The brightness of the 1 time buildings of the world is currently telling how it is been transformed into one of the wealthiest nations of the Asia and success stories of Malaysia. The beauty of this Sky-high towers using a celestial backdrop of shining stars in a clear dark night in the far distance, propelled my ideas back into the fantastic old Malaysia where, while Dr. Mahathir Mohammad was criticizing the western capitalism, how cleverly he implemented the open financial plans which made Malaysia to exchange all around the world and its entrepreneurs to become global players. Dr. Mahathir economic Strategy with a clear vision and a mission triggered my thoughts back into my attempt Strategic Post-Conflict Economic Development Initiative as an awareness program to transform to Sri Lanka’s war-ravaged market into one of the South Asia’s greatest.
Dr. Mahathir’s plans are well reflected in his macroeconomic plans by embracing the open economic policies with the realization in mind that the world trend of Globalization and Liberalization is irreversible. We are currently living in an era of Liberalization Globalization and, its software and a deeply imbedded thought in the planet with Malaysia’s economy. This tide of G and L is reinforced and accelerated by the spread of Information Technology, Boeing and Airbus jets and the efficient and better shipping facilities that made the world before. The Prime Minister of Singapore Lee Hsian Long once said far back in the late nineties when he was the deputy Prime Minister, It is much better to embrace globalization and liberalization proactively, at our own pace, than face the prospect of one day being swept away by the floodwaters of rivalry.
Of embracing his realization The globalization and liberalization could have been inherited into him from the plans of former Prime Minister of Singapore Lee Kuna Yew who in his long tenure, transformed Singapore from a sleepy colonial outpost into a booming high-tech enclave and implemented greater open economic policies to take advantage of the Globalization and Liberalization in Singapore’s favor. Now Singapore GNP Is greater than that Great Britain, of its colonizer. It has the world’s busiest port and is a centre for manufacturing and support industries and the third-largest petroleum refiner. And this move from poverty to a lot has taken place. In 1965 Singapore ranked with Chile, Argentina and Mexico but its GNP is four or five times of theirs now. This transformation was handled by lee Kuna Yew whilst maintaining political control. Singapore and Malaysia managed their markets in confronting the trends of Globalization and Liberalization.