Recently , Malaysia economy had face an economy downturn due to the economy problem in United States. But Malaysia economy downturn is not bad as the United States. Actually when United States having big problem on with their economy , it can affect all over the world because when any country want to trade, buy, or sell petrol, they are using dollars currency so it has give impact to a lot of countries. So , actually this is a normal problem in this world.
In economics , there is a phrase , Economic Recycle. Whatever happens in any country on their economy there will be an economic recylcle. Usually the economic recyle takes 9 – 10 years to happen. Malaysia has face a big problem in the economy during 1997 and this years it happen again but not as bad as 1997. Why all of this happen ?
Malaysia main profit is from the exportation . Our country main exportation is the petroleum and the big importer for Malaysia’s petroleum is the United States. When United States economy are going down badly it affects our country exportation. United States didn’t have a lot of money to buy Malaysia’s petroleum in such a high price. Therefore , Malaysia has reduce the oil price to a very low price and its good for the Malaysian but there are still some people said that the actual price that Malaysia sells to the trader is much lower than the price Malaysia sets to the Malaysian.
Why do they have to complain about that ? Because if the oil price that sets for the Malaysian people are lower than now. Probably our country will have a big problem , the government will facing a big loss. Thats why the government has set the oil price for Malaysian higher than the actual price. So that the government will get some profits from the Malaysian. Let say Malaysia set the price more higher to sell to the United States , but then they could not buy as much as the government expected. And let say if the government had set the price for Malaysian are same with the actual price, the government will have no profit ..
No profit , no money and no development !! Do you want that ? Don’t just keep blaming the government. Use your brain wisely.. Haha !!
P/S : Later i will post about , why is the United States having a bad economic problem.
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