...Unemployment between Malaysia and Singapore [pic] Malaysia |year |Unemployment rate | Percentage change | Date of information | |2005 | 3.00 % | -16.67 % | 2004 estimate | |2006 | 3.60 % | 20.00 % | 2005 estimate | |2007 | 3.50 % | -2.78 % | 2006 estimate | |2008 | 3.20 % | -8.57 % | 2007 estimate | |2009 | 3.30 % | 3.13 % | 2008 estimate | Singapore |year |Unemployment rate | Percentage change | Date of information | |2005 | 3.40 % | -29.17 % | 2004 estimate | |2006 | 3.10 % | -8.82 % | 2005 estimate | |2007 | 3.10 % | 0.00 % | 2006 estimate | |2008 | 2.10 % | -32.26 % | 2007 estimate | |2009 | 2.20 % | 4.76 % | 2008 estimate | ...
Words: 942 - Pages: 4
...1.0 Introduction Unemployment is defined as a situation where an individual of working age is not able to get a job but would like to be in full time employment. Unemployment statistics measure the situation and the level of joblessness within an economy. The unemployment rate is the key measure, which is the number of unemployed workers divided by the total individuals in the labor force. There are five types of unemployment which are Frictional Unemployment, Structural Unemployment, Cyclical Unemployment, Technological Unemployment and Seasonal Unemployment. Frictional unemployment is when an individual moving from one job to another; the unemployment temporarily experienced when looking for one’s new job. A structural unemployment is caused by the location of the job, the individual’s skill or the geographical reason. While a cyclical unemployment is caused by a business cycle recession, when there is lack of aggregate demand for labor. The replacement of workers to machineries or advanced technologies is called technological unemployment. Last but not least, the seasonal unemployment occurs when a particular job is not in demand at certain seasons. Unemployment is a crucial issue for every country in the world, especially those developing countries with a remarkable population. High unemployment rate indicates that labor resources are not being used efficiently. Fortunately, the unemployment rate in Malaysia (3.2%) is not as high as in United State, which is...
Words: 1140 - Pages: 5
...ECONOMIC BACKGROUND OF MALAYSIA Malaysia is a small and open state-oriented and newly industrialized market economy. The code for the Malaysia currency is MYR. The currency of Malaysia is Ringgit Malaysia (RM) and is unofficially identified as the Malaysian dollar. Ringgit comes into notes and coins. A Ringgit can be divided into 100 cents. The currency is denominated into RM1, RM2, RM5, RM10, RM50 and RM100 while the Ringgit is denominate into 5 cents, 10 cents, 20 cents and 50 cents. The currency of Malaysia is currently pegged at RM3.80 to US$1.00. Malaysia centre bank is Bank Negara Malaysia. Malaysia main trading partner is U.S, Japan and Singapore. Through the background economic of Malaysia, the largest deposits of tin in the 1840s led to Malaysia is being responsible for nearly half of the world’s tin output. Started in the early 20th century, the booming of the country’s agricultural sector is being seen that the rubber is replacing tin as Malaysia main export product. Today, Malaysia is one of the largest exporters of semiconductors and electronic goods. The factories devote about 30% Malaysia’s total manufacturing sector output and there are 40 semiconductor companies operating in Malaysia. By the time, the International multi-national companies have set up assembly and testing units in Malaysia. The important reserves of oil and gas are founded. The oil production occurs near Peninsular Malaysia as well as the regions of Sabah in east Malaysia ad Sarawak. Natural...
Words: 4350 - Pages: 18
...PROPERTY AND VIOLENT CRIMES IN MALAYSIA Chor Foon Tang♣ University of Malaya ABSTRACT The main objective of this study is to investigate the effects of macroeconomic evils – unemployment and inflation on different categories of crime rates – property and violent crimes in Malaysia via the multivariate Johansen-Juselius and Granger causality techniques. This study used annual data from 1970 to 2006. Johansen-Juselius cointegration tests revealed that property and violent crimes are cointegrated with unemployment and inflation. Furthermore, the empirical evidence exhibit that unemployment and inflation are the driving factors for crimes in Malaysia. Therefore, supply-side economy may be an ideal choice of policy to reduce crime rates in Malaysia. Keywords: Crime, Inflation, Unemployment, Malaysia 1. INTRODUCTION Recent deliberation on whether “Malaysia is a safe haven for travel and investment?” was frequently asked by the international tourists and foreign investors owing to the increasing trend of crime rates in Malaysia. From the visual inspection in Figure 1, both property and violent crime rates in Malaysia has increased quite significantly between 1970 and 2006. Over a decade from 1970 to 1980, both property and violent crime rates in Malaysia increased more than two folds. The property crime rate increased drastically from 25 thousand cases in 1970 to 66 thousand cases in 1980. In the similar vein, violent crime rates increased from approximately 3...
