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Malaysia Economy SWOT analysis - Paper

Malaysia Economy SWOT analysis

Malaysia - SWOT Analysis For Market Potentiality

Summary: The paper attempts to analyze the potential of Malaysia as a prospective market for foreign goods on the basis of SWOT analysis of the cultural and economic aspects.

Malaysia, one of the most flourishing economies in Asia, is considered to be a potential market by many manufactures and countries. The paper, in two parts presents SWOT analyses of the cultural and economic aspects that would enable an informed decision, when assessing the nation for international business potentiality.

I. Cultural aspects

Strengths and Weakness

There are obvious cultural strengths that would make Malaysia a good international market. ...

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with high standards of living. 'Society over self' culture rules the land. Cohesive family settings influence the buying-power and decisions. A tolerant Muslim nation with strict national security laws, Malaysia is open to foreign trade. [Wikipedia, 2004]

The weakness include - the constitutional monarchy, and a bicameral legislation that have proven ineffective in introducing reforms, particularly in the corporate sector. Declared an Islamic nation, the socio-legal system is in favor of the ethnic Malays and Bahasa Malaysia, a dialect of Malay, is the official language. The country is yet to cede to ICJ. The tastes of Malaysians are essentially Asian.

Opportunities and Threats

Opportunities as a foreign market include the openness of the well-educated urbane younger generation to international products. The growing segments include healthcare, tourism, education, food and beverages. The high standard of living and a sound consumer culture are other factors. The ...

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Malaysia Economy SWOT analysis. (2016, June 10). Retrieved December 22, 2024, from http://www.essayworld.com/essays/Malaysia-Economy-SWOT-analysis/105690

"Malaysia Economy SWOT analysis." Essayworld.com. Essayworld.com, 10 Jun. 2016. Web. 22 Dec. 2024. <http://www.essayworld.com/essays/Malaysia-Economy-SWOT-analysis/105690>

"Malaysia Economy SWOT analysis." Essayworld.com. June 10, 2016. Accessed December 22, 2024. http://www.essayworld.com/essays/Malaysia-Economy-SWOT-analysis/105690.

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PAPER DETAILS

Added: 6/10/2016 03:31:59 AM
Category: Economics
Type: Premium Paper
Words: 1077
Pages: 4

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