Thursday, May 26, 2011

Malaysia an 'Oil Cursed' Country

http://www.malaysian-explorer.com/malaysianPolitics-anOilCursedCountry.html

In this article, they are talking about how Malaysia used to be rich in oil, but eventually the supply of the oil had gone down and now they are almost down to nothing. But they made a Heritage Fund, where when they have a little extra money, they put that money into the Heritage Fund for the future. The Heritage Fund was for education and social enrichment. But Malaysia is recovering wonderfully.

1 comment:

  1. This article is long, but interesting. I wasn't aware that Malaysia had oil, because it's an island country, and I thought oil was only on land countries. But it was interesting to read about the Heritage Fund and what they're doing to recover.

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