Malaysia: First World By 2020?

[Nilgiri]

So far I am in complete agreement with @prima99 .

Good information posted!

 

[CAPRICORN-88]

OK thanks for making it clear.



Its called assimilation my friend. Has there been any complete genetic marker analysis of people of South East Asia?

Chola empire would have had only some contact between inter-marriage/settlers etc, most was through trade, a short period of warfare/invasion and cultural exchanges.

Again the period before was more of a cultural exchange regarding use of sanskrit loanwords, Indian philosophical system and belief structures.

Indonesians and malays are at their base level of different migrations/sources of Austronesian peoples all mixed up....with various markers here and there from Chinese and Indian traders/settlers etc.

There is no such race called Austronesian as anthropologists will informed you. It is a theory that was already shot down as it could not be substantial. Make belief like the Cheebye Indian Tamil Movie.

 

[prima99]

Indonesians and malays are at their base level of different migrations/sources of Austronesian peoples all mixed up....with various markers here and there from Chinese and Indian traders/settlers etc.

actually Austronesians are just as Indigenous as the Earth itself. here's the map

the ancestors of people from Madagascar, Philippines, and Suriname were came from Indonesia.

 

[CAPRICORN-88]

He is the one who first said I should go back to India when I'm a Singaporean....

Well, Didn't you make an allegation that the Singapore government discriminated against Indian, Cheebye?

Then why did the Indian Nationals choose and beg to remain in Singapore after the riot at Serangoon Road?

 

[Nilgiri]

Can we get back on topic please?

I don't know/care who started this whole line of India vs China stuff in context of Singapore races. Singaporeans when I lived there identified first and foremost as Singaporean!

There is no such race called Austronesian as anthropologists will informed you. It is a theory that was already shot down as it could not be substantial.

Source?

actually Austronesians are just as Indigenous as the Earth itself. here's the map

So how did those Austronesian people get there in the first place? Or you telling me they are another source of humanity equal to the great rift valley of Africa?

 

[CAPRICORN-88]

actually Austronesians are just as Indigenous as the Earth itself. here's the map

the ancestors of people from Madagascar, Philippines, and Suriname were came from Indonesia.

That is a make believe diagram. Hahaha Not factual about it.

What happened to all the descendants of the so-called Austronesian in Africa? Eaten by Lions.

Now that I know how resentful some Indians like Cheebye in Singapore feel, I will make it known among Chinese Singaporean when I am back there.

 

[prima99]

That is a make believe diagram. Hahaha Not factual about it.

then where is the factual one? show me

So how did those Austronesian people get there in the first place? Or you telling me they are another source of humanity equal to the great rift valley of Africa?

according to the study, the Austronesians were the natives in Taiwan then they're going to sail out the ocean world-wide. as we indonesians says "Nenek Moyangku Seorang Pelaut" means "Our Ancestor is a Seafarer"

not quite sure about the africa thing. but if Ancient Structures were enough for a proof, here it is

Ancient structure in Indonesia could be the world's oldest pyramid | Daily Mail Online

 

[Nilgiri]

That is a make believe diagram. Hahaha Not factual about it.

Of course we should take your word for it.

What happened to all the descendants of the so-called Austronesian in Africa? Eaten by Lions.

Ever done a study of the genetic markers of people in Madagascar? Have you looked at their language Malagasy and compared with Bahasa? Till you put up some sources and evidence for your "no such thing as Austronesian" claim....you seem to be looking quite silly.

Now that I know how resentful some Indians like Cheebye in Singapore feel, I will make it known among Chinese Singaporean when I am back there.

One guy on one forum gets you this angry and vengeful? Good thing I know majority of Singaporeans are mature and wont take silly racial-baiting from people like you.

 

[Gibbs]

Chola doesn't exist in Indonesia. they're only introducing Indian Hinduism and that's all.

Chola dynasty - Wikipedia, the free encyclopedia

.

That map is incorrect, It does not have any anthropological or archaeological validity.. Chola's could never invade whole of Lanka only it's Northern an North Eastern parts, The Sinhalese time and again repelled them and regained the territory from the Southern and Western strongholds

 

[Nilgiri]

according to the study, the Austronesians were the natives in Taiwan then they're going to sail out the ocean world-wide. as we indonesians says "Nenek Moyangku Seorang Pelaut" means "Our Ancestor is a Seafarer"

not quite sure about the africa thing. but if Ancient Structures were enough for a proof, here it is

Are you telling me that a whole subset of humanity originated from Taiwan, in parallel to Africa?

Lets assume that this "pyramid" is 20,000 years old. You do realise that the human migration out of africa still predates this by 100,000 years?

 

[Abingdonboy]

Malaysia: First World By 2020?
The country is on track, but needs to overcome the “middle income trap.”

By Anthony Fensom
May 18, 2015

Malaysia is on track to achieve its goal of first-world status by 2020, despite being hit by falling oil prices and credit worries, according to analysts.

