At the time, large capital inflows and the ensuing sudden stop and reversal as well as the rampant speculations of the hedge funds exacerbated the situation. People were shocked and frustrated by these speculative behaviors. At the onset of the crisis, Malaysia saw a weakening export, plummeting stock market and sharply depreciating currency.
Employment is also expected to grow steadily in health care and transportation. We also have to be ready for surprises, when we get home, especially among the new emerging businesses. For example, in 1971 when the first microprocessor was invented, we didn’t even have microcomputers.