The Chinese control of the locally-owned sector of the country's economy, meanwhile, has been ceded largely in favour of the Bumiputras/Malays in many essential or strategic industries such as petroleum retailing, transportation, agriculture and etc. The minority of Indian descent has by and large been the most adversely affected by this policy. Indicators point to a higher incidence of crime and gang related activities among the Indians in recent years.
The rapid economic boom led to a variety of supply problems, however. Labour shortages soon resulted in an influx of millions of foreign workers, many illegal. Cash-rich PLCs and consortia of banks eager to benefit from increased and rapid development began large infrastructure projects. This all ended when the Asian Financial Crisis hit in the fall of 1997, delivering a massive shock to Malaysia's economy.
No comments:
Post a Comment