[Common Interest] Macroeconomics and Political Economy

晴儿

m'sia is in mid income trap and our economy is mostly driven by manufacturing exports.
pr ...
HachiRoku 发表于 2011-9-5 05:54 PM

   
yes
our economy actually started booming after indepence, however, now we are still in midst of developing country
in South East Asia, we are only after Singapore
however, we are still poor
so the politics does matter to our economy

Look at China
After the reform and open policy, China has been developing its economy
actually if one country wants to be developed country
it needs to start from simple industry
for instance like South Korea, it starts the fashion, toys, simple products first
after that export to develop countries
attract FDI (foreign direct investment), when you want to develop your country, u need money. however, since u are a poor economy and don't have much money, so u need to 'use" other countries' money by attracting them to set up factory in your country because of the cheap labor.
earned money, use the money to upgrade its economy, such as provide training to workers, or invest in education
and the society has been upgraded to manufacturing economy, and so as the economy situation now

China's labors are no longer cheap comparing to the past as the RMB has been appreciated
thus lot of factories they start to shift their factories to Indonesia, Vietnam etc
Malaysia's labor cannot be considered as cheap labor
yet our economy is not so well-developed

qiing04

God I thought I'm very interested to Econs but after reading all the post in this thread, I doubt my interest :O
I'm still a foundation student, still wondering should I choose accounting or econs :/
Hmm, have u taken any Finance subject? Mind to share bout it?

jiayupeach

i am grad frm economic and finance, ard 2 yrs... i m not longer a student. sad.

elijahhee

China is only great in GDP but not GDP per capita. The GDP per capita is only like some of those Carribean and African countries. The big cities are like Europe and America but the kampungs are like Africa

晴儿

i am grad frm economic and finance, ard 2 yrs... i m not longer a student. sad.
jiayupeach 发表于 2011-10-14 11:08 AM

   
Hello Econ grad
I will be graduated in May 2012
now doing Final Year Project

Can share with me what kind of job have you found for a econ grad?
It seems that Econ grad is hard to found a economic relevant job as the demand in market is not high
however, there are a lot of finance job
but, personally, I do not like finance :X

晴儿

God I thought I'm very interested to Econs but after reading all the post in this thread, I doubt my ...
qiing04 发表于 2011-9-19 01:51 PM

   
Hi, economic concerns about the welfare of a country(Macro) or a firm(Micro)
usually, from the standpoint of view of a firm, it cares more the profit-maximization, and thus accounting plays a very important role

If you like maths and calculation, I advise you to take accounting instead, as it is easier to find job in the market

Finance comprises a lot of component, like Forex (foreign exchange), shares, etc....

I took 1 finance subject which is Financial Economics, that one is more concerned about the shares, forward/spot contract, bond etc...
nt really interested in those financial tools as it's quite bored to me :X
and I do not want to work on financial area as it's quite competitive and stressful :X

MapleQueen

L.Z.... u study master or degree?what is ur FYP title?mind to share?

MapleQueen

L.Z.... u study master or degree?what is ur FYP title?mind to share?

123henney321

thanks for sharing! learned something

天義

i would like to know is it our country's economy going poor ? with the recently economic problems in western-countries ,  i do worry MY be affected so much . a few month ago when i was a student , my tuition teacher told me that it will be  going to happen "金融风暴" , after every 3 years . should i trust him =_= ? altought i found him a litter bit radiculous ...