UNIVERSITI TUNKU ABDUL RAHMAN ACADEMIC YEAR 2017/2018 SEPTEMBER EXAMINATION UBEA2053/MPU33013 MALAYSIAN ECONOMY THURSDAY, 21 SEPTEMBER 2017 TIME: 2.00 PM ~ 4.30 PM (2.5 HOURS) BACHELOR OF ECONOMICS (HONS) FINANCIAL ECONOMICS BACHELOR OF BUSINESS ADMINISTRATION (HONS) ENTREPRENEURSHIP BACHELOR OF MARKETING (HONS) BACHELOR OF INFORMATION TECHNOLOGY (HONS) COMPUTER ENGINEERING BACHELOR OF INFORMATION SYSTEMS (HONS) INFORMATION SYSTEMS ENGINEERING Instructions to candidates: This paper consists of TWO (2) sections. Section A: [Total: 40 marks] This section consists of ONE (1) COMPULSORY question. The question carries FORTY (40) marks. Section B: [Total: 60 marks} This section consists of THREE (3) questions. Answer ANY TWO (2) questions. Each question carries THIRTY (30) marks. Marks will be awarded for clarity and logic of arguments. This question paper consists of 4 questions on 3 printed pages.A2053/MPU33013 MALA’ 2 ySIAN ECONOMY. Section A: {Total: 40 marks] Answer ALL the sub-questions. Qa. @ 6) ©) Elaborate how the following major events have shaped Malaysia's economy since its Independence. (i) 1969 May 13 (6 marks) Gi) Plaza Accord in 1985/1986 (6 marks) Critically elaborate how govemment played their role to enhance Bumiputera’s participation in the labour force and equity ownership as emphasized in New Economic Policy (NEP)? (16 marks) Malaysian economy badly plummeted during Asian financial crisis in 1997/1998. Critically discuss the causes. (12 marks) [Total: 40 marks] ‘This question paper consists of 4 questions on 3 printed pages.3 UBEA2053/MPU33013 MALAYSIAN ECONOMY, Section B [Total: 60 marks} Answer TWO (2) out of THREE (3) questions. a. Q@, (a) ) (a) (b) (a) () Critically elaborate what contributed to the declining importance of agricultural sector to Malaysian economy during 1980s and 1990s. (12 marks) Following the decline of agricultural sector in 1980s and 1990s, manufacturing sector has become relative more important to Malaysian GDP, exports and employment, (Elaborate the role that industrialisation had played in Malaysia’s economic growth, (10 marks) (ii) Identify and evaluate the structural problems facing Malaysia in the path of industrialisation, (8 marks) [Total: 30 marks} Malaysian economic structure has evolved from agricultural-based to manufacturing-oriented. However, development of agricultural sector remains important to Malaysia, Evaluate how agricultural development can still play an important role in Malaysia? (10 marks) A number of studies have found that efficiency was not significantly improved and social welfare was adversely affected following the privatisation of State Owned Enterprises (SOEs) in Malaysia, Elaborate the potential adverse consequences of privatisation, (20 marks) [Total: 30 marks] Malaysia had industrialised its economy through the implementation of import-substitution industrialization (ISI) policy in 1960s and 1980s. Malaysia attempted to move into heavy industrialization under Mahathir administration in the early 1980s but failed. Critically evaluate the structural problems that hindered the success of heavy industries in Malaysia. (16 marks) ‘New Economie Policy (NEP) was launched in 1970 after the event of May 1969 racial riot, and had changed the landscape of Malaysia economic development. Critically discuss the necessary of two core objectives for the implementation of NEP? (14 marks) [Total: 30 marks] This question paper consists of 4 questions on 3 printed pages.