The Effects of Barter Trade Suspension in Sabah

Sarma Aralas and Mohd Alliff Anwar Abu Bakar and Chan, Jennifer Kim Lian (2017) The Effects of Barter Trade Suspension in Sabah. Journal of BIMP-EAGA Regional Development, 3 (2). pp. 13-22. ISSN 2232-1055

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Abstract

The recent suspension of barter trade in Sabah, Malaysia, has caused losses in business revenues amounting to millions of ringgit and the loss of employment of hundreds of workers in the industry. We conducted a survey to quantify the impact of the barter trade suspension in major barter trade locations which included Tawau, Sandakan, and Lahad Datu, major cities in Sabah that are considered the hubs of barter trading in the state. Our survey findings show that the losses of direct income to traders due to the suspension range between RM1,680,000 - RM3,750,000 for eight traders in the survey sample conducted in May 2016. Other effects include the laying-off of barter-trade workers, and unemployment of employers, losses in the benefit of import-export activities through anticipated rising prices, losses in the diversity of consumption of imported products, and displacement of workers through relocation to other industry sectors or geographical regions to pursue new employment opportunities.

Item Type:	Article
Keyword:	Barter trade , Sabah, Malaysia , Business
Subjects:	H Social Sciences > H Social Sciences (General) > H1-99 Social sciences (General) H Social Sciences > HF Commerce > HF1-6182 Commerce > HF5001-6182 Business > HF5548.7-5548.85 Industrial psychology
Department:	FACULTY > Faculty of Business, Economics and Accounting
Depositing User:	SITI AZIZAH BINTI IDRIS -
Date Deposited:	12 Jul 2022 20:54
Last Modified:	12 Jul 2022 20:54
URI:	https://eprints.ums.edu.my/id/eprint/33131

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