AFLOAT AND AGILE: Its Broad Base Bodes Well for Penang’s Economy
By Tim Niklas Schoepp, Negin Vaghefi
July 2017 COVER STORY
While manufacturing remains robust, contributions from other sectors are significant.Bayan Lepas Industrial Park.Having an open, export-driven economy means that Penang’s development is directly impacted by world events.Uncertainties like the new US administration, tensions between oil-exporting countries in the Middle East, elections in Europe and a changing Chinese economy, to name just a few, will affect Penang, and not always in predictable ways. Having an open and diversified economy gives it resilience.Global DevelopmentsAccording to the International Monetary Fund’s annual consultation report,...
Tim Niklas Schoepp
is a visiting analyst in Economics at Penang Institute.
Negin Vaghefi
is a senior analyst at Penang Institute. She holds a Ph.D. in Environmental Economics. Her research interests include agri-environmental economics, climate change, green economics, poverty and income inequality, and policy analysis.
