Ghana became independent from Britain in 1957
Malaysia (Malaya) became independent from Britain in 1957, with the remaining parts joining in 1963
At the time of independence the GDP per capita of Ghana was higher than Malaysia's
the GDP per capita of Ghana is $2,643
the GDP per capita of Malaysia is $12,700
March 5th, 2007 10:27pm
Ghana doesn't have oil?
March 5th, 2007 10:34pm
poor bastards. youd think britain would have given them some before flinging them out into the cold world.
March 5th, 2007 10:38pm
Oil is only a relatively minor part of the Malaysian economy. More 70% of the tax revenue comes from other sectors. Assuming taxing evenly across all sectors of the economy, oil would be 30% - but given oil is taxed more heavily, oil is less than 30% of the economy.
March 5th, 2007 10:39pm
massive public spending during a collapse in cocoa prices followed by heavy taxation resulting in triple digit inflation and a collapsing currency?
March 5th, 2007 11:46pm
A strong and robust Islamic foundation for the State.
March 6th, 2007 12:10am
Investment by Chinese?
March 6th, 2007 12:35am
Malaysia has a wealthy neighbor to the South that needs their water and labor. Thailand is also doing pretty well.
They also have a large Indian population. I like immigrants. I think they tend to be smart adventurous entrepreneurial people who make the economy go. The Malaysians certainly wouldn't consider this, but I think the large numbers of Indians there have had a positive effect on their country.
For what it's worth, Malaysia is a lot prettier than Ghana. The islands on the coast are beautiful. If the Muslims could swallow their xenophobia enough to stomach the presence of foreigners, they'd have a booming tourist industry. To be fair, even I hate the drug addled sun burned Australian sex tourists that Thailand attracts.
March 6th, 2007 1:29am
They aren't the same country? I mean just because they split from Britain doesn't mean they should turn out the same.
March 6th, 2007 1:42am
what are rates of infant mortalisty? life expectancy?
man does not live by gdp alone.
March 6th, 2007 5:42am
It's more to do with the relative proportion of Chinese in the two countries.
March 6th, 2007 6:42am
I don't think it's just the Chinese. It can't hurt that Malaysia is a constitutional monarchy with multiple party elections and a political commitment to manufacturing.
a cynic writes...
March 6th, 2007 6:55am
... and despite the racist anti-chinese laws in Malaysia, the chinese still manage commercially.
Ghana has had a working democracy for over a decade.
March 6th, 2007 8:31am
So it's got almost 40 years of autocracy to recover from.
I'm not saying that the Chinese community in Malaysia aren't a major contribution to it's development - just that a political commitment to industrial development is also involved.
a cynic writes...
March 6th, 2007 10:01am
There's a political commitment in Ghana too.
The country is home to a massive hydro elecric plant, and the largest aluminium manufacturing facility in Africa (and yes the country has plenty of ore). Since the 1960s.
March 6th, 2007 10:36am
"I like immigrants. I think they tend to be smart adventurous entrepreneurial people who make the economy go."
You've never been to Brussels, have you?
Minerals -- principally gold, diamonds, manganese ore, and bauxite -- are produced and exported. The only commercial oil well has been closed after producing 3.5 million barrels (560,000 m³) over its seven-year life, but signs of natural gas are being studied for power generation, while exploration continues for other oil and gas resources.
Ghana's industrial base is relatively advanced compared to many other African countries. Import-substitution industries include textiles; steel (using scrap); tires; oil refining; flour milling; beverages; tobacco; simple consumer goods; and car, truck, and bus assembly.
Tourism has become one of Ghana's largest foreign income earners (ranking third in 1997), and the Ghanaian Government has placed great emphasis upon further tourism support and development.
March 6th, 2007 10:37am
> You've never been to Brussels, have you?
And you've never been to London have you?
Indians, Irish, Greeks, Polish, Lebanese, Cypriots, etc., are responsible for huge chunks of the economy.
March 6th, 2007 10:39am
Oh, certainly immigrants can be an excellent addition to an economy.
They can also be a bunch of people who moved to a developed country with a high standard of welfare to mooch off the government, not contribute to the economy, and then raise a massive stink when the local papers takes the piss out of their religious leader.