Mansur Shah of Malacca - Economic Policy

Economic Policy

Mansur Shah reduced taxes on trade items during his reign. This increased the interest of merchants to trade in the port of Malacca. The Preferential Tariff System was introduced. Merchants from the west of Malacca such as Arabia and India were imposed a 6% tax on trade items while merchants from around the Malay archipelago were imposed 3% taxes. However, merchants from China, Japan and Java were not taxed at all. Another economic advantage of Malacca was the easy access to labourers.

Read more about this topic:  Mansur Shah Of Malacca

Famous quotes containing the words economic and/or policy:

    Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.
    Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)

    While I am in favor of the Government promptly enforcing the laws for the present, defending the forts and collecting the revenue, I am not in favor of a war policy with a view to the conquest of any of the slave States; except such as are needed to give us a good boundary. If Maryland attempts to go off, suppress her in order to save the Potomac and the District of Columbia. Cut a piece off of western Virginia and keep Missouri and all the Territories.
    Rutherford Birchard Hayes (1822–1893)