Words: 6868 - Pages: 28
...transport equipment. The THREE (3) ways on how the economy can reduce imports are as follow: 1) Import Substitution Policy Import substitution policy is a policy that promotes the replacement of foreign imports with domestic production. By implementing this policy, Malaysia attempts to reduce its foreign dependency through the local production of industrialised products until they reach a level of development when they are able to compete in the global market (Wikipedia 2013). According to Lee (2005), this type of industrial policy accompanied by tariff protection, import restrictions and sometimes government procurement favouring locally produced products is targeted at government investments such as Proton (car) and Perwaja (steel). Another long-term solution for import substitution policy is through encouragement of Foreign Direct Investment (FDI) in Malaysia. Malaysia is a politically stable nation with good legal system, well-developed infrastructure, abundance of workforce and has attractive incentives for investors (Chakra 2009). FDI in Malaysia will boost Malaysia’s capital market, enabling Malaysia to acquire up-to-date technology and skills that will grow our domestic industrial market. 2) Exchange Rate Policy Government can affect the domestic output and prices by...
Words: 4206 - Pages: 17
...Page INTRODUCTION 2 Economic growth and living standards in Malaysia. 3 -7 Unemployment in Malaysia 7 - 10 Inflation in Malaysia 10 - 12 Summary 13 References 13 -14 1. Introduction Macroeconomics can be best understood in contrast to microeconomics which considers the decisions made at the level of a specific subgroups or individuals. Macroeconomics considers the behavior of an economy at the aggregate level or how all of these decisions sum together. It looks at the bigger picture and involves the study of the economy as a whole. More specifically, it is a study of national economies and the determination of national income. The study of macroeconomics are focusing on several factors that are: * Real output – determine the reason of the economic growth and their differences between various countries. * Productivity – the average labour productivity. * Economic growth – causes of decline and growth. * Unemployment – types, reason and how to overcome it. * Inflation – Causes, reason of different rate either from time to time and from one country to another. In order to greasing the engine of the economy, government used several policies such as: * Financial or monetary policies to influences supply of...
Words: 3314 - Pages: 14
...Paňales Moderator April 26, 2014 I. Introduction A. MALAYSIA Malaysia’s economic freedom score is 69.6, making its economy the 37th freest in the 2014 Index. Its score is 3.5 points higher than last year, with impressive improvements in seven of the 10 economic freedoms including financial freedom, investment freedom, labor freedom, and business freedom. Malaysia is ranked 9th out of 42 countries in the Asia–Pacific region, and its overall score is above the world and regional averages. Over the 20-year history of the Index, Malaysia’s economic freedom score has declined by 2.3 points. Declines have been recorded in five of the 10 economic freedoms, including property rights, freedom from corruption, and investment freedom. Most notably, freedom from corruption has declined by over 25 points, undermining the rule of law. Over the past two decades, Malaysia’s economy has mostly been rated “moderately free.” Registering one of the 10 best score improvements in the 2014 Index, Malaysia has charted an upward trajectory of economic freedom for the past five years. It has undertaken wide-ranging reforms to address various structural weaknesses and improve competitiveness. Recent reforms have put greater emphasis on improving regulatory efficiency, enhancing regional competitiveness, and modernizing the financial sector. a. BACKGROUND The ethnically and religiously diverse constitutional monarchy of Malaysia has been ruled by the United Malays National Organization since...
Words: 3116 - Pages: 13
...countries and developed countries increase very rapidly. According to the United Nations, majority of the migrants are come from Asia. Malaysia has hosted more than one million of foreign immigrants, mostly from Indonesia, Bangladesh, Thailand, Myanmar and Philippines while Japan is home for immigrants from Vietnam, China and Myanmar. On the other hand, South Africa has many refugees and asylum seekers residing in it. The existence of immigrants would have played a vital role in the economy. They have contributed quite a large portion to the Gross Domestic Product (GDP). We are now going to analyze on the economic condition of Japan which is a developed country, Malaysia as a developing country, and South Africa as an undeveloped country. Analysis on immigrants’ contribution on the economic condition will be done. 2.0 Japan 2.1 Gross Domestic Product (GDP) from 2000 to 2008 Please refer to Attachment 1.0. It is a table of Gross Domestic Product of Japan since 2000 to 2008. The GDP of Japan shows increase since year 2000 to 2007. However, it suddenly declined 2.74% at year 2008. Reasons will be explained in detail in 2.4 Analysis on Data. 2.2 Number of Immigrants, Unemployment and Crime Incidents As shown in Attachment 1.1, during year 2000 to 2007, the numbers of immigrants keep increasing. However, the unemployment rates keep decreasing. 2.3 Illegal Immigrants in Japan Japan has a population of 127,433,494 as on July 2007 estimate and the news stated...
