The Malaysian economy is identified for its relative constancy and general development record. Subsequent to an economic boom in the 1970s, Malaysia expanded effectively and transitioned from being a mostly raw materials producer to a chief exporter of manufactured goods, earning it the designation “newly industrialized country.”
It is a major producer and exporter of palm oil and rubber; cocoa and pepper; apparel; crude petroleum and liquefied natural gas; and timber and wood products. Chief markets for Malaysian exports are Singapore, the United States., Japan, and China.
The living cost in Malaysia is remarkably low for a recently industrialized country. Housing, food, and dining out is affordable, and taxes are quite low. The average Malaysian citizen spends around 150 Euros each month on food. Kuala Lumpur city was declared to be the most inexpensive city in the world in terms of food, electronics, clothes, transport, hotel rates and entertainment for Western visitors, in a latest survey of 71 cities worldwide by the Swiss banking giant UBS.
Nearly 50,000 international student are from 100 different countries. The language of communication is English that makes it easy for international students to live and study in Malaysia. International students going to Malaysia must get a student pass. Student can receive this pass by being accepted by the institution. Overseas branch campuses of nearly every leading international university in the world are active in Malaysia. Dual degree program offered by such international universities in Malaysia partnering with universities from the UK, USA, NZ and Australia. Well-known Institutes like Nottingham University, Swinburne University of technology, Curtin University, AIMST University, etc., have their campuses in Malaysia. All these universities having their campuses and offering courses are permitted by the Ministry of Higher Education, Malaysia.