Trade In Malaysia Case Study

Trade has been circulating around the Malay Peninsular for centuries and various goods were traded such as porcelain and spices. This all happened before Malacca or Singapore became the most prominent trading ports in the area. Malacca was one of the world’s most renown trading ports since its founding in 1402, ruled by the Malacca Sultanate until the Portugal invaded in 1511. The trade in Malacca especially the spices, were moved under the protection of the Portuguese and was sold through its market. In the 17th century during the British colonization, porcelain and spices were found in several states as well as large deposits of tin in several other states. The porcelain and spices were actively traded while the tin was mined for industrial needs especially in England at that time. Then the British took over as administrators of Malaya and introduced rubber and palm oil trees for commercial purposes and brought in foreign labours, such as Chinese and Indians, to work in the mines and plantations instead of the Malays. The also provide professional expertise in each field. These three commodities; rubber, palm oil and tin, firmly set the steady pace for Malaya’s economic until the mid-20th century along with other raw materials. As Malaya was heading towards independence, the government started to implement five-year economic plans. The first plan was the First Malayan Five Year Plan that started on 1955. After the establishment of Malaysia, with Sarawak and Sabah, plans