Professional Development Program in
"Malaysian Economic Miracle:
A Model for Developing Countries"
An Immersion Program in
To Be Held On
April 19 – April 23, 2010
in Kuala Lumpur
Jointly Organized By the
Islamic Banking and Finance Institute of Malaysia (IBFIM)
Academy for Global Business Advancement Inc.
Malaysia located in the South East Asia region (in-between Singapore, Indonesia, and
Thailand) covers an area of about 329,758 square kilometers. Its multi-racial
population of about 26 million as per 2005 census consists of roughly 60% Malays,
30% Chinese, 7% Indians and 3% aborigines. Malaysia practices parliamentary
democracy and is ruled as a Constitutional Monarchy.
Malaysia has progressed from being mainly a producer of raw materials into one of
the most progressive and fastest growing countries across Asia Pacific with a modern
and diversified economy where agriculture, manufacturing, mining and the service
sectors assume significant roles in economic development. For instance, Malaysia is a
leading producer of tropical hardwoods, cocoa, paper, and is also one of the world's
largest producers of palm oil, natural rubber, and tin. It is also produces significant
quantities of petroleum, natural and manufactured goods. The nature of exports has
changed accordingly and today manufactured goods form almost 80% of its exports as
compared to the dawn of independence when 80% of its exports were commodities
and agricultural products. Multinational corporations have invested heavily in
Malaysia's economic development. For instance, Dell's (one of the top Multinational
corporations in the computer industry) largest plant producing and exporting Personal
Computers (PCs) is located in Malaysia.
Malaysia's rapid economic development serves as a role model for developing
countries across the world.
MALAYSIA'S ECONOMIC MIRACLE
In 1980, the year before Tun Dr. Mahathir Mohamad became Prime Minister,
Malaysia's gross domestic product was just $12 billion. By 2008, it had grown to
$210 billion, and per capita income stood at $3,540, the third-highest in Southeast
Malaysia has been one of the most successful economies across the "Developing
World". There are fairly straightforward reasons for this unprecedented development.
It's one of the most open economies in the world. There are a few trade barriers but
not very many. It's open to foreign direct investment (FDI). Of course, (after the
1997-98 Asian crisis) there were capital controls placed on short-term flows. But that
didn't affect inflow of the foreign direct investment because of the confidence of
world business community in the strength of the Malaysian economy.
Second, Malaysia has been pretty good on macroeconomic management. It
consistently has very low inflation. It has never had a balance-of-payments crisis in its
history, which is a very important achievement.
Third, Malaysia has always had excellent physical infrastructure -- great roads,
excellent airport, harbors, and telecoms.
Fourth, Malaysian institutions have been fairly high quality and
reasonably independent. It inherited a British-style civil service, which has
.been successfully maintained. Malaysian legal system is of pretty high quality
When you think about why some developing countries do well and some others don't
and you have a sort of analytical checklist for your success stories, Malaysia scores
.pretty well on most of the variables
Two globally renowned “not-for-profit organizations” have joined hands to offer a
world-class professional development program:
Islamic Banking and Finance Institute of Malaysia (IBFIM) (www.ibfim.com):
Established in February 2001 under the stewardship of the Central Bank of Malaysia
(Bank Negara Malaysia), Islamic Banking and Finance Institute of Malaysia (IBFIM)
is designated as an industry-owned institute dedicated to producing well-trained, high
competence personnel and executives with the required talent in the “Islamic Finance
and Banking Industry”.
(Academy for Global Business Advancement (wwws.agba.us
Established in the American State of Texas as a “Not-for-Profit” Organization in
2000, today AGBA today is proud to boast a membership of more than 1000 members
based in more than 50 countries. Its members include scholars from reputed academic
institutions based in western and developing countries, corporate leaders, consultants,
.governmental officials and entrepreneurs
AGBA is committed to serve the humanity worldwide as a global organization by
helping the professionals and officials of the developing countries to connect with the
western and developed world for mutual benefit. Such collaboration would accelerate
the process of globalization by furnishing ample opportunities to academics, corporate
leaders, governmental officials and entrepreneurs across the emerging countries to get
.recognition on the global stage
This program is designed for the training of government officials and corporate
The delivery of the program is intended to cater to about 50 participants, who would
be senior policy-makers and middle management officials drawn from the private and
public sector organizations, agencies, foundations and institutions (both for profit and
non-profit) of developing countries across the world.
