Malaysia is a typical Southeast Asian country with a population of around 32 million and a land area of only 330,000 square kilometers. However, such an island country has a total GDP of 370 billion yuan, and its per capita GDP will reach 11,125 US dollars even in 2020.
Malaysia does not have any powerful industries, what are they really relying on to make money?
First, the dependence of the Malaysian economy
Malaysia is a very leading country in economic development among Southeast Asian countries, it has carried out strategic planning and industrial positioning according to its own advantages, and has achieved rapid economic development by attracting foreign investment. The most critical factor in Malaysia's success is its abundant resources.
So what are the rich resources of this archipelagic country?
Although Malaysia is an archipelagic country with a limited geographical area, it is the world's third largest exporter of natural rubber thanks to its climate and abundant rubber resources. It is only above Indonesia and Thailand, the total rubber exports of the three countries, accounting for about half of the world's total exports, and rubber exports, absolutely can be regarded as one of Malaysia's pillar industries.
In addition, Malaysia is also rich in energy and mineral resources, and can reap a lot of benefits through mineral and energy exports every year. Surrounded by seas, malaysia contains a large amount of oil, natural gas and other energy sources, and has proven crude oil reserves of 3.6 billion tons, which has also promoted Malaysia to become one of the important crude oil exporters in Southeast Asia.
So in addition to energy, what other pillar industries does Malaysia have?
Second, the prosperity of tertiary industries such as tourism
Like many Southeast Asian countries, Malaysia has taken advantage of its tropical climate and surrounded by seas to develop tourism and promote the development of the service industry. The data shows that the total output value of Malaysia's service industry reaches 50% of its total GDP. In 2018, Malaysia's tourism industry accounted for 12% of total output, creating more than 25% of jobs in Malaysia.
The services industry and tourism industry are Malaysia's primary industries.
Among the proportion of tourists traveling to Malaysia, Singapore, which is also Southeast Asia, occupies the first place, and the number of tourists to Malaysia every year has reached a staggering 10 million, which has contributed a lot to the increase of Malaysia's output value. In second place, Thailand and China in third place, but the total number of visits to Malaysia by China and Thailand each year is not as good as Singapore.
Singapore is a very well-developed region in Asia, and the exchanges between the two countries have formed a good relationship of mutual benefit and reciprocity. Singaporean tourists have driven the development of malaysia's economy, and Malaysia's increasingly rich tourism projects have also provided opportunities for Singaporean tourists to release their spending desires.
With the Malaysian government's strong support for tourism, The Malaysian tourism industry is likely to dominate economic growth in the future.
However, whether it is rich resources or the tertiary industry, it is a soft industry without technology, so how is Malaysia's industrial system developing?
Third, attract foreign investment to "hold the thigh"
Is Malaysia's high-tech industry in a mess?
In fact, the result is just the opposite, Malaysia has built a large number of semiconductor processing plants in the country by attracting foreign investment, and regards it as one of the important pillar industries in the future. However, Malaysia's own semiconductor level is not outstanding, how to attract foreign investment to Malaysia to build a factory?
The answer is simple, and that's "hugging the thighs", hugging singapore's thighs.
Because long before Malaysia's independence in 1957, Singapore and Malaysia used to be one country. The relationship between the two is "blood is thicker than water", so when Singapore embarks on the road of high-tech development, it is willing to go back and pull its former brothers.
In addition to the new Kapi, Malaysia has also set its sights on another "thigh", that is, Japan.
Since 1970, Japan has built a manufacturing system on a large scale, requiring the import of a large number of raw materials. Malaysia seized this opportunity and relied on its abundant energy and rubber resources to catch the east wind of Japan's economic take-off.
With the upgrading of Japan's industry, Japan began to find suitable locations outside the country to build factories. With its abundant resources and good relations, Malaysia has successfully attracted Japan to build factories in Malaysia. This has provided a large number of jobs for Malaysians and led to the rapid development of the Malaysian economy.
epilogue
Through the development process of Malaysia, we can see that it has achieved economic rise by virtue of its innate resources and the strategy of attracting foreign investment to build factories, but the industrial system is not perfect, and Malaysia must develop its own industrial system if it wants better development, all of which still has a long way to go.
For Malaysia, there is no strong industry, why can the per capita GDP reach such a high level, and what do you want to say? Feel free to leave a message in the comments section.