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Impact of Asian Financial Crisis in Malaysian Economy with special reference to Multinational Companies

Author Affiliations

  • 1FUUAST, Karachi-PAKISTAN
  • 2 Hamdard University, Karachi-PAKISTAN

Res. J. Management Sci., Volume 3, Issue (9), Pages 7-12, September,6 (2014)

Abstract

Asian Financial Crisis hit the Southeast Asian region in 1997. Due to this currency crisis all major stock markets had been crashed including Malaysia. In the concerned article, the causes of origin of the crisis have been highlighted. The positive measures which had been taken by the Malaysian government that helped the Malaysian economy to recover the foreign investment and multinational business in Malaysia have been discussed. Light has also been shed on the rehabilitated investors’ confidence related to the Malaysian currency. There is also a mention of the structural weakness of the Malaysian economy which effected from the colonial period and the export-oriented role of Multinational companies.

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