Business Report: The Key of Transforming Malaysia into a Developed Country

5. Conclusion

In summary, tertiary sector is not only the best industry to earn large profit for a country, but also is the best industry to integrate and allocate resources.

In many small western countries, such as Monaco, Switzerland and Luxembourg that have advanced finance industry, tertiary sector brings a lot of fortunes to those countries. As to Malaysia, she is a federal country, constituted with peninsula Malaya and Western Malaysia. She has the great geographical advantage to developing international trade and shipping transportation. And she has abundant nature resources and large population and land that Singapore and Brunei, the most richest ASEAN countries don’t have. Also, Malaysia has the excellent education in south-east Asia, which provides hundred thousand talents for her every year. Thus, Malaysia has a lot of opportunities to develop her tertiary sector in travelling, logistics, technology, education, finance and so on, which can make more profits than developed countries in the west.

And Malaysia can find a way to develop further by integrating and allocating resources in tertiary industry, which can lead the federal enters an innovation and creation fast progress. Using those new technology created by service industry, Malaysia can adjust her economic plan and strategy by analyzing the domestic and foreign economic situation, which leads her economic development become more fast and remarkable. In addition, the factories using the service industries can make the manufacture and producing become more effectively. With the brilliant and intelligent services and production provided by tertiary sector, people’s life becomes more convenient in Malaysia.

Beyond all, tertiary sector is the key to transform Malaysia into developed country.

Reference

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