Bsib522 Icpc Coversheet Requirements

College of Administrative and Financial Sciences
Bachelor of Science in International Business

1st Trimester, AY 2021-2022
BSIB522 IN-COURSE PROJECT (ICPC)

Instructions:
ALL questions and requirements presented in this project shall be answered or complied by the student or
group.
Marks will be awarded for good presentation and thoroughness in your approach.
NO marks would be awarded for the entire project if any part is found to be copied directly from printed
materials or from another student.
Complete this cover sheet and attach it to your In-Course Project Output.
Student Declaration:
I declare that:
I understand what is meant by plagiarism (illegal copying of one’s work).
The implication of plagiarism is tantamount to cheating (work will get no pts.)
This project is all my own work and I have acknowledged any use of the published and unpublished works of
other people.
Students’ Signature:___________________, ____________________, _________________ Date: ________________
Total number of pages including this cover page

Program Course Section Time/Days Due Date Date Submitted
BSIB BSIB522
Course Title Philosophy of Business and Wealth of Nations
Group Members: BH
Student Number and Full BH
Name BH
BH
Professor’s Name SHEENA JOSE
FOR OFFICIAL USE ONLY
Teacher’s/Marker’s Comments Marking Scheme & Rubrics (As attached)
I. Introduction 5
II. Discussion of Your Topic Analysis how the economic 10
systems benficial to the country you have selected.
III. Evaluate the factors of economic 10
IV. Demographic transition. 5
V. Suggestions to further improvement that country can 5
make on implementation of best economic systens and
transition
VI.Conclusion and Recommendations. 5
VII. References 2
VIII.Project Presentation 5
IX. Presentation Material (PPT Slides /Video) 3
Marker’s Name Total Marks/ Marks Awarded 50
Signature Grade Equivalent
BSIB522 – Philosophy of Business and Wealth of Nations
Direction: Read the following information about your In-Course Project. which listed below
to prepare your research.
Project Guidelines:
In writing the contents of your research paper, consider the following:

Research Paper Structure and Outline:
 Title Page. This contains the name of your project, school year, trimester, and the
members of your group.
 Table of Contents. List the main topics and page numbering of contents.
I. Introduction. This is an (a) overview about the topic chosen. Introduce

the main idea about it . Select any country, Identify which economic
systems applying. (5 marks)
II. Discussion of Your Topic Analysis how the economic systems benficial
to the country you have selected. (10 marks)
III. Evaluate the factors of economic. (15 marks)
IV. Demographic transition. (5 marks)

V. Suggestions to further improvement that country can make on
implementation of best economic systens and transition. (5 marks)
VI. Conclusion and Recommendations. Conclude and evaluate your research
study based on the benefits obtained (3 marks)
VII. References. List down all references used in the project. (2 marks)
VIII. Project Presentation. Create your presentation slides to be used for your
project presentation. If you are not going to actually present your project,
you may pre-record a video presentation in lieu of it). The presentation slides
and video presentation will be forming part of your project and will be
submitted. (5 marks)
Documentation Format:
 All paragraphs must be justified and double-spaced.
 Information can include proper diagram and pictures wherever necessary with table or figure
numbering.
 The entire document should be in Arial 12 pt.
 All section headings must be in Arial 12 pt bold.
 Include this cover page with all the required information from your group. Student signatures
are essential. Do not miss it.
OTHER IMPORTANT NOTES/INSTRUCTIONS:

 This is a group project (maximum of 4 and minimum of 2 members in each group).
 Use this document to work with your project. No project will be accepted without the
coverpage.
 Follow the format as prescribed.
 Submit/Upload the softcopy of your In-Course Project in the Moodle. Upload link will be
provided on or before due date.
 Submit Plagiarism Report together with the ICPC.
 Should you have any inquiries, kindly send me a message.
 Project presentations will be done starting the 12th to 13th Week of the trimester.
Application – Illustration/Figure/Diagram/Drawing (5 & 10 Points Rubric):

9 -10/ 5 All accurate facts/concepts are displayed in the diagram/illustration/ Details/parts (including labels) support the
main idea/ The graphics used represent information appropriately.
7 – 8/ 4 At least 3 accurate facts are displayed in the diagram/illustration/ Detail is added to support each main idea/
Most graphics/parts represent the information appropriately.
4 – 6/ 3 At least 2 accurate facts are displayed in the diagram/illustration / More is needed for understanding/ All
graphics/parts relate to the topic but do not represent appropriately.
1 – 3/ 2 Fewer than 2 accurate facts are displayed/ Very little detail is provided for the main ideas and understanding is
limited/ Graphics/parts do not relate to the topic.
0/ 0-1 Inaccurate facts are displayed/presented/ No details provided for the main ideas and understanding is missing/
Graphics/parts do not relate to the topic.
Essay Questions (50 Points Rubric)

