1. Malaysia

2. History A colony of Great Britain during 18 th and 19 th century After Japanese surrender after WWII, rising movement towards independence. Federation of Malay declared independence in 1957 Other British territories joined the Federation and in 1963, became known as Malaysia

3. Facts A federal constitutional elective monarchy Bumiputras (Muslim Malays) consist of 50.4%. Other Bumiputras consist of 11%. Non-Bumiputra group consist mostly of Chinese and Indians. Largest and official state religion is Islam.

4. Economic Development After independence, start of ISI policies. Government planning used to first focus on export goods. Substantial investment also made to promote middle class growth.

5. Malaysian New Economic Policy In response to the May 13 Incident (1969) Social and Economic, as well as an affirmative action plan. Plan to eradicate poverty, move indigenous groups out of agriculture. Focus was to enrich indigenous groups while at the same time, promoting overall economic growth

6. Export Orientated Industrialization Focus on export economy. Free trade zones created to promote exports. Beneficiary of FDI, especially due to rise of Yen, Won, and Taiwanese Dollar. During the 1970s, GDP per capita increase by 358%

7. Continued Diversification New Development Policy to promote diversification of Malaysian economy. During the 2000s, continued rise in resource prices provide more investment for manufacturing.

8. Export shift Focus away from natural resources to other exports.

9. Thoughts for the Future Malaysia is continuing diversification also with resource based commodities. Worries of dependence on few manufactured goods. Worries of brain drain due to affirmative action policy. Lack of strong emphasis on increasing research and development.

10. Work Cited Drabble, John. “The Economic History of Malaysia”. EH.Net Encyclopedia, edited by Robert Whaples. July 31, 2004. URL http://eh.net/encyclopedia/economic-history-of-malaysia/http://eh.net/encyclopedia/economic-history-of-malaysia/ Felipe J., R. Briones, D.H. Brooks, A. Mehta and H. Verspagen (2013), `Asia’s Economic Transformation: Where to, How, and How Fast?´. Special chapter in Key Indicators for Asia and the Pacific 2013, Asian Development Bank (ADB). Aun, Lee H. "Development in Malaysia: Economics and Politics of an Idea." Akademika 64 (2004): 65-81. Jan. 2004. Web. 17 May 2015. Ministry of Education “The Development of Education. National Report of Malaysia. July 2004 http://www.ibe.unesco.org/National_Reports/ICE_2004/malaysia.pdf http://www.ibe.unesco.org/National_Reports/ICE_2004/malaysia.pdf Athukorala, Premachandra, and Jayant Menon. "Foreign Investment and Industrialization in Malaysia: Exports, Employment and Spillovers." Asian Econ J Asian Economic Journal 10.1 (1996): 29-44. Web. 17 May 2015. The World Bank Data. Research and development expenditure (% of GDP) http://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS