This is my final message about this topic, Australia-Malaysia comparison, unless you want that we enhance it toward any particular direction, about their economies, of course.
Below you will find some links where you can find some economic macro indicators about both economies. In my opinion, that information, combined with those graphs that I already posted from Gapminder, show accurate pictures of them. We have seen in former messages that, from an economic perspective, there are much more similarities between both countries that we might expect before we analyse information. Both are in the same bloc, we could call it an extended ASEAN. As seen before, main difference is that Malaysian economic structure is much more Asian, more focuss on manufacturing than Australia. Main advantages of Malaysia are not in current economy strictu sensu, but on what prof. Paul Krugman described as the "geographical hubs" as we saw in the first thread of this topic. Quote from an OECD report (1): "While Australia has a competition-friendly regulatory framework, geographical segmentation in the electricity, transport and water management sectors limits productivity advances in network industries and the economy more generally.". More and more, energy will be the key issue of any economy if it is not already today, Australia in into disadvantage due to its geography, while exactly the opposite happens in Malaysia. Also from that report (1) "the organisation of the Early Childhood Education and Care (ECEC) sector is fragmented and the sector is under- funded. Provision of services is insufficient, of unequal quality and relatively expensive.". This is a Western problem rather than an Australian problem only. Somehow, Australia shares anglo-saxon scheme of education what is its main second disadvantage for its future. More "Asian" scheme might, and probably will be, in place at some point in the future. Maybe with conflicts, maybe not, I do not know. On the possitive side, Australia is more "developed" nowdays. Also, its economic structure is more stable (this could be seen as a disadvantage as well regarding the changes that they both have to face). A a very quick conclusion or opinion, I would say that in the very short term (10 years or shorter) if one finds an opportunity in Australia its probabability of stable success will be higher. However, skilled individuals use to find opportunities in places where those skills are scarce. Beyond that timeframe, around 10 years, Malaysia seems more promising. In Malaysia, domestic markets will grow dramatically, in particular goods for domestic consumption or business to buisiness for locals. In Australia, exports Australia to Asia will be probably its key field. In the very short term, financial situation in both countries seems good compared with average economies. Probably more in Malaysia as governmental control and regulation is stronger. I hope this thread and the previous ones (2) are useful. Do not hesitate to make any comment, question, disagreement, or whatever you want. Peace and best wishes. Xi Main sources of indicators: Malaysia (source: Malaysia´s Economic Planing Unit) http://www.epu.gov.my/New%20Folder/kei/key_economic_indicators.html http://www.epu.gov.my/New%20Folder/kei/Ext2008.pdf http://www.epu.gov.my/New%20Folder/MEIF2008.htm http://www.epu.gov.my/New%20Folder/Figures2008/chapt12.pdf (source: IMF) http://www.imf.org/external/am/2008/speeches/pr12e.pdf Australia (source: OECD) http://www.oecd.org/country/0,3377,en_33873108_33873229_1_1_1_1_1,00.html http://www.oecd.org/document/61/0,3343,en_2649_34573_2483901_1_1_1_1,00.html (source: IMF) http://www.imf.org/external/np/sta/ir/aus/eng/curaus.htm References: (1) http://www.oecd.org/dataoecd/22/56/42224893.pdf (2) For Sumerian (and anyone interested) on Malaysia, Australia and the global economy. Message 1/3 http://groups.google.com/group/world-thread/browse_thread/thread/98dea55ea7573f1f?hl=en# Message 2/3 http://groups.google.com/group/world-thread/browse_thread/thread/88fee01f2de2ea08?hl=en# --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "World-thread" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/world-thread?hl=en -~----------~----~----~----~------~----~------~--~---