Content (10) Organization (15) Development (10)
Use of Language (15)
Answer is appropriate to the Clear sense of order. Begins with a Develops each point with may Uses technical or scientific
question. Content is factually thesis or topic sentence. specific details. terminology appropriately and
correct. Supporting points are presented Answers question completely. correctly. No major grammatical
in a logical progression. or spelling errors.
Answer is appropriate to the May lack a thesis sentence, but Each point supported with some Accurate word choice. No more
question. Content may have points are presented in a logical details and evidence. than 2 major errors and a few
one or two factual errors. progression. All important points minor errors.
included.
Content relates peripherally Logic of argument is minimally Sparse details or evidence. Ordinary word choice; use of
to the question; contains Question only partially answered. scientific terminology avoided.
significant factual errors. perceivable. Points presented in a Some serious errors (but they
seemingly random fashion, but all don’t impair communication).
support argument.
Content unrelated to Lacks clear organizational plan. Statements are unsupported by Limited vocabulary; errors impair
question. Reader is confused. any detail or explanation. communication.
Repetitious, incoherent, illogical
development.
Part I. Introduction
Malaysia boasts one of the most vibrant economies in South-east Asia, the fruit of
decades of industrial growth and political stability.
Malaysia is a multi-ethnic , multi-religious union of 13 states and three federal

territories consisting of two areas divided by some 640 miles of the South China Sea.
Many Muslim ethnic Malay are politically dominant and benefit from positive
discrimination in industry, education, and civil service, but a significant Chinese ethnic
minority retains economic influence. The societies coexist in relative peace growing
differences of race and religion remain.
The country benefits from manufacturing growth and is a major tourist destination, but
there are concerns that development could harm the environment, particularly
Northern Borneo's rainforests, which are under pressure from palm oil plantations and
illegal logging.
TIMELINE:
Some main dates in the history of malaysia:
14th century-Beginning of Malaysian conversion to Islam.
1826 – British settlements unite Malacca, Penang and Singapore; British start to
establish protectorates over the peninsula's Malay sultanates.
1895 – The Federated Malay States are composed of four Malay states.
1942-45-Occupy Japan.
1948-British-ruled Malayan territory united under the Malaya Federation.
1957-The Malayan Union becomes independent.
1965-Malaysia withdraws from Singapore.
2001 – Singapore, Malaysia, resolves long-standing disputes and agrees to build a new
bridge and tunnel.
2003-After 22 years in office, Prime Minister Mahathir Mohamad steps down.
2018 – At the head of the opposition alliance, Mahathir Mohamad returns to power
after the 1MDB debacle brought down the UMNO group he once headed.
Part II. Country Background :
Malaysia has a mixed economic structure containing a number of private freedoms,

coupled with centralized economic planning and government control. Malaysia is a
member of the Association of Southeast Asian Nations ( ASEAN), the Asia-Pacific
Economic Cooperation (APEC), and the Trans-Pacific Partnership (TPP).
Malaysia's economy is the fourth largest in Southeast Asia after Singapore, Indonesia
and Thailand and the 35th largest economy in the world According to the 2019 Global
Competitiveness Report, the Malaysian economy is the world's 27th most competitive
region.
Malaysia has a fairly transparent and State-oriented newly developed market economy.
The Malaysian economy is highly competitive and diversified with the high-tech goods'
export value standing at US$ 57.258 billion in 2015, the second highest in ASEAN after
Singapore. After Indonesia, Malaysia exports the second biggest amount and value of
palm oil products globally.
Malaysia's wage growth has been very slow, lagging behind OECD levels, amid
government policies to raise its per capita income to accelerate progress towards
becoming a high income nation by 2020. IMF and World Bank academic work has
repeatedly called for structural reforms such as the elimination of the Bumiputera
policies and endogenous innovation to push the country up the manufacturing value
chain to allow Malaysia to escape the current middle income trap. Since central
government revenue was heavily dependent on oil exports, the currency fluctuations
were very unpredictable, notably during the supply glut and oil price crash in 2015.
However, the government stepped up revenue-enhancing steps by implementing a 6
per cent Sales and Service Tax (SST) to eliminate deficits and fulfill federal debt
obligations.
Affirmative steps
Soon after the May 13 incident in 1969, Tun Abdul Razak, who was then the Prime
Minister, introduced the affirmative action agenda called New Economic Agenda. Before
the incident, Malaysia's poverty levels were extremely high (65%) as was the discontent
among races , especially with the Chinese, who controlled 74% of the economy at the
time. The majority of Bumiputeras are granted preference and special privileges through
NEP in housing projects, admission to scholarships and even for the ownership of
publicly listed companies.
The Malaysian New Economic Policy was developed in 1971 to provide Malaysia with a
30 percent share of Malaysia's economy and to eliminate it Among Malays, primarily by
encouraging Bumiputeras to own enterprises. Bumiputra equity ownership in 2010 rose
to 23 percent worth RM167.7 billion against 2.4 percent in 1970, after 40 years of the
system.
The NEP is tasked with establishing an oligarchy and creating a culture of 'subsidy.'
Political parties like Parti Keadilan Rakyat and the Democratic Action Party have
introduced a new policy that will be fair for every Malaysian, regardless of their
ethnicity. When the Democratic Action Party was elected in Penang State in 2008, it
declared it would end the NEP, saying it "... brings nepotism, inequality, and structural
inefficiency."
Wolfgang Kasper, professor of economics at the University of New South Wales and
once an advisor to the Malaysian Ministry of Finance, criticized the NEP, saying that
"NEP handouts (are) making Malaysia lazy, dishonest, and swell-headed. Worst of all, it
holds them low." He also criticized the Federal Government for offering cash handouts
and financial aid, rather than providing fair access to education to benefit the people.
Prime Minister Najib Tun Razak declared on 21 April 2009 the liberalization of the 27
services sub-sector by abolishing the criterion of 30 per cent bumiputera. The move is
seen as the Government's efforts to increase the service sector 's investment
Economics. Many more sectors of the economy should be liberalised, according to the
minister.
On 30 June 2009, the Prime Minister declared further steps towards independence,
including the abolition of the Bumiputera equity caps and the removal of the Foreign
Investment Committee guidelines, which was responsible for controlling foreign
shareholding in Malaysian firms. Nevertheless, any Malaysian companies that wish to
list in Malaysia will also need to give Bumiputera investors 50 percent of the spread of
public shareholding.
Price caps and subsidies:

The government of Malaysia subsidizes and regulates many prices Products important
for keeping prices down. Rates of such items as palm oil, cooking oil, fuel, flour, bread,
rice and other important products have been held at market prices to keep living costs
down. By 2009, subsidies accounted for 22 percent of government spending, with gas
subsidies alone making up 12 percent.
The government has been slowly reforming Malaysia's subsidy system since 2010,
through a series of cutbacks in fuel and sugar subsidies to boost government finances
and increase economic performance. As a result , the government officially ended all
fuel subsidies in December 2014 and launched a 'controlled float' scheme taking
advantage of low oil prices at the time, eventually saving the government approximately
RM20 billion ringgit (US$ 5.97 billion) per year.
Part III. Strategies and factors of technological impact on the

country economy.
Malaysia is an emerging Asian economy that aspires to move on A technology-driven

and high-tech production-based growth trend and thus replicate the experiences of Asia
's newly developed economies (NIEs). In reality, in the category of countries that have
the ability to develop new technologies on their own, Malaysia was categorized (Mani,
2000). Given the 1997 Asian financial crisis, the prospects remain optimistic as no
country in the region has been spared. During the past two decades, rapid technological
growth of the NIEs has attracted the attention of both emerging and developed
economies (Hobday, 1995). Needless to mention, Malaysia and the NIEs are not just In
the same field except for Similar economic systems and trade structures apply to a large
extent. In light of this, Malaysia has a good basis for considering formulating its own
technological growth strategy based on those in the NIEs with appropriate modifications
to match the uniqueness of the economy. Nonetheless, a technical development model
from either of the NIEs is not suitable for Malaysia to import wholesale. This indicates
that there is no single approach that can guarantee effective technological upgrading in
Malaysia, considering that each of these economies has used dissimilar technological
growth routes to make their way into high tech markets. Of course their technology
patterns Technology will need to be adjusted to allow the best possible use of Malaysia
They do. Build on their positive experience in the development of technology Economic
development, the purpose of this study is to provide policy lessons for Malaysia-
Malaysia. The document structure is as follows. Section I consists of Methodology
followed by Section II which analyzes and compares technology Catch-up strategies and
strategic tools which Malaysia is currently using And then the NIEs .
Technological factors which affect Malaysia :
Malaysia is one of the world's most digitally connected societies (Kumar, 2019). Around
80 per cent of its residents have Internet access, mainly via mobile networks. Because of
its strategic location, tech-savvy workforce, and IT infrastructure Malaysia has been a
great place for international tech companies. Many companies are well known in the
region, such as IBM, HP, Intel, Google , Amazon and Cisco. Facebook, Twitter , Pinterest ,
Instagram and YouTube are the leading social media in use in the region.
It is worth noting that Malaysia is expected to become the leading high-tech investment
destination by 2025. The government has also taken a variety of steps to attain that aim.
However, many employers in Malaysia are concerned about the shortage of locally
qualified talent to work and face the demands and challenges of the booming digital
technology transformation (Shah, 2019).
Political factors affecting Malaysia :
Malaysia is a constitutional federal monarchy composed of 13 states and 3 federal