Words: 5898 - Pages: 24
...FIN 382 COMPANY ANALYSIS GROUP ASSIGNMENT PREPARED FOR : PUAN NORSALIZA BINTI ABU BAKAR PREPARED BY : KHAIRIL AZMAN BIN RADZALI 2010459076 DHARWIS BIN HASNIM 2010699142 MUHAMMAD FAIDI BIN SAFARRUDIN 2010408132 ELMIRUSHUDA BINTI AMERUDIN 2010248112 FAZLIAH NOOR BINTI MOHD FOUZI 2010834506 GROUP : JBM114 6A DUE DATE : 21st DECEMBER 2012 ECONOMY ANALYSIS 1.0 WORLD ECONOMY The world economy can be evaluated in various ways, depending on the model used, and this valuation can then be represented in various ways. It is inseparable from the geography and ecology of Earth, and is therefore somewhat of a misnomer, since, while definitions and representations of the "world economy" vary widely, they must at a minimum exclude any consideration of resources or value based outside of the Earth. For example, while attempts could be made to calculate the value of currently unexploited mining opportunities in unclaimed territory in Antarctica, the same opportunities on Mars would not be considered a part of the world economy – even if currently exploited in some way – and could be considered of latent value only in the same way as uncreated intellectual property, such as a previously unconceived invention. It is common to limit questions of the world economy exclusively to human economic activity, and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services,...
Words: 9551 - Pages: 39
...INTRODUCTION The objective of this mini project is the study the structure and performance of national economies and the policies that governments use to try to affect economic performance. Important topics in this mini project include the determinants of long-run economic growth, unemployment, inflation, and macroeconomic policy. In addition, this mini project are also able us to know the measurement of the standard living of a country in term of productivity, efficiency and effectiveness. Besides that, we are also able to determine what is measured by Gross Domestic Product, Inflation and etc as well as know how the government policy could contribute to improved productivity of the country. The picture below shows the brief idea how does Indonesia looks like. Picture 1: Tourism in Indonesia’s island Picture 2: Place to travel in Indonesia Picture 3: City in Indonesia Picture 4: Map of Indonesia Choose one country of the world The chosen country was Indonesia. The reason of Indonesia been chosen because Indonesia is given public an image that Indonesia is a lag behind country than other since there was a tragic event happened in Indonesia in the middle of 1997 all along. This causing Indonesian suffered a great deal and many of them have experienced a very large decline in their living standard. It was irony in Indonesia’s case seen a country...
Words: 8104 - Pages: 33
...Principal Statistics of Labour Force, Malaysia, April 2011 Principal Statistics of Labour Force, Malaysia, July 2011 Labour market in Malaysia in July 2011 Indicator July 2011 Labour force (‘000) Employed (‘000) Unemployed (‘000) Outside labour force (‘000) Labour force participation rate, LFPR (%) Unemployment rate (%) … Not applicable r Series 26 Vol.10/2011 September 2011 Previous month June 2011 12,511.3 12,111.2 400.1 7,077.6 63.9 3.2 Change (%) 1.8 2.1 –4.9 –3.1 ... ... Same month of the previous year July r 2010 12,334.5 11,938.3 396.3 6,931.0 64.0 3.2 Change (%) 3.3 3.5 –4.0 –1.1 … ... 12,741.2 12,360.5 380.6 6,855.2 65.0 3.0 Revised LFPR rose to 65.0% in July 2011 In July 2011, labour force participation rate jumped to 65.0 per cent compared to 63.9 per cent in the previous month. This 1.1 percentage point increase is the impact of population growth in the labour m ar ket by 229,900 persons to 12.74 million and a decline in the population outside the labour force by 222,400 persons to 6.86 million. Year on year comparison illustrates that the LFPR rose 1.0 percentage point to 65.0 per cent. Notes: • Labour Force Survey (LFS) is conducted to collect information on the structure and distribution of labour force, employment and unemployment. • The LFS covers both urban and rural areas of all states in Malaysia through the personal interview method. • The survey population is defined to cover persons who live in private living quarters and hence excludes...
