Answer Scheme Malaysian Economy Sem July 2005 FE 
Answer Scheme BEB2013 - Malaysian Economy
Final Exam Semester July 2005
PART A:SHORT ANSWER QUESTION(30 M)
1.
a. differentiate between ‘dualism withnin sector’ and ‘dualism between sector’ When comparing between the two sector : example sector manufacturing – automobile industry which is cleary a mdern sector and fisher where the fishermen normally use small boats, home made nets, rely on experience to detect areas with good catch instead of using radar and income that varies with season, we are referring to dualism withnin sector
However, in the fishery industry, there are also morden methods being used like radar for deep sea fishing. When both the traditional and modern characteristic are present in one sector, then is dualism withnin sector.
b. explain any two reason for economic globalization
Globalization it refers to the increasing integration of economies around the world, particularly through trade and financial flows. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political and environmental dimensions.
First, improvements in the technology of transportation and communication have reduced the costs of transporting goods, services, and factors of production and of communicating economically useful knowledge and technology Second, countries with lesser financial resources can also participate and benefit from international trade. Malaysia’s manufacturing sector for example developed mainly through foreign direct investment(FDI. An individual investor from Malaysia can invest in NYSE just as an American investor can buy shares of public listed Malaysian company.
2.
a. explain the relationship between goverment budget and the increase in Malaysia population’s median age as recorded in year 2000’s
Housing and Population Census
Population 65 years and over for Malaysia in Census 2000 was recorded at
3.9% compared to 3.7% in 1991. The median age for
Final Exam Semester July 2005
PART A:SHORT ANSWER QUESTION(30 M)
1.
a. differentiate between ‘dualism withnin sector’ and ‘dualism between sector’ When comparing between the two sector : example sector manufacturing – automobile industry which is cleary a mdern sector and fisher where the fishermen normally use small boats, home made nets, rely on experience to detect areas with good catch instead of using radar and income that varies with season, we are referring to dualism withnin sector
However, in the fishery industry, there are also morden methods being used like radar for deep sea fishing. When both the traditional and modern characteristic are present in one sector, then is dualism withnin sector.
b. explain any two reason for economic globalization
Globalization it refers to the increasing integration of economies around the world, particularly through trade and financial flows. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political and environmental dimensions.
First, improvements in the technology of transportation and communication have reduced the costs of transporting goods, services, and factors of production and of communicating economically useful knowledge and technology Second, countries with lesser financial resources can also participate and benefit from international trade. Malaysia’s manufacturing sector for example developed mainly through foreign direct investment(FDI. An individual investor from Malaysia can invest in NYSE just as an American investor can buy shares of public listed Malaysian company.
2.
a. explain the relationship between goverment budget and the increase in Malaysia population’s median age as recorded in year 2000’s
Housing and Population Census
Population 65 years and over for Malaysia in Census 2000 was recorded at
3.9% compared to 3.7% in 1991. The median age for