On Friday, the nation’s central bank, Bank Negara Malaysia reported a 5.6 percent increase in gross domestic product (GDP) for the three months through March compared to a year earlier, slightly ahead of economists’ forecasts of a 5.5 percent GDP gain but below the previous quarter’s 5.7 percent rise.

Exports dropped by 0.6 percent in the March quarter from a year earlier, but private investment surged 11.7 percent and private consumption gained 8.8 percent ahead of the start of a new 6 percent goods and services tax (GST) in April.

Malaysia’s current account surplus also expanded in the first quarter, rising to 10 billion Malaysian ringgit ($2.8 billion) compared to a revised 5.7 billion ringgit in the previous quarter, again beating analysts’ forecasts.

“We are going to see a sequential slowdown over the coming quarters as the front load in pre-GST spending wears off,” BMI Research’s Stuart Allsopp told Bloomberg News. “Another risk we see is a U.S.-led global economic slowdown in which case Malaysia, as an open economy which also relies on exports, would suffer.”

However, Bank Negara Malaysia’s governor Zeti Akhtar Aziz was more upbeat, saying the economy “is expected to remain on a steady growth path,” with domestic demand aided by lower oil prices.

“Investment activity is projected to remain resilient with continued capital spending by both private and public sectors,” she said. “The recovery in global growth while remaining moderate, will provide support to manufactured exports, although lower commodity prices will likely weigh down on overall exports.”

In its latest regional outlook, the International Monetary Fund (IMF) said Malaysia’s economy, currently the world’s 35th largest, would expand by 4.8 percent this year and by 4.9 percent in 2016, down from the 6 percent growth recorded in 2014, hit by falling prices of commodities such as natural gas and palm oil and the new consumption tax.

The IMF’s forecast followed Malaysian Prime Minister Najib Razak’s January prediction that the economy would expand by 4.5 to 5.5 percent this year, down from an earlier projection of as high as 6 percent.

Middle Income Trap?

However, the nation’s longer-term goal of achieving “high income nation status” by 2020 remains intact, according to a May 15 report by ANZ Research. The Australian bank’s economists Weiwen Ng and Glenn Maguire said Malaysia had made rapid gains, with gross national income per capita having risen from just $300 in 1963 to $10,808 last year, compared to the “high income” target of around $15,000.

While many Asian nations have struggled to escape the so-called “middle income trap,” the economists said Malaysia could overcome it, “especially with the structural reforms undertaken via the multi-year economic transformation program (ETP)” launched in 2010.

“With a focus of upgrading and diversifying her industrial base, Malaysia is on the cusp of joining Singapore in the high income nation bracket. The successful development path of these two economies will likely form the template that other ASEAN economies will follow in their own transformations,” they said.

According to ANZ, urbanization has been a key element in Malaysia’s growth, a self-reinforcing positive relationship that has seen the nation become ASEAN’s third most urbanized behind Singapore and Brunei.

The nation’s latest ETP scorecard showed that all targets were met for the “national key economic areas” encompassing investments in a range of industries spanning oil and gas, electronics, financial services, palm oil, tourism, business services, education and agriculture. Among the 1.4 trillion ringgit of new investments planned, large-scale infrastructure projects are already underway, including the Pengerang Integrated Complex, KL-SG High Speed Rail and Greater Kuala Lumpur transportation projects.

Since the ETP’s launch, some 775 billion ringgit of investments have been approved, with private investment climbing from 12.8 percent to 17.5 percent of GDP and inward foreign direct investment nearly doubling to an annual average of 9.1 billion ringgit.

According to ANZ, the removal of fuel subsidies and lower oil prices together with the GST’s introduction should also “free up fiscal space of around 2 percent of GDP, which could be made available for infrastructure spending.”

However, the economists warned against any easing of reforms as the target draws nearer.

“Whilst the finish line is in sight, the final lap is not going to be easy. In particular, investment (the key enabler of transformation) has started the year on a cautious note, apparent in the subdued tone of public debt security issuance and business loan activity,” they said.

“Given this subdued sentiment, we opine that the final push to first world nation won’t be without significant challenges. Implementation of gross development spending and major infrastructure projects is now critical to unlock Malaysia’s potential and sustain this investment momentum.”

In January, the Malaysian government increased its 2015 fiscal deficit target to 3.2 percent instead of the previously planned 3 percent, with falling oil prices reducing revenues. Fitch Ratings warned that it was “more likely than not” to downgrade Malaysia’s credit rating, with sentiment worsened by concern that state investment company 1Malaysia Development (1MDB) would struggle to pay its debts.

“The risk is that budget allocation for development expenditure (and hence infrastructure) might be slashed, especially if the government were to come in to bail out 1MDB,” ANZ warned.

The Malaysian prime minister has rejected calls from former leader Mahathir Mohamad to resign over 1MDB, which reportedly has racked up $15 billion of debts.

