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2. Geo-Economic Impact of COVID-19 on the Maritime Sector in Malaysia
- Author:
- Sumathy Permal and Norsyihan Jamal
- Publication Date:
- 04-2020
- Content Type:
- Working Paper
- Institution:
- Maritime Institute of Malaysia
- Abstract:
- The cascading effect of the novel coronavirus (Covid-19) that originated in Wuhan, China, is producing widespread reverberations around the globe and impacting almost every facet of life as we know it today. This article discusses the impact of Covid-19 on the geo-economics and maritime sector of Malaysia. A study by McKinsey states that the pandemic is expected to peak in the US and Europe in May 2020 and, as such, its full-fledged impact has not yet been felt. The pandemic has a corresponding effect on the global economy, which is expected to suffer major declines in consumption and production throughout the year. The global supply chain has been hard-hit with dire consequences for international trade and the shipping industry.
- Topic:
- Economics, International Trade and Finance, Maritime, Pandemic, COVID-19, and Supply Chains
- Political Geography:
- Malaysia and Asia
3. Globalisation and Economic Development: Malaysia's Experience
- Author:
- Cassey Lee
- Publication Date:
- 12-2019
- Content Type:
- Working Paper
- Institution:
- Economic Research Institute for ASEAN and East Asia (ERIA)
- Abstract:
- The economic development of Malaysia has been strongly driven and shaped by globalisation, from the pre-colonial to the post-independence period. The country has harnessed trade, foreign capital, and foreign labour to grow and has transformed its economy from one that was highly dependent on primary commodities (tin and rubber) into one driven by manufactured exports. The impact of globalisation on the Malaysian economy has changed through the various phases of its development experience. The early phases of the country’s engagement with globalisation reduced poverty and inequality. In later stages, excessive dependence on low-skilled foreign labour, although beneficial initially, may have compromised the competitiveness of the economy. Malaysia’s multi-ethnic society has also posed considerable challenges in the balancing of domestic needs and benefits with greater engagement with globalisation. The openness of the Malaysian economy has also made it vulnerable to global economic shocks.
- Topic:
- Globalization, International Trade and Finance, Inequality, and Economic Development
- Political Geography:
- Malaysia and Asia
4. Manila’s Pivot Toward Beijing
- Author:
- Peter Wood
- Publication Date:
- 11-2016
- Content Type:
- Journal Article
- Journal:
- China Brief
- Institution:
- The Jamestown Foundation
- Abstract:
- In mid-October, Philippine President Rodrigo Duterte visited China. His visit was marked by a recalibration in Philippine policy toward China and the announcement of economic and military “separation” from the United States.
- Topic:
- Development, International Trade and Finance, Bilateral Relations, and Economic Growth
- Political Geography:
- China, Malaysia, Asia, Philippines, and United States of America
5. Should Korea Join the Trans-Pacific Partnership?
- Author:
- Jeffrey J. Schott and Cathleen Cimino
- Publication Date:
- 09-2014
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics (PIIE)
- Abstract:
- The negotiation of the Trans-Pacific Partnership (TPP), a megaregional agreement to lower barriers to trade and investment and promote economic integration in the Asia-Pacific region, has been a dynamic process with a number of countries joining the talks in midstream. Since negotiations began in March 2010, participation in the TPP talks has expanded several times to include Malaysia (October 2010), Vietnam (December 2010), Canada and Mexico (October 2012), and Japan (July 2013). In November 2013, Korea announced its interest in participating in the TPP and began consulting with the countries involved. The TPP now has 12 participants. Korea is still considering whether to become lucky 13.
- Topic:
- Economics, International Trade and Finance, and Bilateral Relations
- Political Geography:
- Malaysia, Canada, Asia, Vietnam, Korea, and Mexico
6. Malaysia's U.S. Policy under Najib: Ambivalence No More?
- Author:
- KUIK Cheng-Chwee
- Publication Date:
- 11-2012
- Content Type:
- Working Paper
- Institution:
- Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
- Abstract:
- This paper adopts a neoclassical realist perspective to explain Malaysia's evolving policy towards the United States under Prime Minister Najib Tun Razak. It argues that to the extent that there is a “shift” in Malaysia's U.S. policy under the current leadership, the substance and symbolism in Najib's U.S. policy has been driven and limited by the needs of the ruling elite to strike a balance between a variety of structural imperatives and domestic considerations. Structurally, in the face of a fast rising China (with whom Malaysia has come to develop an increasingly productive relation in both economic and diplomatic domains, but with whom it has unresolved territorial issues), the leader of the smaller state is increasingly confronted with the geostrategic need to keep a more balanced relationship with all the major players. This is especially so with the United States, which, under the Obama administration's “pivot” to Asia policy, has demonstrated a renewed and enhanced commitment to engage countries in the Asia-Pacific, including Malaysia. This structural push, however, has been counteracted by the smaller state's desire of not wanting to be entrapped in any big power rivalry, and by its concern about the uncertainties of great power commitments. Domestically, there is a strong economic need to further enhance two-way trade and increase the flow of American capital and technology into Malaysia, deemed vital to Najib's Economic Transformation Program. Perhaps more importantly, there is also a political calculation by the governing elite to capitalize on the increasingly warm and close bilateral ties as a leverage to reduce – if not neutralize – Washington's support for the Anwar Ibrahim-led opposition and civil society movements, which have presented a growing challenge to the ruling BN coalition. This calculation, however, has been counteracted by UMNO's domestic concern of not wanting to appear too closely aligned with America, in order not to alienate the country's Muslim majority voters who have been critical of U.S. policy on the Israeli-Palestinian conflict. These structural and domestic determinants together explain Malaysia's evolving policy toward the superpower under the current leadership.
