There is ambiguity in defining economic crime or sometimes referred to as white collar crime or finance crime. The general notion refers to economic crimes as illegal acts in which offenders' principal motivation appears to be economic gain. However, is it possible to conclude on the offenders' motivation merely by observing the criminal act? Another school of thought claims that economic crimes are illegal acts that successfully provide offenders with an economic return or for which victims incur an economic cost.
Muzafar Shah Habibullah; Baharom Abdul Hamid (INCEIF, 2015)
The on-off-on again-off again Malaysia-US Free Trade Agreement (MUSFTA) is a proposed treaty between Malaysia and the United States of America. Initial negotiations, in fact started way back in 2005 and as all other Free Trade Agreements (FTAs), the treaty aims to liberalise each other markets to parties of the agreement and directly encourage trade between the two countries. Malaysia has a commendable and enviable economic growth and development. Our macroeconomic policies have always been designed to create a more liberalized and fair international trade environment. Though Malaysia continues to accord high priority to the rule-based multilateral trading system under the World Trade Organisation (WTO), Malaysia is also pursuing regional and bilateral trading arrangements to complement the multilateral approach to trade liberalisation.