The duration of the program shall be one week (five working days) from April 19
through April 23, 2010.
RATIONALE FOR THIS UNIQUE TRAINING PROGRAM
This training program presents a unique prescription on how developing countries can
accomplish fabulous economic growth by participating in and benefiting from global
economy via international trade and foreign direct investment.
For this reason, what is needed is a systematic methodology that a particular
nation can apply to assess its starting conditions, its major opportunities, its strengths
and weaknesses, and the most promising available paths to participate in the world
economy via international trade and foreign direct investment.
This training program differs from other courses in the following ways:
• It is built on the foundation of effective national leadership;
• It is focused on the premise of socio-cultural harmony;
• It aims to clarify the interface between trade, investment, income disparity,
• It integrates the development of a nation’s trading regime with the broad
policies, programs and strategies of economic development; and
• The course will present Malaysia as a model of trade liberalization and
foreign direct investment for emulation by developing countries.
The course will highlight an assessment of how Malaysia's prudent socio-cultural and
economic policies have transformed it as a socially healthy, politically stable and
economically vibrant country. Malaysia has demonstrated how sound socio-cultural
policies, prudent economic management, continued liberalization and bold regulatory
reforms helped sustain growth for years, and has assisted recovery in the aftermath of
the Asian economic crisis, that hit the Asian region in 1997.
The sustained trade and investment based country development of Malaysia over the
past six decades is readily acknowledged as a potential model for emulation by
Malaysia has many lessons to impart, the most critical of which is undoubtedly the
overriding importance of sound management and its application to problem solving in
socio-cultural relations, economic development and trade and investment
Malaysia's success stories in (1) thriving Islamic Finance and Banking sector, (2)
vibrant Tourism and Hospitality Sector and (3) development of pragmatic National
Leadership for effective governance are models for emulation by other developing
Malaysia's swift and flexible response to the Asian economic crisis in 1997 deserves
admiration. Malaysia today is one of the most globalized nations and one of the most
open economies in the world with minimum tariffs for most lines, a liberal foreign
investment regime and on-going reform program in the services sector that went
beyond its GATS commitments. Malaysia's steadfast faith in the multilateral trading
system has been appreciated worldwide, as was its prompt implementation of World
Trade Organization (WTO) Agreements including those for which it has a transition
period. Malaysia's active involvement in regional arrangements under a policy of
open regionalism has been admired worldwide.
One crucial factor responsible for the rapid progress in the development ladder of
Malaysia was the invaluable help it received from Islamic countries, developed
countries and international organizations during its initial years of industrialization.
Based on its development experience, Malaysia hopes to offer similar help to
developing countries by providing technical assistance to them. Through this training
course provided under the auspices of IBFIM and AGBA, participants would be able
to return home with upgraded skills and ready to assume more active roles in the
developmental efforts for their respective developing countries.
The purpose of this professional development program is to upgrade participants’
levels of understanding in, and skills of, the theory and practice of country
development embedded in resilient national leadership, prudent policies, programs
and strategies needed for socio-cultural harmony, economic development and trade
and investment liberalization.
MAJOR HIGHLIGHTS OF THE PROGRAM
Cordial Multi-cultural Harmony:
Malaysia's cordial multi-cultural harmony has been heralded across the world as a
model of co-existence with diverse ethnic groups. Three culturally diverse
ethnic groups (Malays, Chinese and Indians) live in harmony with each other,
contributing immensely in the development of a highly globalized country. Former
President of South Africa, Nobel Laureate Dr. Nelson Mandela has used Malaysia as a
.model for the development of his own native country
:Vibrant Economic Environment
Prudent management of its natural and human resources with a focus on developing
close relationship with prominent Multinational corporations (MNCs) has been used by
.Malaysia to develop a vibrant export sector
Leading Islamic Finance and Banking Sector:
"Malaysia's Islamic Finance and Banking Sector" is recognized by its friends and foes
as the leading sector on the face of the Earth. What contributed to the emergence of
Malaysia as the leader of Islamic Finance and Banking Sector would be presented by a
prominent authority on the subject.
Envious Malaysian Tourism and Hospitality Sector:
"Malaysia Truly Asia" a globally acclaimed promotion slogan telecast worldwide on
CNN and BBC and Al-Jezerah -- TV channels describes in 3 words what Malaysia is all
about. Officials and professionals from developing countries would learn why its
touristic attractions are admired by both Islamists and contemporary western tourists.
