The success of the oil palm in Malaysia. - (:unkn) unknown (My University)
The oil palm was introduced into Malaysia in 1917, from Indonesia. Development was slow until 1960, but since that date Malaysia has become the world's largest producer. This is attributed to the creation of the New Economic Policy after 1969, the activities of the Federal Land Development Authority and the private sector, the development of a local refining industry, government-funded research, and Malaysian industrialization. However, this industrialization is drawing labour away from the plantations, which it is proving difficult to replace. Malaysia will probably also lose its first place as a producer to Indonesia around 2020, though it will probably retain its place as the world's largest exporter, since the internal Indonesian market will probably account for most of that country's production.
The oil palm was introduced into Malaysia in 1917, from Indonesia. Development was slow until 1960, but since that date Malaysia has become the world's largest producer. This is attributed to the creation of the New Economic Policy after 1969, the activities of the Federal Land Development Authority and the private sector, the development of a local refining industry, government-funded research, and Malaysian industrialization. However, this industrialization is drawing labour away from the plantations, which it is proving difficult to replace. Malaysia will probably also lose its first place as a producer to Indonesia around 2020, though it will probably retain its place as the world's largest exporter, since the internal Indonesian market will probably account for most of that country's production.
Keywords: economic policy; exports; Malaysia; palm oils; production; trends; Economic policy; Economic policy; Exports; Exports