1. THE CONCEPT – INDUSTRIAL ESTATE 1.1. The phrase "industrial estate", is frequently used and alternatively known as designated area - industrial district, park, special economic zone in the industrial development activity. The attractiveness and competitiveness of the industrial estates are much dependable on geographical area with high developed infrastructure facilities provided for and thus a conducive environment is created to attract any businesses of an industrial nature from small and medium scale to the large enterprises. 1.2. World Bank defines industrial estates as: Specified areas zoned for industrial activity in which infrastructure such as roads, power and other utility services are provided to facilitate the growth of industries. The industrial estates should include at least two of the common features i.e. geographically delimited area, can be physically secured; provision of high quality infrastructure facilities; single management or administration; and separate customs area and streamlined procedures . 1.3. The main priority of industrial estate is to attract high value added industries, where it would create an interest to the prospect investors to invest by establishing their new or expansion and diversification project in the manufacturing operations and other related businesses. Furthermore, several economists and scholars believed that industrial estate can positively influence the socio-economic development and industrialisation of the region. 1.4. An eminent economist, Michael E. Porter found that location characteristics play an important role in the success of a region's industries. Implementing a targeted approach of industry clusters could help firms achieve a competitive advantage by promoting... ... middle of paper ... ...ial estate in the prominent city in Ho Chi Min City and Suzhou as new business model. 3.9. In brief, both countries had achieved the most impressive economic growth records and significant advancement in term of technological capabilities in Asia region. Examples of both country cases will be discussed in the next chapter. 4. EXAMPLES OF CLUSTER-BASED INDUSTRIAL ESTATES IN MALAYSIA AND OTHER COUNTRIES (SINGAPORE AND TAIWAN) 4.1. In Malaysia, the industrial estates are scattered across of 13 states and federal territory- Kuala Lumpur. Home to small medium industry activities to large and heavy industry as well as specialised industry form Halal industry related to food processing to biotechnology and high technology industry. 4.2. Below map shows location of industrial estates which were operated by the state-owned enterprises and private entity across Malaysia.
...conomically beneficial trade and technology development. In this regard the Epilogue uses sound logic to plausibly answer the wealth question. On the other hand, Mr. Diamond uses the same "national competition" thesis to purport that Asia's large, centralized governments were conspicuously growth-inhibitive. This argument would not seem to pass muster given what we have learned about the role of governments. Professor Wright's slides state that "Centralization may limit predation and even allow for growth" as "centralized predation = incentives to maximize the haul " This clearly refutes Mr. Diamond's argument that centralized, monopolistic Asian governments impaired societal advances. Thus, Guns, Germs, and Steel can scantly explain why China and the Middle East remain emerging markets while Western and Northern Europe enjoy significantly larger national wealth.
3. existence of an institutional, political and social framework to promote expansion of the sectors;
Sternberg, R. and Kiese, M. and Stockinger, D. (2008) ‘Cluster policies in the US and Germany: varieties of capitalism perspective on two high-tech states’ Environment and Planning C: Government and Policy 2010, 28, pp.1063-1082
be the increase in jobs. Creation of new jobs will take place in the manufacturing
In recent years, the efforts of clusters are subject to a strong academic and political enthusiasm. The term "cluster" is fashionable and attractive concept. Indeed, in a context of intense competition between countries and regions, there is a questioning of the competitive positioning of territories that have to adapt to a carrier opportunities and uncertainties of globalization. For keen to strengthen the potential of their regions governments, clusters bring solutions sought: company mergers and resulting benefits appear as drivers of innovation and competitiveness of regional economies.
In conclusion the development of the Standard Industrial Classification created a method to record data in which categorized each business to an industry and then the industry is measureable to the economy. Government agencies are able to use this data to measure the industries being developed as well to ensure all meet their standard policies and goals. It is also used to determine the economy of the cities, states and nation as any change or trend will change the supply and demand hence; changing the economy. The government agencies uses this data for strategic planning in their respective branches as well as business uses this data for their strategic planning in the business purposes. The result of this system has created a manageable system that assists in making what we have today as a well organized industrial and economic system worldwide.
Another economy growth, related to tourism, is the building of hotels, new homes, re-developments, office complexes, condos and mansions. By providing housing and resorts for tourists, the attraction will not only pull in tourists, but it will provide economic structure.
...rs and of local infrastructure. It also promotes the technological progress, environmental protection activities, and the financial sector reorganization. The development and restructuring of these fields are prerequisites for the increased traffic of local and international tourists.
In the classic definition of the word “Industry” refers to a group of companies that perform the same type of work or that offer a similar product; however in today’s economy, similar industries can offer the same type of work even though the product can be vastly different.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
Malaysia was once a colonized land and known as Malaya back then. Malaysia is one of the Commonwealth countries, which means Malaysia was one of the British colonies.
Understanding what is meant by land is relatively simple. This comprises all of the natural resources that a particular producer has at their disposal. Most often this means immediate natural resources, like oil or the property on which the production facility is located. This can also include the water or ocean that is close to the facility. The factor of production called land most often comprises the natural and raw materials which are used in production and are at the disposal of the production facility.(2)
Peninsula Malaysia covers the southern half of the Malay Peninsula,[3] and extends 740 kilometres (460 mi) from north to south, and its maximum width is 322 kilometres (200 mi).[1] It is mountainous, with more than half of it over 150 metres (492 ft) above sea level.[3] About half of Peninsular Malaysia is covered by granite and other igneous rocks, a third more is covered by stratified rocks older than the granite, and the remainder is covered by alluvium.[7] Harbours are only available on the peninsula's western side,[1] and the most fertile land occur...
criteria, where the state is a key player in industrial ownership and production, and uses
The area within a destination where tourism activity occurs – how concentrated is it? Are the tourism activities/sites dispersed? Consider the locations with the greatest opportunities and needs.