Vardy, N.A. (2011). Malaysia: The fifth Asian tiger. Eagle Publishing, Inc. Retrieved April 26, http://www.nicholasvardy.com/global-guru/articles/malaysia-the-fifth-asian-tiger/ This article by Nicholas a. Vardy attempts to present a balanced perspective of the value of doing business with Malaysia. Because of its stratospheric rate of growth, Malaysia has been...
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Vardy, N.A. (2011). Malaysia: The fifth Asian tiger. Eagle Publishing, Inc. Retrieved April 26, http://www.nicholasvardy.com/global-guru/articles/malaysia-the-fifth-asian-tiger/ This article by Nicholas a. Vardy attempts to present a balanced perspective of the value of doing business with Malaysia. Because of its stratospheric rate of growth, Malaysia has been called the 'Fifth Asian Tiger.' Unlike the other tigers (such as Japan and China), it is a relatively young country that has rapidly transformed itself into the world's largest Islamic banking and financial center.
Malaysia's heavy industries are its primary engines of economic growth. These include manufacturing electrical goods, appliances, and hard disks. However, Vardy also notes that Malaysia has deployed a different model for economic growth than the other tigers. It has adopted a highly planned economic model, which might make investors wary. On one hand, Malaysia has striven to privatize formerly state-run industries.
On the other hand, Malaysia's economic development is organized according to long-range government plans, such as the Ninth Malaysia Plan designed to increase the value of the agriculture, manufacturing and sectors and the Industrial Master Plan targeting manufacturing improvements and infrastructure. Investors may be leery because of this evidence of government interference in the economy. The Malaysian economy was indeed hard-hit by both the economic crisis that shook the region during the 1990s, as well as the global credit crisis.
Yet its blend of privatization and control seems to be paying off and has resulted in an impressive recovery. Although its stock market's value did plunge and the government was forced to cancel some of its 'pet' projects, Malaysia's economy is still expected to grow at 6% in 2010 and asset prices have returned to pre-1997 crisis heights. Topic 2 Lenhart, Amanda, Kristen Purcell, Aaron Smith, & Kathryn Zickuhr. (2010). Social media and young adults. Pew Research Center.
Retrieved May 1, 2011 at http://www.pewinternet.org/Reports/2010/Social-Media-and-Young-Adults.aspx This Pew report chronicles several notable trends in the use of social media by age. Blogging amongst teens has decreased, and Facebook use is up, suggesting a shift in social media use from blogging to Facebook. Facebook lacks a blogging application. Blogging by over thirty-year-olds increased slightly, from 7% of adults blogging in 2006 to 11% in 2009. Teen rates during the same period dropped from 15% to 14%.
Teens have been extremely slow adopters of Twitter, with only 8% using the micro-blogging application, while adults have embraced it. Overall, nearly three quarters of teens and young adults use social network sites, with Facebook being the preferred application. The report likely has a varied audience -- marketers wish to know what social networks to use to target teens. Media professionals.
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