Malaysia and ASEAN:
How Malaysia emerged as a major player within the community of Association of
South East Asian Nations (ASEAN) and how its regimes of economic integration, free
trade agreement, and foreign direct investment are handled by ASEAN countries would
be the highlights of this program. Officials and professionals from across the developing
world would learn from the ASEAN experience to integrate their own economies.
Tun Dr. Mahathir Mohamad Leadership Style:
An icon of "Country Leadership", participants would learn how effective national
leadership style of a great living icon of contemporary leaders (Tun Dr. Mahathir
Mohamad) has contributed to the emergence of Malaysia as a "Model Developing
Country" for emulation by other leaders across the developing world. A visit is being
planned to meet with former Prime Minister Tun Dr. Mahathir Mohamad at his home
WHY THIS PROGRAM???
LEARN HOW MALAYSIA REACHED WHERE IT IS TODAY!!!!!
• How effective national leadership makes a difference (Leadership Style of the
Architect of Malaysian Success Story: Tun Dr. Mahathir Mohamad's
leadership style as a Case Study);
• How socio-cultural harmony has been ensured!!!!!;
• How wealth has been distributed fairly among different sections of the society
(Malays, Chinese and Indians)!!!!!;
• How New Economic Policy (NEP, an affirmative-action program for
"Bumiputras", a term that generally refers to ethnic Malay Muslims) was
carefully orchestrated, fairly executed and how it yielded desirable
• How its natural resources have been managed prudently !!!!!.
• How “Malaysia One Policy” is being executed by current administration to
inject socio-economic harmony amongst 3 diverse ethnic groups;
• Series of Special Presentations by Distinguished Malaysian Professionals !!!!!
• Site Visits to: Governmental Organizations; Public Sector Corporations and
Private Sector Firms. During site visits, delegates would meet high ranking
officials of selected organizations, and listen to their presentations.
• Program would be conducted in English language.
• Certificates will be awarded upon the successful completion of the program.
Main objectives of this specially designed professional development program are to
share with the participants' following policies, programs and strategies that
contributed to the emergence of "Malaysia as a Model Developing Country" for
Benchmarking across the Developing World:
• Dynamics of effective national leadership of Tun Dr. Mahathir Mohamad,
Architect of Malaysian Economic Prosperity;
• Determinants of socio-cultural harmony;
• 20:20 Vision
• Dynamics of Economic Development Model
• Agricultural Development
• Infrastructural Development
• Economic Integration with Neighbors Under ASEAN
• Industrial Development
• Educational Upliftment
• International Trade
• Foreign Direct Investment
• Islamic Finance and Banking Sector
• Hospitality and Tourism Development
• “One Malaysia Policy”
HAVING TOP MALAYSIAN DECISION MAKERS
• Islamic Banking and Finance
• G-20 and Global Financial Crisis Roundtable
• WTO and Doha Round Roundtable
Upon completion of this one-week professional development program on “Malaysian
Economic Miracle: A Model for Developing Countries" participants should be able to
demonstrate an understanding of:
• Challenges of developing effective national leadership,
• Challenges of socio-cultural harmony,
• Determining the major dilemmas and trade-offs in public policy toward
• Distinguishing alternative paths to liberalization,
• Assessing the nation’s economic strengths and weaknesses,
• Assessing the nation’s economic opportunities and threats,
• Developing the nation’s strategic thrust in international trade,
• Developing the nation’s strategic postures by formulating proper socio-
cultural, economic and trading policies,
• Formulating the nation’s strategic vision by integrating its policies, practices
and regimes with the WTO, IMF and World Bank regimes,
• Building the nation’s trading clusters, and
• Developing the nation’s institutional framework.
SITE VISITS DURING THE PROGRAM
• Putrajaya (Seat of Government);
• Subrajaya (Malaysian Silicon Valley)
• PROTON (A Local MNC in the Making)
• Sime Darby (A Local MNC in the Making)
• Ministry of International Trade and Industry (MITI)
• MNC Factory Around Kuala Lumpur
• Professionals involved in planning for a nation’s prosperity;
• Development officials within the governmental agencies, institutions and
organizations that are officially charged with developing and carrying out
country’s economic policies, programs and strategies;
• Officials working in country development, socio-cultural development, trade
development, and investment development agencies;
• Scholars and researchers, who are interested in examining how international
trade and foreign direct investment might be blended with economic
development of the country;
• Socio-cultural, political and religious leaders, who care about their nation’s
course of development, and want a better understanding of the determinants of
• Corporate executives, leaders, and managers;
• Entrepreneurs, Merchants, Traders and Businessmen and Businesswomen.
