Malaysia & the Multicultural Contribution on Countering Recession

Malaysia is a world known country that have multiple races and believers of many religions from Islam, Christian, Hindu as the leading religion and the rest which mostly from Sabah and Sarawak. When the recession time came due to the loss of economy especially in America, every country in the world face the downfall of economy but Malaysia is able to keep his stance because of this fact, multicultural community. How does multicultural community contribute to Malaysia survival in economy recession? The answer is simple, celebration and festival. Each culture and religion has its own celebration and festival and since Malaysia have multicultural and multi religion that backing up the whole community, we have many festival and celebration. It lasted as early as New Year's Eve, Chinese New Year until Depavali and lastly Christmas that ended on 25^th December every year. At the same time, the local government opens up doors for shoppers to spend more by creating mega sale period and so on related to that.

All of this celebration inflict on one thing that is important to ensure a survival of one's country's economy, the buying power. Since Malaysia have celebrations all over the year, the spending period is often open and does not have a closing doors. This will ensure that goods will be bought, money will be conveyed and lastly traders and sellers become more convinced to make Malaysia one of the destination for economic purposes. Recession often misinterpreted as the time of economy downfall due to mortgage and unpaid loan alone but its actually more towards the less of spending capability and too careful guided buying power. This will make less people spend money, more people keep money and less profits the seller, marketer and publisher will made which concludes less contribution to the country's economy.

There's only one problem with this phenomenon which can lead into the other way around, inflation. As buying power increase or maintain, inflation also follow the flow. High inflation will lead to the downfall of the currency value which is definitely not good. One of the way to increase inflation is by buying imported material such as silverware, cars or food because it will contribute to the money flowing outside Malaysia. The other reason is the imported hard labour, which mostly from Indonesia and the other region around us, sending millions of Ringgit every year to their homeland, threatening the currency value of our own.

We can decrease the inflation, especially when spending our money on certain occasion and celebration by focusing our buying power on local made item, Malaysia's made. The price might either be a little bit expensive but it still on a tip top quality and one thing for sure, it benefit you, the buyers, back at the long run.