Malaysia - present days situation

However, the post Y2K slump of 2001 did not affect Malaysia as much as other countries. This may have been clearer evidence that there are other causes and effects that can be more properly attributable for recovery. One possibility is that the currency speculators had run out of finance after failing in their attack on the Hong Kong dollar in August 1998 and after the Russian ruble collapsed.
Regardless of cause and effect claims, rejuvenation of the economy also coincided with massive government spending and budget deficits in the years that followed the crisis. Later, Malaysia enjoyed faster economic recovery compared to its neighbours. The country has recovered to the levels of the pre-crisis era – as an example, the KLCI Composite Index hit an all time high of 1,386 on 20 June 2007 which is approximately 100 points higher than the pre-crisis record of 1,275 in 1993.

While the pace of development today is not as rapid, it is seen to be more sustainable. Although the controls and economic housekeeping may or may not have been the principal reasons for recovery, there is no doubt that the banking sector has become more resilient to external shocks. The current account has also settled into a structural surplus, providing a cushion to capital flight. Asset prices are generally back to their pre-crisis heights, despite the effects of the global financial crisis. Malaysia is also the world's largest Islamic banking and financial centre.
Regarding population Malaysia has a population distribution is highly uneven, with some 20 million residents concentrated on the Malay Peninsula, while East Malaysiais relatively less populated. Due to the rise in labor intensive industries, Malaysia has 10 to 20% foreign workers with the uncertainty due in part to the large number of illegal workers. There are a million legal foreign workers and perhaps another million unauthorized foreigners. The state of Sabah alone has nearly 25% of its 2.7 million population listed as illegal foreign workers in the last census.

My grade for this category is 6.