Words: 791 - Pages: 4
...AND UNEMPLOYMENT: A STUDY AMONG MALAYSIAN GRADUATES Associate Professor Dr. Noor Azina Ismail Department of Applied Statistics Faculty of Economics and Administration University of Malaya 50603 Kuala Lumpur, Malaysia E-mail: nazina@um.edu.my, Phone: +603 79673638 Abstract The main objective of this paper is to investigate the effects of graduates’ characteristics on the chance of being employed. A total of 3,025 Malaysian graduates involved in the study and data were analyzed using logistic regression analysis. The results show that the employment prospects of graduates with a good command of English and who possess leadership and technical skills are better when compared to those without these skills. These findings suggest that steps should be taken to improve soft skills among graduates. The results also show that Indian and female graduates in this study were found to have less chance of being employed compared to the Malay and Chinese graduates. However, these findings should be interpreted with caution as some of the respondents were not randomly selected, thus suggesting further research towards identifying the relevant factors is required. Keywords: Unemployment, graduates, logistic regression, mismatch, leadership and technical skills, education 1. INTRODUCTION Malaysia‟s economy had been growing at an annual rate of 6.6% for the past three decades; yet unemployment rates have increased from 2.6% in 1996 to 3.6% in 2003 (Department of Statistics, Malaysia, 1996–2003)...
Words: 5397 - Pages: 22
...Introduction Malaysia, an upper-middle income country, is a federal constitutional monarchy which consists of 13 states and 3 federal territories located in Southeast Asia. Besides, Malaysia has a newly industrialised market economy which is relatively open state-oriented. It was ranked 3rd largest economy in Southeast Asia and 29th largest economy in the world by purchasing power parity in year 2007. In recent years, Malaysia has successfully transformed itself from being the world’s largest producer of raw material such as tin and rubber to being a diversified economy to reduce the dependence of exported goods. As a result, Malaysia GDP is now driven mainly by the services and manufacturing sectors (Malaysia Factbook 2014). 2.0 Malaysia Economic Growth Rate Table of Malaysia GDP Growth (Annual %) from year 2003-2012 Year | GDP Growth (Annual %) | 2003 | 6 | 2004 | 7 | 2005 | 5 | 2006 | 6 | 2007 | 6 | 2008 | 5 | 2009 | -2 | 2010 | 7 | 2011 | 5 | 2012 | 6 | Sources: The World Bank Group 2014a Line chart of Malaysia GDP Growth (Annual %) from year 2003-2012 Sources: The World Bank Group 2014a The x-axis of the line chart above represents years from 2003 to 2012 while y-axis represents Malaysia’s GDP Annual Growth Rate. GDP Growth (Annual %) can be defined as annual percentage growth rate of GDP at market prices based on constant local currency (Index Mundi 2014a). According to the line chart, GDP Annual Growth Rate in Malaysia is at average...
Words: 2117 - Pages: 9
...the study of macroeconomics is important in making business decisions. Macroeconomics is the study of the economy as a whole. It is the study of the aggregate demand and aggregate supply which reflect the demand and supply of everybody in the whole country. It examines the activities and trends in economy’s wide phenomena, such as unemployment, inflation, economic growth, money supply, budget deficits, and exchange rates. The knowledge from this study will indicate the ‘health’ condition of economy in the country. As a business owner, the study of the macroeconomics is very important to make everyday business decisions as they have to focus beyond what is happening in the firm and look into aggregate demand and aggregate supply in economy. Managers always need information or knowledge to make decisions. Example is demand theory. If people get low income, they tend to spend less than when they are getting higher income. As the managers are forecasting the demand for their products and services, anticipation of how consumers’ incomes will grow should be learned. To make decisions, business owner should also know about the current interest rates for loans if they are about to borrow money from the financial institution. They should also be aware about where they stand in the business cycle. Cost of labour is another important reason to study of macroeconomic in order to make better decision. For example, during tight labour supply, the price or salary of the labour will shooting...
Words: 4414 - Pages: 18
...2011 GRADUATES’ CHARACTERISTICS AND UNEMPLOYMENT: A STUDY AMONG MALAYSIAN GRADUATES Associate Professor Dr. Noor Azina Ismail Department of Applied Statistics Faculty of Economics and Administration University of Malaya 50603 Kuala Lumpur, Malaysia E-mail: nazina@um.edu.my, Phone: +603 79673638 Abstract The main objective of this paper is to investigate the effects of graduates’ characteristics on the chance of being employed. A total of 3,025 Malaysian graduates involved in the study and data were analyzed using logistic regression analysis. The results show that the employment prospects of graduates with a good command of English and who possess leadership and technical skills are better when compared to those without these skills. These findings suggest that steps should be taken to improve soft skills among graduates. The results also show that Indian and female graduates in this study were found to have less chance of being employed compared to the Malay and Chinese graduates. However, these findings should be interpreted with caution as some of the respondents were not randomly selected, thus suggesting further research towards identifying the relevant factors is required. Keywords: Unemployment, graduates, logistic regression, mismatch, leadership and technical skills, education 1. INTRODUCTION Malaysia‟s economy had been growing at an annual rate of 6.6% for the past three decades; yet unemployment rates have increased from 2.6% in 1996 to 3...
Words: 5397 - Pages: 22
