IntroductionCan we imagine what will happen to Malaysia after a few decades? Malaysia's debt crisis is worsening due to poor management by individuals. A serious debt crisis could lead to the bankruptcy of our country. National leaders should encourage others to move away from debt. If this scenario continues, Malaysia could follow in the footsteps of Greece, Spain, Italy and Portugal. Debt crisis can be avoided by providing training and education to employees, improving management of individual personal finances, and screening candidates during the hiring process. Context Paragraph Debt crisis is becoming common and is being faced to most citizens in Malaysia. Between June 1997 and January 1998, a financial crisis swept through the “tiger economies” of Southeast Asia like wildfire. Over the previous decade, the Southeast Asian states of Thailand, Malaysia, Singapore, Indonesia, Hong Kong and South Korea had recorded some of the most impressive economic growth rates in the world. Their economies had been growing at a compound rate of 6 to 9 percent per year, as measured by gross domestic product. This Asian miracle, however, appeared to have come to an abrupt end in late 1997 when, from country to country, local stock markets and foreign exchange markets imploded. When the dust began to settle in January 1998, the stock markets of many of these states had lost more than 70 percent of their value, their currencies had depreciated by a similar amount against the U.S. dollar, and the leaders once proud of these nations had been forced to head to the International Monetary Fund (IMF) to beg for massive financial aid. (WLHill, nd)Provide sufficient training and education to the senior management team. Courses such as the leadership and motivation program will all...... middle of paper ......s, many future problems can be reduced and thus help to improve the profits of the organization. We therefore see that filtering the employee recruitment process is essential. Because good employees can form a good organization, at the same time a good organization generates good profits and is also able to produce a good GDP for our country and therefore we can guard against budget deficit which will eventually lead to a crisis debt.ConclusionIn a nutshell, the debt crisis must be addressed immediately through actions such as providing sufficient training and courses, improving individual personal finance skills and filtering the recruitment process of employees to prevent it from spreading. Future generations should have been more aware of this problem. If no immediate action is taken, I believe that in the future the debt crisis will worsen..