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Water Quality vs Gdp (Malaysia)

In: Science

Submitted By kakwannn
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Pages 17
Malaysia economic development strategy, since the introduction of New Economic Policy has hastened the development process in the following years especially 1980s - 90’s decade. Development was further speeded up in 2000s with the nation vision of achieving an industrialized status by year 2020. However, the rapid development process sometimes was carried out without really taking into consideration, that the possibility of such development will impacts on the environment, in this case, impacts towards the rivers. Table 1 below shows the number of polluted river (suspended solids) from year 1998 – 2008.
Table [ 1 ]: Number of clean, slighly polluted and polluted basin in Malaysia (Suspended Solids)

A) Economic Growth and Water Pollution

As the country which moves towards the realization of its vision 2020 to becoming a developed nation through the implementation of its policy agenda for heavy industrialization, infrastructures, and urban-expansions, the water demands increase steeply. There is greater pressure to preserve the current water resources as well as to find alternative course of actions to improve the water quality. In other words, the consistent and rapid growth of urban-industries in Malaysia has undoubtedly resulted in an increase in economic well being of the citizens on the one hand. After all, for the first time in years, the external value of Malaysia’s currency, the ringgit, shrank by nearly 50 per cent while the stock market contracted by even more at about 60 per cent. The ringgit fell from an average of 2.42 to the U.S. dollar in April 1997 to an all-time low of 4.88 to the U.S. dollar in January 1998. The composite index (CI) of the Kuala Lumpur Stock Ex- change (KLSE) which had been the third largest stock exchange in the region after Tokyo and Hong Kong, fell precipitously from 1,077.3 points in June 1997 to 262.7…...

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