In its March survey, the IMF welcomed Malaysia’s decisions to curb fuel subsidies and introduce a GST, with the authorities’ goal of balancing the budget by 2020 expected to reduce federal debt to pre-global financial crisis levels.

“However, balancing the budget will need continued effort amidst pressures from oil revenues that are declining in relation to GDP and from rising expenditure commitments. If the decline in oil prices is permanent more measures would be required over the medium term to meet the fiscal targets, which remain feasible,” the IMF said.

Nevertheless, the IMF said Malaysia’s structural reforms would be key to achieving its goal of high-income status by 2020: “Continued investment in infrastructure and in research and development can help spur home-grown innovation and increase incomes. Together with improvements in the quality of education, these efforts can help raise labor productivity, support higher sustainable growth, and foster a more inclusive society.”

The IMF’s first deputy managing director David Lipton told a Malaysian audience that “with a sustained effort to pursue further reforms, Malaysia’s income level in 2040 could surpass that [high-income] goal, and essentially converge to the United Kingdom.”

According to one estimate, only 13 of 101 middle-income economies in 1960 graduated to high-income status by 2008, with the main failing being an inability to raise productivity by moving up the manufacturing, services or agriculture value-added chain.

For Malaysia, the target should give policymakers plenty of incentive to continue pushing reform, as it eyes joining neighboring Singapore among the world’s economic top tier.

It always irks me when I see "first/second/third world" being used in such a manner. Just because first world has become synonymous with economic prosperity and third world the lack of such does NOT mean the term has anything to do with economics, prosperity, development and growth.


Strictly speaking, first/second/third world simply refer nations' alignment (or lack thereof as in the case of third world) to either the USA or USSR during the cold war-THAT IS IT.


As a result it is IMPOSSIBLE for Malaysia (or any other nation for that matter) to become "First world".

 

[CAPRICORN-88]

Hahaha Malay as a race does not existed according to studies made public quite some time by both Singapore and Malaysia anthropologists supported by the Westerners. The so-called Austronesian is based on a theory that Malay migrated from Africa. That is a myth.

I have already given you a clue. Where are all the descendants of the so-called Austronesian in Africa? Malay do not have any distinct markers in their DNA unlike the other races.

I am too lazy to find those info. as they can easily be found in the internet. Please do your own rersearch.

The truth is out there somewhere.

The Malay migrated from Yunnan and their forefather is the Miao tribes who are also practitioners of SHAMANISM or BOMOH or in Indonesia called Chahaya or something like that. Now they incorporated it into Islam in Malaysia. That is why the orang asli in Malaysia practice these distinct black magic found in Southern China.

 

[Nilgiri]

That map is incorrect, It does not have any anthropological or archaeological validity.. Chola's could never invade whole of Lanka only it's Northern an North Eastern parts, The Sinhalese time and again repelled them and regained the territory from the Southern and Western strongholds

You are correct in general. During peak Chola dynasty in general, they had influence only over the North and East. Even raja raja only got as far as taking Anuradhapura kingdom. Extreme South of Ceylon still remained independent and resisted him.

However during the period of Rajendra Chola I is when Chola achieved their maximum direct territorial extent illustrated in the map...and also maximum influence in South East Asia.

Rajendra Chola I did conquer and annex the entire Sri Lanka for a short period.

Chola rule in Sri Lanka - Wikipedia, the free encyclopedia

 

[CAPRICORN-88]

It always irks me when I see "first/second/third world" being used in such a manner. Just because first world has become synonymous with economic prosperity and third world the lack of such does NOT mean the term has anything to do with economics, prosperity, development and growth.


Strictly speaking, first/second/third world simply refer nations' alignment (or lack thereof as in the case of third world) to either the USA or USSR during the cold war-THAT IS IT.


As a result it is IMPOSSIBLE for Malaysia (or any other nation for that matter) to become "First world".

By any definition, NO WAY Malaysia can be a first world by 2020 which is 5 years away, I can assure you. Hahaha

I am living in here and enjoying the lower cost of living.

 

[prima99]

That map is incorrect, It does not have any anthropological or archaeological validity.. Chola's could never invade whole of Lanka only it's Northern an North Eastern parts, The Sinhalese time and again repelled them and regained the territory from the Southern and Western strongholds

you can always do yourself a favor and google it, the result will be another "that map is incorrect".

but regarding Chola Dynasty territory in Indonesia, it did correct as there aren't any traces of Chola in indonesia, so the map were right for this case.

Are you telling me that a whole subset of humanity originated from Taiwan, in parallel to Africa?

Lets assume that this "pyramid" is 20,000 years old. You do realise that the human migration out of africa still predates this by 100,000 years?

nope, i'm not. i don't quite get about this africa thing either as i said before. yes i do know that human migrates from africa. however the discovered 20.000 years old structure would like to say some things too. it is currently the oldest Megalithic site ever discovered (according to the scientists)