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This is a timeline of Malaysian history, comprising important legal and territorial changes and political events in Malaysia and its predecessor states. To read about the background to these events, see History of Malaysia .
To rejuvenate the economy, massive government spending was made and Malaysia continuously recorded budget deficits in the years that followed. Economic recovery has been led by strong growth in exports, particularly of electronics and electrical products, to the United States, Malaysia's principal trade and investment partner.
Manufacturing has a large influence in the country's economy, [221] although Malaysia's economic structure has been moving away from it. [222] Malaysia remains one of the world's largest producers of palm oil. [223] Tourism is the third-largest contributor to Malaysia's GDP, after the manufacturing and commodities sectors. [224]
Malaysia was plunged into a week of political crisis following the unexpected resignation of 94-year-old Mahathir Mohamad as prime minister on Monday, Feb. 24. Mahathir's move fractured a ...
Politics of Malaysia takes place in the framework of a federal representative democratic constitutional monarchy, in which the Yang di-Pertuan Agong is head of state and the Prime Minister of Malaysia is the head of government. Executive power is exercised by the federal government and the 13 state governments.
The objective was achieving economic growth, while ensuring that accrued benefits reached all sections of society. [1] The National Development Policy replaced the New Economic Policy (NEP) in 1990. The Malay share of the economy, though substantially larger, was not near the 30% target according to government figures.
In early 2020, Malaysia faced a political crisis, [21] concurrent with the COVID-19 pandemic, leading to political, health, social, and economic disruptions. [22] [23] The 2022 general election resulted in Malaysia's first hung parliament, leading to Anwar Ibrahim's appointment as Prime Minister on November 24, 2022. [24] [25] [26] [27]
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