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The Federation of Malaysia: Country Profile - Case Study Example

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"The Federation of Malaysia: Country Profile" paper focuses on Malaysia, or else the Federation of Malaysia, that is divided into two main parts – peninsular Malaysia and East Malaysia. On the other hand, many small islands also belong to the country…
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The Federation of Malaysia: Country Profile
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Download file to see previous pages The currency of the country is the Ringgit Malaysia (RM) and its capital is Kuala Lumpur. It should also be mentioned that the time zone applied in the country is that of Greenwich Mean Time (GMT) – GMT + 8 hours. One of the main characteristics of Malaysia is its ethnic diversity. Because of the existence of millions of immigrants, in Malaysia, there are many languages used in daily activities. In this context, the following four languages are spoken in Malaysia (Fedex. 2007): Malay, English, Chinese, and Tamil. An issue that should be noticed is the fact that ethnic Malays ‘constitute just over half of the population’ (Oxford Business Group, 2007). Because of the existence of many different ethnic minorities in Malaysia, the country is characterized by extensive cultural and ethical diversity. This fact can be positive for foreigners that wish to activate commercially in Malaysia. The structure of the society and the economy favor the foreign investments in the country while the legal and commercial frameworks related to the commercial activity have been adapted in order to serve this perspective.

The government of Malaysia is based on a dynamic political scheme in which the most powerful person is considered to be the Prime Minister – despite the fact that the regime of the country is a monarchy. The rest of the country’s political authorities are categorized as follows: There is the Upper House of the Parliament (also called Senate) which is composed of Senators (Foreign and Commonwealth Office, 2007). The country is also divided into thirteen states each of which has a particular Assembly which is somehow ‘autonomous’ towards the central government has a Minister and a Government. In this way, all the regions of the country are appropriately governed having the power to introduce and apply its own regulations within its territory.

The structure of authorities (as described above) and the plans for development applied especially the last 5 years in the country has promoted its role as a powerful financial center of South East Asia.   ...Download file to see next pagesRead More
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