Malaysia is a developing country that is growing quickly. It exports a significant percentage of its goods to the U.S. It has a higher inflation level than the U.S. but a relatively sound financial and economic system. For argument's sake, let's assume it has some foreign debt it owes to US banks and limited foreign reserves. They have hired you as a Stern student for a summer internship and asked you to advise them on their currency policies. They want to know: What are the major advantages and disadvantages of a stronger currency (i.e. overvalued) for Malaysia relative to the U.S. Dollar?