In view of the challenges arise from the globalization effects, it is important for the Government to sustain growth and strengthen the macro-economic fundamentals within the country.
Trade barriers Impact: 4. Tariffs on a wide range of products have been drastically reduced and Asean manufacturers have to be factored into competitive analysis. Have you read? Shares of Malaysia, Indonesia and Philippines have all shrank.
External market pressure has already prompted tightening by central banks that may otherwise have kept policy unchanged, including in India, Indonesia, Turkey and Argentina.
Ideally the economy should move ahead gradually and grow at a steady manageable rate. Get Essay This is done by focusing on domestic business and industrial activities and increasing the purchasing power of our population.