Malaysia Changes Gears ; Biotechnology to Replace Manufacturing Emphasis
The Washington Times › July 01, 2005
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Summary
In the early 1980s, Prime Minister Mahathir Mohamad sought to transform this country's agrarian economy into a manufacturing one. Before he stepped down in 2003, manufacturing accounted for 30 percent of Malaysia's gross domestic product, double the sector's share of GDP in 1970.
With a population of 23 million - similar to that of Texas - Malaysia ranks as the 12th largest U.S. trading partner.See the full content of this document
Extract
Malaysia Changes Gears ; Biotechnology to Replace Manufacturing Emphasis
But with neighboring rivals such as India, China and Thailand luring away Malaysian investors, the government in Kuala Lumpur feels a need to change course again or risk being left behind.
In April, Prime Minister Abdullah Badawi prodded Malaysia tow...See the full content of this document
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