[514] Of Malaysia and the American trade deficit
April 14th, 2005 by Hafiz Noor Shams
Did you know, Malaysia ranked 7th as countries that contribute to the American $60 billion trade deficit?
The first place is China’s of course, contributing half of the deficit – $30 billion. Malaysia is attributed with almost $3 billion.
It’s interesting to see how the dots connect. And I wonder, does Malaysia have a trade deficit? I have to look that up.
I do know however, Malaysia has an huge budget deficit to GDP ratio; if I recall correctly, larger than the US. This is one reason why I find Malaysia is weird – in the US, the deficit is giving everybody headache; in Malaysia, almost nobody gives a damn.
Maybe because, the people in Malaysia care more for the establishment of moral police rather than maintaining and improving sound economic performance. Given that, it’s surprising to see Malaysia as one of the tiger economies.
p/s – to all Liverpool fans, aww, shut up and quit telling me that you guys are in the semifinal. Let me be with Ajax…
As such, w00t! Feyenoord lost 1-4 to Den Bosch. Pity Ruud Gullit but w00t! Ajax stays third and is making ground for second place!
pp/s – who am I kidding. Malaysia is an export-oriented country. Trade deficit. LOL!
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