The Arrival of the Malays
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1 The Role of Multinational Companies in Southeast Asia: Case Study of Malaysia Syed Shahab Uddin A thesis submitted to the Federal Urdu University of Arts, Sciences and Technology for the degree of Doctor of Philosophy in International Relations Research Supervisor Dr. Syed Waseem Uddin Associate Professor Department of International Relations, FUUAST Department of International Relations, Federal Urdu University of Arts, Sciences and Technology Abdul Haq Campus, Karachi. 2 Dedicate to Dr. Mahathir Bin Mohammad Former Prime Minister of Malaysia Who Sketched the Golden Economy of Malaysia . 3 List of Tables 2.1 The temperature of selected Malaysian states. 2.2 Quantities of Malaysian ethnic in the selected regions. 2.3 Chinese population in various towns. 2.4 Population and area which estimated on 2002. 2.5 State wise population which according to census of 2000. 2.6 The national account from the year 2001-2003. 2.7 Federal budget (RM) from 2000 to 2002. 2.8 Development expenditure of federal government of Malaysia from 2000 to 2002. 2.9 Major crops of Malaysia which mentioned from 2000 to 2002. 2.10 Malaysian agriculture production from 1991 to 1995. 2.11 Mining activity for copper, iron, silver, and gold from 1991 to 1995. 2.12 Malaysian production figure from 2000 to 2002. 2.13 Percentage of employment sector wise from 1993 to 1995. 4 2.14 Malay participation in commercial and industrial activities from 2000 to 2002. 2.15 Chat of foreign investment (US$ Billion) from 1990 to 1995. 2.16 Figures (RM million) of external trade of Malaysia of the year 2005. 2.17 Performance of Kuala Lumpur stock exchange (RM Billion) from 1993 to 1996. 2.18 Major listed companies (M$ billion) on the Kuala Lumpur stock exchange in the year 1996. 2.19 Leading Malaysian telecommunication companies listed in Kuala Lumpur Stock Exchange. 3.1 World’s 500 largest Multinational Companies. 3.2 Top 100 MNCs industry composition wise. 3.3 World’s leading multinational companies of 1997. 3.4 Top 100 Economies and multinational companies in 1998. 3.5 25 largest European multinational companies in 1999. 3.6 World’s 500 largest multinational companies in 1999. 3.7 The 25 largest developing and emerging market of 1999. 5 3.8 The regional and distribution Flows of Private Foreign Direct Investment in Developing Countries. 3.9 Inflow and out flow of FDI between developed and developing countries. 3.10 Flow of Financial Resources to Developing Countries from Industrial Countries from 1960 to 1978. 3.11 Largest motors Vehicle companies. 3.12 Global distribution of assets of the World’s leading automotive multinational companies. 3.13 Collected payments of royalties and license fees from the developed countries from 1980-1997. 3.14 The royalties and license fess receipts from 1982-1998. 3.15 R&D expenditures of US affiliated MNCs from 1982-1998. 3.16 Largest Canadian multinational companies in 1999. 3.17 25 largest Japanese multinational companies in 1999. 3.18 World export and developing export from 1980 1999. 3.19 25 largest U.S multinational companies in 1999. 3.20 Inter industries trade between developed countries. 6 3.21 Share of import of selected developed countries in 1990. 3.22 World largest economic units with public balance sheets. 3.23 FDI Inflows and Outflows by Region, from 1970-1980. 3.24 The Malaysian share capital holder from 1971-83. 3.25 The Malaysian economic system and the government policies and institutions. 3.26 The foreign investments in projects by tax incentive of Malaysia. 3.27 Sales destinations of US and Japanese investment in Malaysia, in the year of 1973 and 1977. 3.28 Inflow of foreign investment ratio in Malaysia from 1981 to 1995. 3.29 The Malaysian foreign investment country wise in 1983. 3.30 The ration of foreign investment from 1986-1993 in Malaysia. 3.31 Ratio of foreign investment in Malaysia by industry from 1981 to 1990. 4.1 Tin Production in Malaya and rest of the World 1870s-1920s. 4.2 Employment by occupation and race 1970. 4.3 Degree of urbanization by ethnic group from 1970 to 1975. 4.4 Growth of Indian Population in Malaya from 1871to 1941. 7 4.5 Approximate collective individual incomes by Race 1957. 4.6 Student enrolment in each faculty at the University of Malaya by Race in 1962-63 sessions. 4.7 Educational level by ethnic group. 4.8 Production of tin-in-concentrates by country ('000 metric tonnes) from 1929 to 1982. 4.9 Total graduates by community group (1959 to 1970). 4.10 The mean incomes of households by ethnic group 1957 to 1970. 4.11 Membership of registered professionals by ethnic group 1970. 4.12 GDP per capita, sectoral shares of GDP and Urbanization by state, 1970. 