Malaysian Economics

2 – CAUSES OF INEQUALITY OF INCOME DISTRIBUTION 2. 1 Differences in education During the British rule, each ethnic group also generally experienced different education systems. Most Malays were educated in the government school system located in the rural areas that used the Malay language as the medium of instruction. The Chinese on the other hand sent their children to the Chinese medium schools, which mere established by Chinese voluntary associations.Nevertheless , the elite segment of each ethnic group generally sent their children to the English medium schools located in the urban areas, where the quality of education was far better than the rural Malay-medium school. Furthermore, most secondary and tertiary education was available in the urban areas with English as the medium of instruction. Those who were educated at the English medium schools tended to gain positions in the civil service, commerce, business, and professions. Since most of the Malays were educated in t he rural Malay medium schools, this indirectly limited their upward social mobility. . 2 Differences in skills Since Malay only received the education from government school in rural areas, the skills were limited. Lack of skills and knowledge were the factors of unemployed. This will worsened the situation of poverty and income disparities between the ethnic groups. Sectoral employment of Bumiputera and non-Bumiputera (%) in peninsular Malaysia, 1970. Sector| Bumiputera| Non-Bumiputera| Primary| 67. 6| 32. 4| Secondary| 30. 8| 69. 2| Tertiary| 37. 9| 62. 1| Notes: Primary (agriculture)Secondary (mining, manufacturing, construction, utilities, and transport) Tertiary (wholesale and retail trade, finance, government, and other services) 3. 3 Differences in access to capital A majority of non-malays are usually found to be living in the southern and western states of Malaysia , such as Pulau Penang and Kedah. These states form modern urban sectors and also modern rural sectors which a re playing the important roles in the economic activities. On the other hand, the Malays lived in the northern states of Malaysia, and they are indeed in the traditional rural sector.This imbalanced development had result the imbalance capital gain among the ethnic groups. Wealth Decomposition by Asset Classes in 2007 Asset Classes| Bumiputera| Chinese| Indian| Savings| 567| 2 795| 1 026| Investment Assets| 1 853| 4 629| 2 058| Financial Assets| 2 419| 7 423| 3 083| Real Estate| 70 453| 120 903| 84 146| Wealth| 72 873| 128 326| 87 229| 3. 4 Differences in unemployment pattern The supply of skilled manpower in their own field is the main problem in employment restructuring. Despite the limited success of bumiputera students, the presence of skilled and qualified bumiputera workers and professionals are inadequate.A few factors that contribute to this problem are such like limited accessibility to modern educational facilities and quality educational or even low family income. Bumiput era are mainly attracted to the public sector and lately the bumiputera states the record for having the highest employment rate among malay university graduates. Although the manufacturing sectors display a tremendously high rate or malay labor force, most of them are employed in the lower level or non-manegerial level of occupations.

Political Cartoon Essay

This political cartoon shows President NoyNoy with the word â€Å"political maneuvers† written on his arm pushing two letters, the R and the H with difficulty because of big rocks with the words objection, 2013 polls and moral issues written on each rock. The cartoon also shows how hard it was for Pnoy because of the sweat on his head. Symbols that were used in this political cartoon are 1) the word â€Å"political maneuver† on Pnoy’s arm, 2) the letter R and H, and 3) the rocks with the word â€Å"objection†, â€Å"2013 Polls† and â€Å"moral issues† Looking at this political cartoon it only illustrates that Pnoy with his skillful tactics push RH bill passing through many objectives, through his political maneuvers, he will be able to have good performance and even crash political and moral issues thrown against him. As a teacher, I am a leader and as a leader, I am not fond of manipulating my student, their grades and even what is happening inside the class. We all know that Pnoy is a good leader whom played the most in achieving economic growth of our country is also known to be a person who wants to promote RH bill no matter how hard it is for the majority to accept it still he will not let it go. I am not against RH bill, and I am not pro abortion, it’s just I want to teach people lesson on giving birth among children whom they can’t support and will be like others begging on the streets and in the end be one of the government dependents. But I am not allowing manipulations or tricks just to fool us around, just to crash moral issues and other objections. I still believe in the moral values our late Pres. Cory imbued to our present president today and will do what is good for our country with due respect and transparency to all Filipino citizens. A pro-RH candidate shaking upon seeing two big feet with â€Å"Catholic Vote† written on it is shown in this political cartoon. This cartoon uses a big foot which represents the majority who opposes the RH bill because they called themselves Catholic, a Christian who lives in a Christian country and should be against violation of life and liberty. This only shows that being a pro-RH bill is a big threat to get big chance of winning in election. The cartoon shows how great is the power of the catholic people who are against the RH bill. A candidate must have a strong political spirit whom he can fight for what he stands for. Yes, majority of the people in the Philippines are Catholics but we must also realize that there are also Catholics who are  pro-RH bill. Catholic Church must not influence voters in not voting pro-RH candidates. Even they have strong influence among the Filipinos; still we must practice a free and democratic way of choosing and electing government officials. Knowing a candidate whether he is a pro or anti-RH bill will never stop him in wanting to serve our country. We must really know who among them are real and who are not. For me, the Catholic Church must not enter with the voting issues anymore, they must listen on how those candidates would love to serve our country whether they are pro or anti-RH bill.

