Pakistan Declared Bankruptcy after Sri Lanka: What is Wrong with the Asian Economy? An In-depth Exploration of Psychological Well-being of International Malaysian Students in the United States in the Context of Emerging Economic Turbulence

Abstract

Asian economies are passing through a challenging time especially after the global pandemic. After declaring bankruptcy by Pakistan followed by Sri Lanka, it has sent a shockwave across the globes to all Asian citizens worldwide, particularly to international students. This research conducted a mixed methodological approach by interviewing 10 Asian policymakers, 20 psychiatrists and 80 Malaysian international students in the United States. Verbatim expression was maintained for precision and focus group discussions were conducted for holistic analysis of the merging psychological concerns. The paper found Malaysian students are experiencing a high level of trauma since the event of Pakistan. A majority of the participants expressed their concerns regarding economic stability, and we found a high-volume growth in visit to psychological centre by the Malaysians recently. This research revealed policymakers are emphasizing on regaining economic stability rather than focusing on the mental health aspects. Further studies are to be conducted to understand the context holistically.