The Effect Of Unstable Rubber Prices Toward Malaysia Economy

Abdullahi Ayoade, Ahmad and Aisha Arissa, Shahrial and Abdul Majid Hafiz, Mohammed and Sharifah Nur Farah Shakirah, Tuan Zam-Zam (2019) The Effect Of Unstable Rubber Prices Toward Malaysia Economy. In: International Conference on Humanitarianism and Human Rights (ICGHR ) 2019, 28-29 July 2019, UniSZA.

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Abstract

Rubber plantation is one of Malaysia agricultural source of income; more than 40% of the total world’s rubber is producing in Malaysia which made Malaysia the leading country that produces natural rubber in the world. Rubber plantation was introduced to Malaysia during the British colonial era, due to Malaysian soil fertile for rubber plantation. Therefore, British then promoted Malaysia’s rubber plantation to the global community. However, in the past few years, Malaysia’s rubber price has been continuously declining, even though it appreciates sometimes but not as high as it was before during the colonial time. At present, the price of rubber seemly unstable due to numbers of rreasons. Therefore, this paper meant to study whether rubber industry is still relevant for Malaysian economy today, and what would be the impact for Malaysia economy as a developing country. The research adopts historical and analytical methods, whereby secondary sources such as books, articles in journal, official documents, and internet sources are utilized among others. The finding enables the researchers to propose solution for improvement in the Malaysian rubber industry

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