Identifying the Global Business Opportunities in Malaysia - Capstone Project Example

When it comes to the ranking of clothing exports, Malaysia is at the same level as Sri Lanka, Morocco, Tunisia, and Poland, which more or less share the same cultures and customs. This being the case, it is important to take note of the fact that the main clothing brands in the market include Adidas, Gucci, Calvin Klein, and Nike, which have swept the fashion industry in the East Asian region, particularly in Malaysia. Due to the growing competition for the clothing brands and the emergence of new global business opportunities, the Malaysian apparel industry is working closely with a number of global business partners in order to identify the most lucrative geographical and economic environment for its clothing brands.

Identifying the Global Business Opportunities (Product / Service and Market)As one of the rising stars of the East Asian region, Malaysia prides itself on being one of the business hubs that deal with various industrial goods. Since the discovery of oil in Malaysia, the business has never been the same again especially considering the fact that the Islamic nation preserves culture while at the same time engaging the global business world in its unique sense of business ingenuity. Indeed, the success of Malaysia is because of the democratization of the business space to involve both international and local brands.

Owing to this level playground, several clothing brands have chipped in the nation to the extent of expanding the trade to the neighbouring countries. With the growing size of the market for the Malaysian fashion industry, the country is now planning to supply the most sophisticated and recent apparel such as Niki tait. Perhaps it is crucial to mention that the primary goods and agriculture drove the Malaysian economy in the 1960s, a strategy that took a sharp turn since the discovery of oil drove the Malaysian economy. Currently, the major booster to the Malaysian economy is the exports market that accounts for over 50% of her total revenues. Over the last decades, the Malaysian economy has tripled with the global trade growth to the tune of US$41.58 billion, mostly due to the growth in the apparel industry that the Malaysian government embraced fully.