Islamic finance Essay Example | Topics and Well Written Essays - 3000 words

Islamic finance - Essay Example In this regard, the Islamic financial system with the assistance of macroeconomic models is able to conduct their operations effective in the Islamic economy. Islamic financial system came into existence in the mid-1980s wherein this system was practiced mostly in the Muslim communities that eventually nurtured trade and commercial activities in numerous nations. Islamic merchants became the brokers of trade related activities in Spanish and Mediterranean regions, which helped in promoting Islamic finance amid European financiers and capitalists. In the modern day context, Islamic finance has made a huge impact in various parts of the world, as it has been promptly growing in the financial sector. Islamic finance is not just limited to Islamic nations, but it has spread to other nations wherein the Muslim community is quite large. It has been identified that there are over 100 financial institutions using Islamic finance and the system is presently practiced in more than 45 nations. Industries using Islamic finance have witnessed a growth rate of 15% in their annual turnover from the estimation of the last five years financial performance s. Accordingly, it has been witnessed that the market’s annual turnover has grown to about 70 billion USD as compared to 5 billion USD in the year 1985. It has been further estimated that markets, which use Islamic finance will witness a growth of 100 billion USD by next century. In reality, Islamic finance commenced successfully from the time when the Islamic nations obtained surplus profit in their oil exporting businesses. It will be worth mentioning that anatomic and macroeconomic reforms in the financial system, privatisation of industries, assimilation of the financial markets and liberalisation of capital have cemented the growth of the Islamic financial system (Iqbal, 1997). The paper is primarily intended to summarise the chapter ‘The Financial System and Monetary Policy in an Islamic

Norms are Informal Rules in Society Essay Example | Topics and Well Written Essays - 500 words

Norms are Informal Rules in Society - Essay Example The first example is where an individual of high status quo decides to use his bicycle to travel to work despite having a vehicle and the availability of public means of transport, the individual will have behaved against the norms of the society as depicted by the roles and code of behavior associated with his rank and status in the society. The sanctions that the society will impose on such an individual will include the decline in respect and status attached to the individual by his work mates and society. His workmates who have lower prestige jobs in the work place may doubt the individuals capability to be in such a position and this might lead to the loss of the job by the individual because the individual does not act according to the roles attached to him and also he does behave according to the societies norms to maintain his status and prestige according to the role he or she plays in the society. The other example is when an individual may decide to wear two different types or make of shoes, one make on the left foot and the other on the right, those who notice may decide that this is a mere joke but the society may decide to sanction you because of breaking the social norms associated with wearing shoes by trying to embarrass yo

The black cat by E. Poe Essay Example | Topics and Well Written Essays - 500 words

