Hmm ok. I have a degree in Economics from a pretty good school, let's see if I can take a shot at it.

Let's look at that for a minute. A weak currency is not a reflection of a booming economy. The benefits to a weaker currency only apply if you're a primary exporter of goods and services. To be fair we do export a lot, mostly commodities. But the import costs are killing us too and everytime we have to pay debt in USD or any other currency we bleed money. Also, we can't travel anywhere, and cost push inflation due to expensive exports are going to raise prices (not incl. gst lol)

The reason our currency has declined is strongly correlated to the levels of capital outflows. Primarily due to 'perceived risk' by foreign investors. As they start selling our currency, we start bleeding money. Our currency hasn't been this weak since... 2005? Mainly it's because of systemic corruption so we're back to politics. So it's kind of hard to talk about this without getting the politics involved, considering it's one of the primary causes.

I think you're looking at this the wrong way. It is not a case of weak or strong currency = better, it is more a case of cause and effect. On the one hand you have a weak currency being one of the CAUSES why China is super competitive, combined with lower wages and standard of living, operating cost is cheaper despite exports of goods, therefore EFFECTING it's high growth. On the other hand, Japan's weak currency is an EFFECT of it's almost 0 inflation rate and 0% in gdp growth for the past decade, the cause of which is declining fertility rates and population growth.

Malaysia is currently facing something more like the Japanese problem but not exactly. The Chinese government PURPOSELY held down the currency, until the US government launched an investigation. But we are facing a fall in our currency due to a 'crisis of confidence'. No one trust our banks or government, so they RUN to safer currencies.

It doesn't matter if our semiconductor contributes to a 3rd of GDP or not. Unless you can tell me that it was 10% this year and GREW to 33% BECAUSE of a fall in currency, I don't really see the difference. I don't believe the growth in semiconductor manufacturing as a function of a GDP shows anything other than we have HISTORICALLY been a cheap producer.

If you want a good example of what is happening to Malaysia. Look at Russia over the last year, and it's currency. We look more like THAT than China.

I'd probably bet on SGD. USD is currently at a scary high, and the Central Bank just said they might not increase rates this year due to the uncertainty in Greece. It's more fundamental trading though and fairly long-term.

You're absolutely right about that

I have no problems with anything u are saying. From an economics perspective ure mostly right.

But that isn't what's happening atm. It isn't a case of weak currency leads to increase growth in GDP. Now it's a case of a depreciating currency AND a reduction in GDP growth. So... Using your game theory terminology, it's more like a negative some game. In out payoff is negative no matter what hahahaha

No ah... same theory applies... Medical tourism and tourism, although different industries have the same economic impact. Whether the tourist are coming over to buy coconut or medicine, it still is inflow of foreign currency, and thus theoretically help the economy.

Except prices and taxes

lol. it was a joke.