What is GDP ?
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.
But for me, I always love to use Gross Domestic Product (GDP) as a comparison of a country's economy, how you do it, is take the
GDP of a country then ratio it with the population then you will get the quality per person that will contribute to country's GDP
in that way you will get the quality of a people by different country with different population. For example, we take Singapore and Malaysia.Singapore
Population: 5.399 million (2013) World Bank
Gross domestic product: 297.9 billion USD (2013) World Bank
Malaysia
Population: 29.72 million (2013) World Bank
Gross domestic product: 313.2 billion USD (2013) World Bank
Gross domestic product: 313.2 billion USD (2013) World Bank
by just simple mathematics thinking, you know that, even Malaysia with 30 million population was easily defeated by Singapore GDP's by only 16 billion USD, with ONLY 5.4 million population. Quality over quantity, quality always first, mate. I am sorry, since i'm busy, one day perhaps I will go more deeper about economy theory, and also more on the specific of "Why I use Gross Domestic Product as a medium to compare country's economy".
but for now guys, I really gonna skip topic, and wanted to say a few last thing on how to transform Malaysia into robust economic country. Which means
In economics, robustness is attributed to financial markets that continue to perform despite alterations in market conditions. In general, being robust means a system can handle variability and remain effective.
First of all,
New Market, New Medium
I know it seems impossible to transform our current financial "fashion" into the old age "gold coins" or "barter system", but to be honest "gold dinar" is the best way to create a new market and to leave behind the "capitalism" financial market, which are unstable, monopolised by the richest, and anyone that holds majority share in the market, running the market, in and out, as a legitimate "trader syndicate".
Gold Dinar, is basically a barter system, which uses gold coins, and why using gold, would promote a better and more stable monetary system is because if you compare Gold Dinar to paper-money, it can be controlled by an organization, unlike Gold, it is a very limited item compared to paper. You can try check out
Muammar Gaddafi (Libya's ex-Prime Minister) plans to create a gold dinar market;
Gaddafi’s Gold-money Plan Would Have Devastated Dollar
and also from BBC News denying the credibility of Gold Market, that can't be monopolised;
click here>>
Gold v paper money: Which should we trust more?
Second of all,
Eco-tourism
Building a new platform of eco-tourism, bringing eco-infrastructure into the malaysia forest-territory, which Malaysia are rich with biodiversity, and the advantages of having tropical forest. For fun fact,
About two thirds of Malaysia is covered in forest, with some forests believed to be 130 million years old. The forests are dominated by dipterocarps. Lowland forest covers areas below 760 m (2,490 ft), and formerly East Malaysia was covered in such rainforest, which is supported by its hot wet climate. There are around 14,500 species of flowering plants and trees. Besides rainforests, there are over 1,425 km2 (550 sq mi) of mangroves in Malaysia, and a large amount of peat forest. At higher altitudes, oaks, chestnuts, and rhododendrons replace dipterocarps. There are an estimated 8,500 species of vascular plants in Peninsular Malaysia, with another 15,000 in the East. The forests of East Malaysia are estimated to be the habitat of around 2,000 tree species, and are one of the most biodiverse areas in the world, with 240 different species of trees every hectare. These forests host many members of the Rafflesia genus, the largest flowers in the world, with a maximum diameter of 1 m (3 ft 3 in).click>> Malaysia ranked 2nd, after China, in Asia and the Pacific (International Tourist Arrivals) well played !! reference@World Tourism Organization (WTO)
as we all know, beside only depending on natural resources, industry, services and agriculture as our income, tourism is a new platform for the country's earning in the 21st century. For example, the California state in U.S;
Total direct travel spending in California reached $96.7 billion in 2008, a 0.8% increase over the preceding year.[23] Los Angeles County receives the most tourism in the state.[23]
EXTRA INFO :
The Most Popular States For American Tourists
Third of all,
Entrepreneurship
Increase the probability of creating entrepreneur. Inspire, educate, and grow entrepreneurship inside the malaysian soul since they are young.
"Entrepreneurs are frequently thought of as national assets to be cultivated, motivated and remunerated to the greatest possible extent."
Last but not least,
"Entrepreneurs are frequently thought of as national assets to be cultivated, motivated and remunerated to the greatest possible extent."
Entrepreneurs are the pioneers, and the root of a country's economy, they founded the industry sector, the idea, and the creativity. In 1980's, Tun Dr. Mahathir Mohamed once had those vision, founded Proton Holdings Berhad, a semi-government company, to increase the economy, by creating affordable transportation for the people, and pushing malaysian forwards, by founding vehicle industry as one of the essential industry in the 21st century to come.
Even for now Proton, it still predominantly reliant on domestic market, but surely soon, I believe, if Proton push itself a bit forward, becoming a high-end car manufacturer, we could penetrate the international market.
The National Car Project was approved by the Cabinet in 1982, leading to the founding of Proton on 7 May 1983. It was wholly owned by the government of Malaysia through Khazanah Nasional at its creation. It was headed by its founder, Dr. Mahathir.
Last but not least,
click
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