Economic Turnaround for Malaysia

There is excitement in Malaysia due to the bright future for the Malaysian economy. Malaysia's government has taken large leaps towards expanding manufacturing industries in Malaysia. This expansion is said to solidify ties with China and Singapore. Some major East Asian economies have begun making pacts with neighboring Asian states for a free-trade market between each of them. This free-trade system is allowing underdeveloped and developing states to broaden their horizons through international business. Malaysia has been proactive in "dismantling" procedures enacted from the New Economic Policy. In addition, Malaysia has taken a liberalism viewpoint upon themselves for changing their economy for the better. Ties with China has been a big step for Malaysia. "For example, reports that sovereign wealth fund China Investment Corporation would take a stake in Malaysian government-controlled conglomerate Sime Darby," are important for both States' economies. In this article, it also notes that Singapore would reap benefits from moving some of their industry into Malaysia. Not only will this help both economies, but it will strengthen ties between the two countries. Finally, it is briefly stated that an aid to this economic turnaround for Malaysia is their Muslim base.