American Cultural Values Gary R. Weaver, Ph.D. This piece was originally published in Kokusai Bunka Kenshu (Intercultural Training), Winter, 1997, Vol. 14, pp. 14-20. This revised version was published in Kokusai Bunka Kenshu (Intercultural Training), Special Edition, 1999, pp. 9-15.
The economy of Malaysia is the 4th largest in Southeast Asia, and is the 35th largest economy in the world. Malaysian labour productivity is significantly higher than neighbouring Indonesia, Philippines or Vietnam due to a high intensity of knowledge-based industries and adoption of cutting edge technology for manufacturing and the digital economy. According to the Global Competitiveness Report 2017, the Malaysian economy is the 23rd most competitive country in the world in the period of 2017-20
IMF said the South-East Asian country's fiscal measures are paying off. Malaysia is on track to achieve the 2014 federal budget deficit target of 3.5%, down from 3.9% in 2013. With fuel subsidy removal locking in the impact of lower oil prices, the mission projects that the deficit could decline below 3% of GDP in 2015, the 24 November statement showed.