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orneo as East Malaysia. Malaysia is generally regarded as one of the most successful non-western countries to have achieved a relatively smooth transition to modern economic growth over the last century or so. Since the late nineteenth century it has been a major supplier of primary products to the industrialized countries; tin, rubber, palm oil, timber, oil, liquified natural gas, etc.

However, since about 1970 the leading sector in development has been a range of export-oriented manufacturing industries such as textiles, electrical and electronic goods, rubber products etc. Government policy has generally accorded a central role to foreign capital, while at the same time working towards more substantial participation for domestic, especially bumiputera, capital and enterprise. By 1990 the country had largely met the criteria for a Newly-Industrialized Country (NIC) status (30 percent of exports to consist of manufactured goods). While the Asian economic crisis of 1997-98 slowed growth temporarily, the current plan, titled Vision 2020, aims to achieve 'a fully developed industrialized economy by that date. This will require an annual growth rate in real GDP of 7 percent' (Far Eastern Economic Review, Nov. 6, 2003).

In looking more details about the economy situation of Malaysia, in 1957 at independence, Malaysia had the highest per capita income in south east countries except Japan but in next two decades it fell from the second in the region to the fifth after newly industrialized countries Hong Kong, South Korea, Singapore and Taiwan but still better than other countries in the region. but the gap between newly industrialized countries and Malaysia decreased to minimum between 1987 to 1995.in this period Malaysia had the largest growth in GDP in compare with other Asian countries and it was second after china in the Asia continental.

From 1965 to 1986 the average GDP growth for developing countries was 6.6 percent, but for Malaysia average growth rate in 1970s was 7.8 percent per annum. From 1980 to 1984

Singapore:

After 1965 that Singapore separated from Malaysia the economic was encountered with challenges like lack of natural resources, Small population of 1.6 million in 1960, but growing rapidly, Highly dependent on entrepot trade and the provision of services to British military bases . Small manufacturing base, Separation from Malaysia caused the import-substitution strategy to be aborted. Planned withdrawal of British bases, which employed around 40,000 workers, within 5 years and High unemployment rate, estimated at about 10 %.encountering these problems Singapore started to build its economy using different developmental strategies like Deeping Technology Base, cluster Development, Promoting Manufacturing and Services as Twin Pillars of the Economy, Regionalization, Expanding external ties, Maintaining competitiveness and flexibility and Developing human capital. After all of these course of actions Singapore is know the best country in ASEAN countries in terms of economical factors.

Indonesia:

Indonesia is situated in Southeastern Asia and consists of a large archipelago between the Indian Ocean and the Pacific Ocean, with more than 13.000 islands. The largest islands are Java, Kalimantan (the southern part of the island Borneo), Sumatra, Sulawesi, and Papua (formerly Irian Jaya, which is the western part of New Guinea). I