Contribution of palm oil value-added products to the Malaysian economy and the world. - (:unkn) unknown (My University)
The paper discusses the contribution of palm oil value-added exports to the Malaysian economy during the period 1970-94. Palm oil value-added increased at an annual growth rate of 18.9 which is higher than the overall agricultural sector (4) as well as the economy as a whole (7.1). The sub-period 1971-80 was the most dynamic decade of palm-oil value-added development during the overall period studied. Palm oil value added products contributed about 8% to total GDP in 1994. Trade protection measures have meant that importing countries have gained more than Malaysia, but the conclusion of the Uruguay Round is expected to lead to a fairer distribution of value-added welfare gains among consuming and producing countries.
The paper discusses the contribution of palm oil value-added exports to the Malaysian economy during the period 1970-94. Palm oil value-added increased at an annual growth rate of 18.9 which is higher than the overall agricultural sector (4) as well as the economy as a whole (7.1). The sub-period 1971-80 was the most dynamic decade of palm-oil value-added development during the overall period studied. Palm oil value added products contributed about 8% to total GDP in 1994. Trade protection measures have meant that importing countries have gained more than Malaysia, but the conclusion of the Uruguay Round is expected to lead to a fairer distribution of value-added welfare gains among consuming and producing countries.
Keywords: exports; Malaysia; palm oils; trends; value added; Exports; Exports; Value added