• Islamic finance and banking experts and professionals; and
• Tourism and Hospitality experts and professionals.
Program fee is $4000 (Four Thousand US Dollars) per delegate that covers:
• 40 hour Presentations for 5 days;
• Lunch Every Day for 5 days;
• Two Coffees/Tea Breaks Every Day;
• 5 Site Visits;
• Meeting with Tun Dr. Mahathir Mohamad
• Award of the Certificate by IBFIM and AGBA
Program fee does NOT cover accommodation, air travel and local vacation.
Deadline for the payment of non refundable fee is March 1, 2010 to ensure guaranteed
registration. Only guaranteed bank drafts would be accepted. Bank drafts should be
payable to the "Islamic Banking and Finance Institute of Malaysia (IBFIM)" in the
"MALAYSIAN ECONOMIC MIRACLE:
A MODEL FOR DEVELOPING COUNTRIES"
TIME DAY 1 -- DAY 2 -- DAY 3 -- DAY 4 -- DAY 5 --
Monday Tuesday Wednesday Thursday Friday
April 19, 2010 April 20, 2010 April 21, 2010 April 22, 2010 April 23, 2010
SESSION 1 Inauguration Dynamics of Dynamics of Malaysian --- Tun Dr.
09:00 – 10:30 of the "Malaysia Malaysian ASEAN Mahathir
Program and One Policy" 20:20 Vision Model of Mohamad
the Trade and Leadership
Introduction FDI Style
of the Liberalization
10:30 – 11:00 COFFEE & TEA BREAK
SESSION 2 Contemporary Dynamics of Dynamics of WTO and Tun Dr.
11:00 – 12:30 Malaysia: A Islamic Malaysian Doha Round Mahathir
Socio-Cultural Banking and Tourism Roundtable Mohamad
and Political Finance Sector and Leadership
Journey into Sector G-20 and Style
its Past Global
12:30 – 13:30 LUNCH
SESSION 3 Site Visit Site Visit Site Visit Site Visit Malaysian
13:30 – 15:00 Leadership
With Tun Dr.
15:00 – 15:30 COFFEE & TEA BREAK
SESSION 4 Site Visit Site Visit Site Visit Site Visit Closing
15:30 – 17:00 Ceremony
:Malaysian Economic Miracle
A Model for Developing Countries
Professional Development Program
April 10 –23, 2010
All registrations must be accompanied by payment to facilitate registration. Please
return the registration form with a check payable to “Islamic Banking and Finance Institute of
.Malaysia (IBFIM)” Drawn on any Bank based in Malaysia by March 1, 2010
.Title Dr. Prof. Mr. Ms
---------------------------------------------------- :Business Firm or Corporation or Agency
________ :City: __________________ State or Country: ______ Zip or Postal Code
.Delegates are requested to arrive in Malaysia on Sunday, April 18, 2010
• Delegates holding US, EU, Saudi, Turkish, Iranian, and Other GCC-6 passports DO NOT
need any visa to visit Malaysia.
• Program Host is: Islamic Banking and Finance Institute of Malaysia (IBFIM)
• Program Venue is: XXXXXX Hotel.
• Program Management Organization is: Academy for Global Business Advancement
.Registration Deadline is March 1, 2010
.Please Make Check Payable to IBFIM on Any Bank Based in Malaysia
For Further Information and Registration, Kindly Contact:
Mr. Khairul Sabudin,
Manager, “Malaysian Economic Miracle Program”
Islamic Banking and Finance Institute of Malaysia (IBFIM)
3rd Floor, Dataran Kewangan Darul Takaful
Jalan Sultan Sulaiman
50000 Kuala Lumpur
For additional information about the contents of the program, kindly contact
Prof. Dr. Zafar U. Ahmed
BBA (New York), MBA (Texas), Ph.D., (Utah),
Professor and Founding Dean
College of Business and Management
Fahad Bin Sultan University
Formerly Tenured Full Professor of Marketing and International Business
Texas A&M University at Commerce, USA,
President/CEO: Academy for Global Business Advancement
Editor-in-Chief: Journal for Global Business Advancement
P.O. Box: 15700, Tabuk 71454, Saudi Arabia
Mobile #: +966-54-239-11-00