Malaysia is currently the world's 11th most preferred study destination. According to UNESCO, Malaysia has captured a 2% market share of international students in the fast growing private education sector. With a population of 27.9 million in 2009 and more than a million Malaysian students in tertiary education, Malaysia also accommodates more than 80,000 international students in the beginning of 2010.

Higher education opportunities are abundant for international students at an affordable cost. All students are welcome to come learn in a country of great diversity, rapid economic development and people living in peace and harmony!

Malaysia is the world's 11th most preferred study destination.

Recognising the potential of the country to become an education hub, various measures have been taken to promote Malaysia as a centre of excellence for education. These include establishing Malaysia as a higher education mobility hub for international students, deploying effective marketing strategies, and setting up Malaysian Higher Education Centres in selected cities worldwide.

In addition, high impact projects have been developed to cater specifically for education, for example, Kuala Lumpur Education City (KLEC) and Iskandar Malaysia's EduCity in Nusajaya (Johor) that offers tailored-made programmes for international students.

The Economy of Malaysia Transformation

When the nation first gained independence in 1957, the economy was completely dependent on rubber and tin. However, our ability to transform the economy since the 1970s has turned it into one where the industrial and services sectors contribute almost 90% to the Gross Domestic Product (GDP). The per capital GNP for 2009 is RM23,115 (USD6,600) and the unemployment rate was estimated 3.7 in the month of June 2010.

Over the years, Malaysia has also become more efficient and competitive globally. Malaysia is ranked the 24th most competitive economy in the world out of 133 economies / countries surveyed, according to the Genevabased 'World Economic Forum's Global Competitiveness Index 2009-2010'. This index is based on 12 pillars of competitiveness and productivity, i.e. institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market sophistication, technological readiness, market size, business sophistication, and innovation.

In the World Bank report titled 'Doing Business 2010' with the objective of ranking economies on their 'ease of doing business', Malaysia emerged as the 24th most business-friendly nation in the world out of the 181 economies/ countries surveyed during the period from June 2008 to May 2009. .

Malaysia is the 35th most globalised country in the world, according to the KOF Index of Globalisation 2010. This Index measures the country's economic, social and political dimensions of globalisation. Globalisation is a reflection of what extent a country's economy, society and cultures have become integrated, connected and interdependent through a global network of communication, transportation, and trade.

Kuala Lumpur is still among the least expensive cities in terms of cost of living when compared with other major Asian cities, according to the Cost of Living Survey by ECA International for 2010.

KL is the 31st most expension location within Asia, out of the 50 Cities Surveyed.

Malaysia was ranked 37th in the 'Best Countries in the World' survey by the US international magazine, Newsweek. Five criteria were used to rank the country i.e. health, economic dynamism (the openness of a country's economy and the breadth of its corporate sector), education, political environment, and quality of life.

Malaysia is the world's 10th most-competitive trading nation exporting its products and services to countries all over the world. It trades with over 200 economies across the globe and the country's total trade is expected to exceed the RM1 trillion mark in 2010.

Malaysia is the world's 10th most-competitive trading nation exporting its products and services to countries all over the world.

Malaysia produces and exports natural and manufactured products such as :

•    Electrical and electronic products
•    Natural Rubber
•    Palm oil and palm oil-based products
•    Liquefied natural gas (LNG)
•    Crude petroleum
•    Petroleum Products
•    Timber and Timber-based products
•    Articles of Apparel & Clothing Accessorie

It also stands out as one of the world's largest producers of palm oil, natural rubber, tin, timber, cocoa beans, pepper and liquefied natural gas. As such, Malaysia truly lives up to the status of one of the most developed nations in the southeast Asian region.

Fast Economic Recovery

As an indicator of a strong economy, Malaysia's international reserves was RM310.6 billion (US$95 billion) as at 30 July 2010 - sufficient to finance 7.9 months of retained imports and is 4.4 times the short-term external debts.
Malaysia achieved a GDP growth rate of -1.7% in 2009 but bounce back to 10.1% and 8.9% in first and second quarter of 2010 respectively. The per capita income of Malaysians has increased significantly, from a mere RM1,132 33 years ago in 1970 to RM23,567 in 2009 and is now ranked among the highest in this region. In 2009, the trade surplus showed a record of RM118,355 million. This is the eleventh year of consecutive trade surplus since 1997. The trade surplus continues into 2010. As of June 2010, the trade surplus was RM62,356 million. The growth rate for 2010 is expected to expand at 6.8%.

Doing Business in Malaysia

The private sector in Malaysia has become partners with the public sector in achieving the nation's development objectives. The Malaysian government maintains a friendly business environment with opportunities for growth andprofits for business investors. These have made Malaysia an attractive and stable investment base in the region.

Malaysia is the 24th most business-friendly nation in the world.

Foreign Investment in Malaysia Education

Increasingly, Malaysia is becoming a preferred country for foreign investment in the higher education sector. There are six (five) foreign university branch campuses in Malaysia at present and more are expected to be established in the near future. The government welcomes foreign universities to establish branch campuses in Malaysia, particularly in Iskandar Malaysia and KLEC. Investors will be offered incentives including tax exemptions when setting up their branch campuses here. Malaysia believes that partnerships with foreign universities yield a winwin outcome for both parties.

Sources: http://www.studymalaysia.com/education/art_msia.php?id=betterchoice

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