4.13 Malaysia and Singapore: ethnic composition of population, 1970 (thousands). 4.14 Growth of Chinese Population in Malaya from 1871 to 1941. 4.15 The Immigrant and Malay Population in the Straits Settlements in 1871. 4.16 Public development expenditure under the First and Second Malaysian Plans. 8 4.17 Proportion of population which is poor by sector Percentage wise from 1970 1990. 4.18 Peninsular Malaysia: Households in poverty by Race 1970. 4.19 Mean household incomes of Peninsular Malaysia of 1970. 4.20 Communal composition of land ownership in Kuala Lumpur of 1968. 4.21 Communal composition of share capital ownership in limited companies in West Malaysia 1969. 4.22 Growths in money supply and prices in percentage of Malaysia from 1972 to 1990. 4.23 Energy prices US$ per liter in Malaysia from 1973 1981. 4.24 Selected socio-economic targets of the New Economic Policy from 1970 to 1990. 4.25 Incidence of poverty from 1957 to 1985 and targeted 1990. 4.26 Ownership of the corporate sector of Malaysia from 1971 to 1990. 4.27 Percentage distribution of output of tin-in-concentrates by mining method in selected countries in 1978. 4.28 Composition of gross domestic products and employment from 1970 to 1990. 4.29 Malaysia’s income distribution of selected years (1970 to 1990). 9 4.30 Mineral Production of 1961. 4.31 Distribution of Factories by States in 1959. 4.32 Shares of total exports by sector of origin percentage wise from 1980 to 1990. 4.33 Malaysian population and labour force from 1980 to 1990. 4.34 Mean monthly gross household incomes (1995 and 1999). 4.35 Composition of foreign trade of Malaysia, 1971 (million US$). 5.1 Sector wise shares of GDP in selected Southeast Asian countries from 1970 to 1998. 5.2 Net Private Capital Flows in Five Asian Economics from 1996 to 1998. 5.3 Total Factor Productivity (TFP) Growth Comparison of selected Southeast Asian countries. 5.4 Capital Flows to GDP ratios, by Types of Flows and by Country. 5.5 FDI Inflows to East Asia, from 1990 to 1998 (Millions US$; % of total). 5.6 Gross Domestic Saving and Investment in 1996. 5.7 Outward Direct Investment by Japanese Firms in selected Southeast Asian Countries. 5.8 Distribution of Debt in 1996 in selected Southeast Asian countries. 10 5.9 Return on Equity of the Non-financial PLCs, 1990-1997 in selected Southeast Asian countries. 5.10 Foreign Ownership of the Publicly Listed Companies in selected Southeast Asian countries. 5.11 Annual Growth Rates of Real Gross Domestic Product Per Capita, 1973-96. 5.12 Bank Lending, Corporate Bonds, and Equity Markets in 1997 in selected Southeast Asian countries. 5.13 Life expectancy in selected East Asian and other countries. 5.14 Adult literacy rate in selected Southeast Asian and other countries. 5.15 Means of Enhancing Control in the Publicly Listed Companies in selected Southeast Asian Countries. 5.16 Control of the Publicly Listed Companies in 1996 in selected Southeast Asian countries. 5.17 Agricultural Export and Import Value among Japan, China and Other Countries in 2000. 5.18 Share of Agriculture in GDP, Export, Import and Employment in ASEAN, 2000. 5.19 Percentage Change in Gross Domestic Product in East Asia, 1996-2001. 11 5.20 Summary of Macro-economic Statistics for Malaysia, 1995-2005. 5.21 Debt-Equity Ratios of the Corporate Sectors, 1990-1997. 5.22 Real Economy indicators for Malaysia. 5.23 Ownership Composition in 1997 in selected Southeast Asian countries. 5.24 Financing of the Non-Financial Publicly Listed Companies in selected Southeast Asian countries. 5.25 Ownership Concentration in selected Southeast Asian countries. 5.26 Financial Indicators 1996-99. 5.27 The First Year when the Share in Value Added Became Higher than The Threshold Percentage. 5.28 The First Year when the L-Sector Share in Value Added Became Lower than The Threshold Percentage. 5.29 Top Ten Commodities that ASEAN Countries Exported to Japan, 1996- 2000. 5.30 Under five mortality rate in selected East Asian and other countries. 5.31 Top Ten Commodities that Japan exported to ASEAN Countries, 1996- 2000. 5.32 Total Trade (Exports plus Imports) and Regional Breakdown of East Asian Trade, Average for 1990-1998. 12 5.33 Simple Average Applied Tariff rate in selected Southeast Asian countries. 6.1 Ranking in doing business in Malaysia in 2009. 6.2 World Bank report of Ease doing business in Malaysia in 2009. 6.3 Net FDI in selected East Asian Countries including percentage of GDP from 1990 to 1995. 6.4 Corruption rank of comparable Southeast Asian and selected countries. 6.5 Net capital flow of Malaysia from 1972 to 1985. 6.6 Frequency distribution of tariff rate imposed by Malaysia from 1978 to 1983. 6.7 Energy indicator of Malaysia intensity in GDP, from 1985 to 1993.