territories. The elected king is the head of state while the head of government is the
Prime Minister. The ruler is elected by the nine Malay kingdom sultans, and that
position rotates every five years (BBC, 2019). Malaysia is a founding member of the
Organization for Islamic Cooperation ( OIC) and ASEAN. It is also a member of both the
United States and the Commonwealth of Nations.
Malaysia is a country with a stable political standing. In establishing and executing its
foreign policies it pursues the ideals of stability and neutrality. It does have maritime
and other disputes with certain regional nations, however. It maintains close relations
with superpower China though much attention has been drawn to disputes with the
latter over the South China Sea. It has been reported, however, that both countries have
signed a series of energy and defense agreements to defuse tensions and take their
relations to 'new highs.'
Corruption, in Malaysia, is a major problem. According to Gabriel (2019), Malaysians are

allegedly required to pay a 'sweetener' to access basic services such as schools, hospitals
and even courts. Recently, with the arrests of some high profile political figures, political
corruption has been at the spotlight. Malaysia ranked 61st out of 180 countries in 2018
on the Corruption Perceptions Index by Transparency International. This indicates the
country is well behind countries like Singapore and Hong Kong, although the rank is
marginally better than the average of Southeast Asian countries.
Part IV. Recommendations and Conclusion :
In the end, Malaysia is one of the best developing countries that seek to catch up with
the developed countries, and it really seeks to do so with all efforts by developing the
standard of living of the citizen there and developing the industry in that country, and
also from the technical point of view, Malaysia is one of the most important sources of
information in The world and the technologies as well, and from that point of view,
which is what we are interested in. In this report, it was reviewed how Malaysia became
from a country enveloped in poverty all over it to a country that all countries consider it
as one of the best investment and technology countries
As for the recommandation
1. Malaysia should try to attract more investors from the technical aspect in particular
2. It is very important to take care of the citizen and raise his efficiency so that he can
raise the state’s competence and make it among the ranks of countries.
3. Attention to the environment. No matter how well a country is in the field of industry
and development, it must take care of the environment and protect its environmental
wealth.
References:
Shuid, S. (2016). The housing provision system in Malaysia. Habitat International,

[online] 54, pp.210–223. Available at:
https://www.sciencedirect.com/science/article/abs/pii/S0197397515302095 [Accessed
27 Nov. 2021].
Regel, Omporn|Salmi, Jamil|Watkins, Alfred|Tan, Hong|Dawkins, John|Saroyan,

Alenoush|Vestergaard, Jakob (2021). Malaysia and the Knowledge Economy: Building a
World-Class Higher Education System. Human Development Sector Reports. [online]
World Bank Publications. Available at: https://eric.ed.gov/?id=ED500482 [Accessed 27
Nov. 2021].
‌
‌
Jereme, Innocent A.;Siwar, Chamhuri;Bhuiyan, Anowar Hossain (2014). Incineration and
its implications: The need for a sustainable waste management system in
Malaysia. International Journal of Environmental Sciences, [online] 4(3), pp.367–378.
Available at: https://www.indianjournals.com/ijor.aspx?
target=ijor:ijes&volume=4&issue=3&article=0 13 [Accessed 27 Nov. 2021].

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College of Administrative and Financial Sciences

Bachelor of Science in International Business

BSIB522 IN-COURSE PROJECT (ICPC)

Total number of pages including this cover page

In writing the contents of your research paper, consider the following:

I. Introduction. This is an (a) overview about the topic chosen. Introduce

IV. Demographic transition. (5 marks)

OTHER IMPORTANT NOTES/INSTRUCTIONS:

Application – Illustration/Figure/Diagram/Drawing (5 & 10 Points Rubric):

Essay Questions (50 Points Rubric)

Malaysia is a multi-ethnic , multi-religious union of 13 states and three federal

Some main dates in the history of malaysia:

14th century-Beginning of Malaysian conversion to Islam.

1948-British-ruled Malayan territory united under the Malaya Federation.

1957-The Malayan Union becomes independent.

1965-Malaysia withdraws from Singapore.

2003-After 22 years in office, Prime Minister Mahathir Mohamad steps down.

Part II. Country Background :

Malaysia has a mixed economic structure containing a number of private freedoms,

Price caps and subsidies:

Part III. Strategies and factors of technological impact on the

Malaysia is an emerging Asian economy that aspires to move on A technology-driven

Technological factors which affect Malaysia :

Political factors affecting Malaysia :

Malaysia is a constitutional federal monarchy composed of 13 states and 3 federal

Corruption, in Malaysia, is a major problem. According to Gabriel (2019), Malaysians are

Part IV. Recommendations and Conclusion :

As for the recommandation

Shuid, S. (2016). The housing provision system in Malaysia. Habitat International,

Regel, Omporn|Salmi, Jamil|Watkins, Alfred|Tan, Hong|Dawkins, John|Saroyan,

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