Malaysia is internationally recognized for its economic performance and the currency crisis it went through in the year 1997. Malaysia is seen as a success story and recognized for its successful management strategy. Prior to the 1997 economic crisis, Malaysia had experienced a recession in the 1980s that led to a negative GDP in the year 1985. Malaysia, however, reversed this negative growth by the year 1987. Malaysia proceeded to grow economically from 1987 through the 1990s up to the year 1996.
In the year 1997, the currency crisis hit the country though it still recorded economic growth in GDP. From ...