The black cat by E. Poe - Essay Example Virginia served as a pattern and embodiment of love in Poe’s several novels such as Annabel Lee, The Raven, and Ligeia. Poes one-time employer George Rex Graham said about their relationship: "His love for his wife was a sort of rapturous worship of the spirit of beauty." I believe that his devotional love in inherent in a good marriage. After her death, he tried to have a comfortable life with a poet, Sarah Helen Whitman. However, their relationship ended, because of Poe’s serious alcoholism. Such behavior was a result of the sorrow he felt after Virginia’s death. Edgar Allan Poe was one of the representatives of Gothic literature. Gothic art was predominant in the Romantic era, thus Poe’s writings were affected by Romanticism. Romanticism was an artistic, literary, and intellectual movement that praised imagination over reason, emotions over logic, and intuition over science-making way. It rejected the rational and intellectual, and Allan Poe emphasized that didactic and intellectual elements were absent in his work. The Black Cat is an example of Gothic literature work. The black cat’s time and setting is obscure and vague, and it creates an uncanny atmosphere. The beginning of this story is ordinary and friendly, and narrator’s childhood sounds loving. However, happy introduction foreshadows the horrendous ending in Gothic literature. Moreover, there are many Gothic images in the novel. For example, cat’s figure imprinted on the wall brings grotesque illusion. Disturbing vision of cat to the protagonist is akind of foreshadowing of coming event. He tries to ignore superstition and offer a reasonable and scientific explanation. As the narrators extreme hatred and rage to the cat cannot be explained logically, I suppose that cat is a supernatural object, and symbolizes his tortured conscience. Humanity’s fear and fascination is unknown in Gothic literature. Narrator in The Black Cat commits

Philosophy Paper Essay Example | Topics and Well Written Essays - 1250 words - 1

Philosophy Paper - Essay Example ually ‘irrelevant’ to the real world today given the fact that it involves defying the governing laws and being ready to face the penalty that are set by these same laws. This proves to be a contradictory, shallow, and an ineffective means of achieving both political and social objectives as compared to radical attack. This paper will argue on the facts against using civil disobedience in achieving either effective revolution or a conventional political action. A revolution and conventional political action are generally movements that are in open disobedience to the laws of the governing system. However, when the defenders of these movements resort to civil disobedience, it proves fear and not being ready to achieve their objectives, as it is a feeble and weak option. This is because the defenders will try to achieve their objectives and contrarily, still strive to maintain their friendship with the governing body, which is an unsure way of winning a revolution. According to Storing (89), Malcolm X was equally against nonviolence resistance arguing that ‘there’s no such thing as nonviolent revolution†¦Ã¢â‚¬â„¢ and explaining that ‘revolution is bloody, revolution is hostile, revolution knows no compromise, revolution overturns and destroys everything that gets in its wayâ €™. Malcolm X categorically continued stating that revolution is not a compromising game for negotiations, but rather it can go to the extreme point requiring bloodshed (Storing 90). Thus in the dependence on civil disobedience, the revolutionists are merely ‘begging’ the corrupt system or society to accept them into them, which are not the basic principles in winning a revolution or any other political movement. The paper considers civil movement as portrayed in the Negro movement to point out the facts that renders it an ineffective revolutionary method. Martin Luther King clearly understood that civil disobedience is the open, nonviolent disobedience of the law and showing the

National Trust Essay Example | Topics and Well Written Essays - 750 words

National Trust - Essay Example Even though a non-profit organization has no investors or return on investment to consider, it must weigh such factors as fundraising, volunteer staff and goodwill that a commercial firm does not (Greechie 2003). Since it only charges, membership fee, a fee to visit its sites and purchase of its products at special stores, this is hardly enough to pay for their places. This means that the more they have to rely on donations and collect the funds to pay off all these additional costs National Trust is unstable economy. During economic difficulties the organization may experience has problem with finance given by good people. When times get tough, people will spend less money for charity due to the high cost of living. unless there is a strong relationship between the established donors to the National Trust, solution to this problem may not be found. The fact that it is the non-profit organization makes it less competitive and any work vacancies can be avoided people. This can be solve by effective advertisement strategies National Trust is a strength on their part National Trust uses newspapers, magazines, billboards and Internet ads to reach a large audience. They have a good chance to take an interest in people who have never heard about organization. They achieved great success in advertising. It has employed; Above the line and Below-the-line promotion tactics. Above -the-line method involves the use of traditional methods of advertising such as newspapers and magazines. Below -the-line promotions must have deal with specifically chosen audience. Group receives letters by mail, news articles, press releases, promotions, exhibitions and sponsorship activities. It is a form of an integrated campaign aimed at sending messages to a clearly defined audience. Advantage above the line promotion is that it reaches a wider audience while below - line