- Topic:
- Foreign Policy, International Trade and Finance, Islam, Political Economy, and Power Politics
- Political Geography:
- United States, Malaysia, Israel, and Southeast Asia
7. Choice and Coercion in East Asian Exchange Rate Regimes
- Author:
- C. Randall Henning
- Publication Date:
- 09-2012
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics (PIIE)
- Abstract:
- This paper examines the exchange rate regimes of East Asian countries since the initial shift by China to a controlled appreciation in July 2005, testing econometrically the weights of key currencies in the implicit baskets that appear to be targeted by East Asian monetary authorities. It finds, first, that Malaysia, Thailand, Singapore and the Philippines have formed a loose but effective “renminbi bloc” with China, and that South Korea has participated tentatively since the global financial crisis. Second, the emergence of the renminbi bloc in terms of the exchange rate has been facilitated by the continued dominance of the US dollar as a trade, investment, and reserve currency. Third, exchange rate stabilization is explained by the economic strategies of these countries, which rely heavily on export development and financial repression, and the economic rise of China. Fourth, analysts should specify the exchange rate preferences of these emerging market countries carefully before drawing inferences about Chinese influence within the region.
- Topic:
- Development, Emerging Markets, Foreign Exchange, and International Trade and Finance
- Political Geography:
- China, Malaysia, Asia, South Korea, Philippines, Singapore, and Thailand
8. Sustainable Energy Futures in Southeast Asia
- Author:
- Murray Hiebert, Ernest Z. Bower, David Pumphrey, Gregory B. Poling, and Molly A. Walton
- Publication Date:
- 12-2012
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies (CSIS)
- Abstract:
- Southeast Asia will be the next big growth engine in Asia. Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, with a population of 525 million and a combined GDP of $2.8 trillion (when measured by purchasing power parity), are expected to grow almost 6 percent between now and 2030, according to the Asian Development Bank. For years, they have been eclipsed by China and India, but now their combined GDP is catching up with India and they could overtake Japan in less than two decades. For U.S. firms, these five members of the Association of South East Asian Nations—hereafter the ASEAN-5—are a trade, energy, and environment story.
- Topic:
- Development, Economics, Energy Policy, International Trade and Finance, and Oil
- Political Geography:
- Indonesia, Malaysia, Asia, Vietnam, Philippines, Thailand, and Southeast Asia
9. The Trans-Pacific Partnership Agreement (TPP) Negotiations: Overview and Prospects
- Author:
- Deborah Elms and C. L. Lim
- Publication Date:
- 02-2012
- Content Type:
- Working Paper
- Institution:
- Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
- Abstract:
- The Trans-Pacific Partnership (TPP) is a trade agreement currently under negotiation between nine countries in three continents, including Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, United States and Vietnam. In late 2011 three additional countries--Japan, Canada and Mexico--announced their intention to join as well. The TPP has always been called a "high quality, 21st century" agreement that covers a range of topics not always found in free trade agreements. This includes not just trade in goods, services and investment, but also intellectual property rights, government procurement, labor, environment, regulations, and small and medium enterprises. This paper traces the complex negotiations and evolution of the talks since the early 2000s to the present.
- Topic:
- Economics, Environment, International Trade and Finance, Treaties and Agreements, Labor Issues, and Intellectual Property/Copyright
- Political Geography:
- United States, Japan, Malaysia, Canada, Israel, Vietnam, Latin America, Australia, Australia/Pacific, Mexico, Singapore, Chile, Peru, New Zealand, and Brunei
10. Propelling Malaysia's OSV sector ahead
- Author:
- Nazery Khalid
- Publication Date:
- 03-2012
- Content Type:
- Policy Brief
- Institution:
- Maritime Institute of Malaysia
- Abstract:
- The launching of the Malaysian Offshore Support Vessels Owners Association (OSV Malaysia) in February 2012 brings to attention the issues and challenges faced by the local offshore support vessels (OSV) sector. The contribution and importance of this sector in facilitating the offshore oil and gas industry cannot be overemphasized. These vessels enable a host of activities such as prospecting, exploring, commercializing, producing, storing, offloading and transporting of oil and gas and construction and decommissioning of offshore structures to be carried out.
- Topic:
- Economics, International Trade and Finance, Oil, Maritime Commerce, and Natural Resources
- Political Geography:
- Malaysia
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