Pages: 37-51

Abstract

The progressive, lawful, and developmental experience of Malaysia is considered a distinctive and recognizable experience. Although it shares many characteristics of importance with other third-world countries and has propelled itself along a path of rapid modernization in a successful manner. It has experienced many benefits by following a path which has led it to escape from backwardness and dependence. The development experience in Malaysia is one of the success stories in the field of human development among third world countries. The country has made significant progress in this regard and is a good example for other Islamic countries to follow. Malaysia has proved its ability among the Asian giants, as acknowledged by the region and the world. The United Nation Human Development Report (UNDP) in 2007 suggests that Malaysia has ascended to the sixty-third position among the world ‘s countries in terms of human development. This article proposes that the country may serve as a role model or pattern of development for other developing countries, particularly Islamic countries, with similar characteristics. The purpose of this research is to express, study, analyze and review the development experience of Malaysia at the level of various economic activities, and to express the reality of the Malaysian economy in the light of existing laws.