The international balance of payments surplus--Assignment代写范文

Assignment代写范文:“The international balance of payments surplus”，这篇论文主要描述的是在这个任务中，我将讨论开放和自由的贸易体制的维护，健全的宏观经济管理来解决内部和外部失衡和长期调整的政策来解决供应方面的僵化，使马来西亚在过去四年里实现经济的快速增长，随着宏观经济的稳定和社会的进步，马来西亚对外贸易的频繁，逐渐平衡了国际贸易收支的顺差。

In this assignment, I'm going to discuss the maintenance of an open and liberal trading regime, sound macroeconomic management to address internal and external imbalances and longer-term adjustment policies to address supply-side rigidities enabled Malaysia to achieve rapid economic growth over the past four decades, with macroeconomic stability and social progress and given my own value judgment.
Economic Growth
Economy growth is an increase in the capacity of the economy and hence to increase the national income. GDP or GNP per capita will be take into consider for measure an economic growth. Growing economic has more goods or services available for consumer. An economic real output compared from one period to another period with an increasing.
(Alain, 2000)
Example
The latest data for Malaysia's economic growth at 4% during the first half of 2011 compared the year before with 9.6%. The moderation has been particularly striking on the trade. The domestic demand has remained steady for 2011. The second quarters of 2011 4.0% had growth, but the upside surprise was almost due to an unexpected large inventory accumulation. Therefore, the inventory accumulation was revised up for the first quarter as well so the upward for first and second quarter are similar foundations. It's possible to force to increase the imported components for Malaysia companies and the additional stock of more valuable semi-completed manufacturing goods, also for partly in electronics sector. We should see an opposite development over the next six months if there is reacceleration in inventory buildup during the first half of 2011.
(Malaysia Country Monitor, 2011)
Justification
GDP grew an impressive 7.2% in 2010 the best performance in a decade. Import growth meant that net export were not as powerful a growth driver as domestic demand. The government can much improve the labor income to decline unemployment, improving confidence, and low prices all the contributed to the growth in household spending. If the both public and private investments contribute better it will helps to increase the economics percentage. When the government increase the infrastructure project, the people will able to work and the unemployment rate will be reduce. The Malaysian companies and government can increase the volume of export therefore the increase of net property income from abroad will be raised.
Price Stability
Price stability is the average of the choice for price-level stability and low or zero inflation measured about the price index. An economy doesn't change much over a period for the prices. The price stability have maintained in the medium term.
(Nber, 2001)
Example
This year promises price stability for Malaysia's crude palm oil (CPO), tin, rubber, timber and cocoa, taking the cue from the highly anticipated increase in the prices of most global commodities led by crude oil and gold. Analysts are speculating that crude oil will average about US$80 per barrel, while gold is expected to hit a record US$1,400 an ounce. Palm oil prices have advanced 53% at an average RM2, 300 per tones in 2009 as investors bought commodities as a haven away from a weak dollar. Palm oil production this year is expected to reach 18 million tones, with an opening stock of about two million tones.
(The Star, 2010)
Justification
The price stability helps to improving the transparency of the price mechanism. Therefore the under price stability people can recognize changes in relative prices and without the being of confused by changes in the overall price level. This might help to make well-informed consumption and investment decisions and to allocate the resources more efficiently. Monetary policy may help government to control the inflation so in order to maintain the price stability. The government can remain steady rate of money supply in the long run growth of the real output. The future value of savings and the future returns on investments are preserved. This gives people to the incentive to save while investors have greater confidence to undertake product activities. Increase of investment leads to have an increase in the productive capacity.
The palm oils price stability also helps to contributing and stabilizes the financial stability.
Employment
There the available labor resources are being used in the most economically efficient way. Therefore full employment embodies the highest amount of skilled and unskilled labor that could be employed within an economy at any given time.
(Investopedia, 2012)
Example
In line with the increase of population in labor market, the number of employed increased about 1.8 percent that is 220,900 persons to 12.55 million persons, while the number of unemployed person fell by 5.4 percent to 380,400 persons. This situation contributed show decline in the unemployment rate by 0.3 percent to 2.9 percent in March 2012. The unemployment rate is 0.1 percent lower compare with March 2011.
(Statistics Malaysia, 2012)
Justification
The unemployed rate fell I think is while the labor force increased about 1.8 percent but only dropped for 0.3 percent to 2.9 percent the percentage seen less. 2.9 percent in also equal 380,400 persons it also a huge number of persons are still unemployed. The unemployment is still a problem of Malaysia because the unemployment rate is almost same between past few years. Therefore, the important thing is the labor force growth higher than overall population. As the generally the labor force growth higher in also contribute the GDP and GNP per capital a bit higher. The government may expand employment opportunities by invest more manufacturing industries that require skilled labor. Unemployment and employment rate are the issues that government need to be concern because it will be affect the economics of the country.
Balance of Payment Surplus
Which payments made by the country is less than payments received by the country this makes an imbalance in a nation's balance of payments. This also called a favorable balance of payments because it's considered more currency is flowing into the country than is flowing out. Therefore an unequal flow of currency will expand the supply of money in the nation and subsequently cause a decrease in the exchange rate relative to the currencies of other nations. It also defines that the country's export more than import.
(Econguru, 2012)
Example
Malaysia' s balance of payments reverted to a MYR4.4bn (US$1.3bn) deficit in Q307, after recording a MYR33.8bn (US$10.3bn) surplus in Q207, as the country' s financial account slipped from an inflow of MYR7.7bn (US$2.3bn) to an outflow of MYR30.9bn (US$9.4bn). This highlights Malaysia's vulnerability to deteriorating external factors. However, with foreign reserves in excess of US$100bn, and a current account remaining in healthy surplus, Malaysia's external position still remains secure. Annual export growth slowed to 5.8% in November 2007, down from an 11-month high of 14.2% in October. While electrical and electronic products remained the largest source of export receipts during that period, earning MYR243.1bn (US$73.9bn) and accounting for 44.1% of total exports, the sub-sector nonetheless continues to underperform. Palm oil and palm oil-based products, which were the second largest export revenue earner during the January-November 2007 period with a total combined value of MYR40.5bn (US$12.3bn) 7.4% of total exports.
(Asia Monitor, 2008)
Justification
Malaysia has reminds in healthy surplus the financial account from an inflow RM 7.7billion to an outflow of RM30.9billion. Electrical & electronic products I think that already earned for quite high that's RM 243.1billion during the periods therefore I feel the palm oil and palm oil-based products still can be slightly increase to 10% of the total export because of Malaysia is standing second rank country of palm oil production. The Malaysia Palm Oil Board said that if the forecasting in the most important issue to produce palm oil. If the people reduce the pollution of the environment in Malaysia the palm oil definitely will help to have more chance to produce palm oil. The palm oil production increase will also increase the total export of our country. Balance of payment can be increase by export is more than import.
Conclusion 结论
I had successfully discuss all the maintenance of an open and liberal trading regime, sound macroeconomic management to address internal and external imbalances and longer-term adjustment policies to address supply-side rigidities enabled Malaysia to achieve rapid economic growth over the past four decades, with macroeconomic stability and social progress and given with my own value judgment.

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