in Malaysia. The political system of Malaysia is based on the Westminster parliamentary system in combination with features of a federation. Nine of the states of Malaysia are constitutionally headed by traditional Malay rulers, collectively referred to as the Malay states. State constitutions limit eligibility for the thrones to male Malay Muslims of royal descent. Seven are hereditary monarchies based on agnatic primogeniture: Kedah, Kelantan, Johor, Perlis, Pahang, Selangor and Terengganu. In Perak, the throne rotates among three branches of the royal family loosely based on agnatic seniority. One state, Negeri Sembilan, is an elective monarchy; the ruler is elected from male members of the royal family by hereditary chiefs. All rulers, except those of Perlis and of Negeri Sembilan, use the title of ''Sultan''. The ruler of Perlis is styled the ''Raja'', whereas the ruler of Negeri Sembilan is ...
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Kuala Lumpur
, anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , subdivision_type = Country , subdivision_name = , subdivision_type1 = Administrative areas , subdivision_name1 = , established_title = Establishment , established_date = 1857 , established_title2 = City status , established_date2 = 1 February 1972 , established_title3 = Transferred to federal jurisdiction , established_date3 = 1 February 1974 , government_type = Federal administrationwith local government , governing_body = Kuala Lumpur City Hall , leader_title = Mayor , leader_name = Mahadi bin Che Ngah , total_type = Federal territory , area_footnotes = , area_total_km2 = 2 ...
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Article 153
Article often refers to: * Article (grammar), a grammatical element used to indicate definiteness or indefiniteness * Article (publishing), a piece of nonfictional prose that is an independent part of a publication Article may also refer to: Government and law * Article (European Union), articles of treaties of the European Union * Articles of association, the regulations governing a company, used in India, the UK and other countries * Articles of clerkship, the contract accepted to become an articled clerk * Articles of Confederation, the predecessor to the current United States Constitution *Article of Impeachment, a formal document and charge used for impeachment in the United States * Articles of incorporation, for corporations, U.S. equivalent of articles of association * Articles of organization, for limited liability organizations, a U.S. equivalent of articles of association Other uses * Article, an HTML element An HTML element is a type of HTML (HyperText Markup ...
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Malaysian Constitution
The Federal Constitution of Malaysia ( ms, Perlembagaan Persekutuan Malaysia) which was promulgated on 16 September 1963, is the supreme law of Malaysia and contains a total of 183 articles. It is a written legal document which was preceded by two previous documents, the Federation of Malaya Agreement 1948 and the ''Merdeka'' () Constitution of 1957 of the Federation of Malaya (). The Constitution of the Federation of Malaya was used as the basis for the establishment of a new Federation known in both English and Malay as Malaysia, when the Federation of Malaya federated with the self-governing State of Singapore and the Colonies of North Borneo (now Sabah) and Sarawak as the States of Malaya, the State of Singapore, and the Borneo States of Sabah and Sarawak. The new State of Malaysia was established through the amendment 87 out of 181 Articles and 10 out of 13 Schedules of The Constitution pursuant to the Malaysia Agreement 1963 as recommended by the 1961 White Paper on Mer ...
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Reid Commission
The Reid Commission was an independent commission responsible for drafting the Constitution of Malaysia, Constitution of the Federation of Malaya prior to Federation of Malaya, Malayan independence from the United Kingdom of Great Britain and Northern Ireland on 31 August 1957. Constitutional conference A constitutional conference was held in London from 18 January to 6 February 1956 attended by a delegation from the Federation of Malaya, consisting of four representatives of the Conference of Rulers, Malay Rulers, the Chief Minister of the Federation (Tunku Abdul Rahman) and three other ministers, and also by the British High Commissioner in Malaya and his advisers. The conference proposed the appointment of an independent commission to devise a constitution for a fully self-governing and independent Federation of Malaya. This proposal was accepted by Queen Elizabeth II and the Malay rulers. Appointment of Reid Commission members In March 1956, an independent commission to draw u ...
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Overseas Chinese
Overseas Chinese () refers to people of Chinese birth or ethnicity who reside outside Mainland China, Hong Kong, Macau, and Taiwan. As of 2011, there were over 40.3 million overseas Chinese. Terminology () or ''Hoan-kheh'' () in Hokkien, refers to people of Chinese citizenship residing outside of either the PRC or ROC (Taiwan). The government of China realized that the overseas Chinese could be an asset, a source of foreign investment and a bridge to overseas knowledge; thus, it began to recognize the use of the term Huaqiao. Ching-Sue Kuik renders in English as "the Chinese sojourner" and writes that the term is "used to disseminate, reinforce, and perpetuate a monolithic and essentialist Chinese identity" by both the PRC and the ROC. The modern informal internet term () refers to returned overseas Chinese and ''guīqiáo qiáojuàn'' () to their returning relatives. () refers to people of Chinese origin residing outside of China, regardless of citizenship. Another ofte ...
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Bamboo Network
The Bamboo network () or the Chinese Commonwealth () is a term used to conceptualize connections between businesses operated by the Overseas Chinese community in Southeast Asia. The Overseas Chinese business networks constitute the single most dominant private business groups outside of East Asia. It links the Overseas Chinese business community of Southeast Asia, namely Malaysia, Indonesia, Singapore, Thailand, Vietnam, the Philippines, and Myanmar with the economies of Greater China (Mainland China, Hong Kong, Macau, and Taiwan). The Overseas Chinese play a role in Southeast Asia's business sector.Weidenbaum, Hughes (1996), p. 24. Since the turn of the 21st century, postcolonial Southeast Asia has now become an important pillar of the Overseas Chinese economy as the bamboo network represents an important symbol of adumbrating itself as an extended international outpost of China. Structure As Overseas Chinese communities grew and developed in Southeast Asia, Chinese merchants ...
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Four Asian Tigers
The Four Asian Tigers (also known as the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed East Asian economies of Hong Kong, Singapore, South Korea, and Taiwan. Between the early 1960s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year. By the early 21st century, these economies had developed into high-income economies, specializing in areas of competitive advantage. Hong Kong and Singapore have become leading international financial centres, whereas South Korea and Taiwan are leaders in manufacturing electronic components and devices. Large institutions have pushed to have them serve as role models for many developing countries, especially the Tiger Cub Economies of southeast Asia. In 1993, a World Bank report ''The East Asian Miracle'' credited neoliberal policies with the economic boom, including the maintenance of export-oriented policies, low taxes and minimal wel ...
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First Malaysia Plan
The First Malaysia Plan (1966–1970) was an economic development plan implemented by the government of Malaysia. It was the first economic plan for the whole of Malaysia—Sabah and Sarawak included—as opposed to just Malaya, which previous economic plans (such as the Second Malayan Five Year Plan) had confined themselves to. The plan's objectives were to promote the welfare of all citizens, and improve the living conditions in rural areas, particularly among low-income groups.Henderson, John William, Vreeland, Nena, Dana, Glenn B., Hurwitz, Geoffrey B., Just, Peter, Moeller, Philip W. & Shinn, R.S. (1977). ''Area Handbook for Malaysia'', p. 147. American University, Washington D.C., Foreign Area Studies. .Henderson, Vreeland, Dana, Hurwitz, Just, Moeller & Shinn, p. 293. Implementation The plan attempted to increase access to medical facilities in rural areas through the formation of the Rural Health Service. District hospital facilities were upgraded to handle referrals f ...
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