Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experienced and what were the recovery plans.
https://krugman.blogs.nytimes.com/2009/03/20/the-great-recession-versus-the-great-depression/
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Oppenheimer and Oscar Economics
This article is quite long, but has important modern implications. Source: Michael Ramirez, The Gazette.
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How are you going to contribute to the nations in terms of closing the wealth inequality gap?
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In Tinta Minda, BERNAMA. Malay article. Excerpt: "Laporan prestasi ekonomi negara pada suku ketiga pada 2020 yang diumumkan Bank Negara... -
Please read the article by Paul Krugman in the New York Times at the link given below and give your comments as what Malaysia had experience...
Nice and good !
ReplyDeleteThe graph show is falling down and go to negative part
ReplyDeleteWhat happen afterwards?
DeleteIts good
ReplyDeleteInteresting
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteVery interesting
ReplyDeleteSuhailah :
ReplyDeleteVery interesting !
ReplyDeleteMalaysia experienced
Malaysia’s gross domestic product is 3.9 per cent smaller than a year ago, Manufacturing fell by 14.5 per cent in the period, with electronics, the biggest industrial sector, declining by 27.3 per cent.
Recovery plan
Malaysia export to PR CHINA
The graph shown the declined of GD and GR, but we can't let it goes down more, we must learn and improve our economy for a better future
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteIn each of the four years following the Wall Street Crash, 1930-1933, Malaya’s real GDP per capita fell and, following only modest growth in 1934, fell again in 1935. The recession in Malaya was even deeper and more protracted than that of the US. From there , we can see some bad experience has been through to our country.
ReplyDeleteIn the 21st Century, Malaysia’s international trade has a far wider base - both in the nature of its exports and in the range of countries with which it trades. Its exports are now more diversified - electrical and electronic products, palm oil, liquefied natural gas, petroleum, chemicals, and manufactures of metal, rubber, wood and wood products. We know from our history we can succeed even we are facing some barrier and burden that need to carry. From the article, we can see how our country develop from our history.
Recent data would help ^_^
DeleteMalaysia experience a great depression which is very bad. we need to balance between both for a better economy
ReplyDeleteThe Malaysian economy is expected to grow at 4.6 per cent this year and 2020, slightly lower than the 4.7 per cent posted in 2018, due to weaker than expected investment and export activity. Deep financial and trade integration with the global economy, unresolved trade tensions and the recovery in the global trade and the global growth returning to its trend rate. By 2020, the technology cycle will move up
ReplyDeleteShafira
DeleteFrom the graph,the author see that sort of experiencing a great depression made the pace accelerated dramaticaly fall.
ReplyDeleteit show how depression can result a great downfall of the economy which is really bad for the country.
ReplyDeleteYes. Think also how countries overcome the situation.
DeleteThe great recession give an impact to Malaysia economy such as the decline of GDP and the increase of unemployment. So, Malaysia should do the recovery plan that can help their citizens such as enlarging Batuan Sara Hidup or cost of living aid to this vulnerable group.
ReplyDeleteSalwa suhaili (1161336)
ReplyDeleteThe article is great with a good information
This comment has been removed by the author.
ReplyDeleteBased on the graph GD and GR rapidly falling down to negative.
ReplyDeleteFrom my opinion, when the individual notice that he/she is in the brink of a breakdown, he/she should speak with a person who can rationalise things for him/her, possibly a professional.
ReplyDeleteOr they can do something that can make themselves feel calm. For example, some men begin to have extra marital art during a midlife crisis. Some women comfort themselves with food, they overeat when they sad.
Finally, whoever that are in deppression shoul know that they are just face the bad day, but their life is not ruined.
Many have experienced the recession of 1986 that succeeded a massive spike in oil prices. Then came the 1998 East-Asian crisis which ruined South Korea, Thailand, Indonesia, Malaysia and, to a lesser extent, other countries in the region. Other countries, such as Russia and Latin America, fell into crisis as well. The negative effects of the 2008 global financial crisis, following the US sub-prime market fiasco, still reverberate across the world.
ReplyDeleteMalaysia’s Q1 & Q2 GDP growth is at 5.6% & 4.9% respectively. Meanwhile the forecasted GDP for Q3 is at 4.8%. Thus Malaysia is not by definition in a recession.
Malaysian government should have plan to encourage the domestic product to be able to enter the international market. This way can be resulted in increasing the GDP. Malaysia also need to change debt model in order to balance between debt and the increased of interest rates.
ReplyDeleteAs we know that recession and depression always involve in industrial productions.Based on the article, great depression is down and great recession also move down. So we can conclude that there is up and down in business.
ReplyDeletethe graph shown current recession didnt hit industrial production all that hard. but the pace accelerated dramatically last fall.
ReplyDeleteIn my opinion, US was the most important of Malaya’s export markets, the Depression had the expected dramatic effect on Malaya’s economic growth. It can be conclude that Malaysia need to balance their debt and interest rate. (SUHAILAH 1162726)
ReplyDeleteMalaysia certainly felt the effects of the great recession. So, with more diversified exports and wider range of trading partners it can improve Malaysia economy.
ReplyDeleteThe graph shows that the more Great recession falling down, so the most Great depression will falling down. Maybe it because of the decreasing currency that will affect the economics in that country.
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ReplyDeleteOn 1997, Malaysia had crisis which is inflation . The recovery effects in Malaysia have essentially been home-grown. Unlike in Thailand , Indonesia and Republic of Korean where recovery efforts to a large extent , been shaped by the International Monetary Fund .
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ReplyDeleteSuch a great article to discuss!! The main causes of the great depression and the great recession lie in the action of the federal government.
ReplyDeleteDevelopments in the international environment have adverse implications for the Malaysian economy since demand for exports has slowed. Due to the great depression, it affects the countries both poor and rich people.
ReplyDeleteThis article show the graph that represent to great recession and great depression, it show the declining of GR and GD that experience by Malaysia🇲🇾. For a better Malaysia's economic, the the GD and GR need to reducing. Khalilah(1160187)
ReplyDeleteMalaysia had experienced recession in the 1930s and effects of this crisis on the real economy led to the Great Recession - a downturn in economic activity that again affected the world economy. For Malaysia, it certainly felt the effects of the Great Recession, its real GDP per capita falling by over 3 per cent in 2009.
ReplyDeleteIn the 21st Century, Malaysia’s international trade has a far wider base - both in the nature of its exports and in the range of countries with which it trades. Its exports are now more diversified. Malaysia depend on a few primary products and the narrow geographical focus of its international trade made it extremely vulnerable to crises in the economies.
- Sabreena, 1161330.