Malaysia's Reliance on Foreign Investment Shaping Economic Development in ASEAN.
The Malaysian government works with private sectors to boost industrialization and achieve its Vision 2020 goal. Foreign direct investment (FDI) plays a crucial role in Malaysia's development. The country's heavy reliance on FDI is influenced by market power, not just government decisions. Malaysia follows successful FDI promotion policies of neighboring countries. The government's approach to FDI is analyzed from different economic perspectives in this paper.