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This book attempts to understand economic developments in Malaysia in the early and mid-Eighties, focusing on growth, balance of payments, fiscal and debt trends. They are all seen against global trends, earlier developments in the Malaysian economy and other changes in Malaysian society.
This book explores the relationship between the United States and the Malaysian economy, concentrating on the period 1870 to 1957, with particular focus on trade flows and foreign direct investment. This is the first book to examine, in depth, US economic involvement in colonial Malaya. Exploring the relationship between the United States and the M
Focusing on Malaysia's shifting economic profile and position, this book offers new insights and perspectives to scholars and researchers on a range of new developments impacting on growth, such as the effects of the digital economy on job creation and the threats of environmental degradation and trade protectionism.
This pioneering volume develops an institutionalist analysis of Malaysias post-colonial economy by exploring the political economy of development and particularly the interface between economics and law. The various authors show that economic policy initiatives in Malaysia have often been accompanied by corresponding legislative and regulatory reforms intended to create an appropriate legal environment, and that economic problems or crises arising from earlier policies have led to major legislative innovations.
Charting the Economy assesses the course of Malayas commodity-dependent economy during the first 40 years of the 20th century under British colonial control, contrasting it with economic growth and development in contemporary Malaysia. Drawing on archival documents to derive estimates of Malayas GDP and analysing trends, it breaks new ground in understanding the dynamics of economic performance. In the first half of the 20th century, the Malay Peninsula, like much of Southeast Asia, was under colonial rule. Colonialism facilitated the control of lands, institutions and peoples, as well as the exploitation of natural resources. Malayas economy was largely agrarian, supported by two primary commodity pillarstin and rubberproduced to meet the needs of the industries and people in Europe and North America. Sultan Nazrin Shah eloquently articulates how the economy rode a commodity roller-coaster. Being small and open, it was exceedingly vulnerable to external cyclical shocksWorld War I (19141918), the Roaring Twenties (19201929), and the Great Depression (19291932)which were the main causes of economic booms and busts. This book makes a compelling case that the colonial laissez-faire economic system worked well for the agency houses that repatriated huge profits but paid small dividends to the masses. Development was highly uneven, with growth and prosperity concentrated in and benefiting the Peninsulas west coast states, where most of the tin mines and rubber plantations were located. After independence, national control over economic management was accompanied by a long-term vision for a socially just nation. Real GDP growth in post-independence Malaysia brought rapid advances in standards of living.
Focusing on Malaysia's shifting economic profile and position, this book offers new insights and perspectives to scholars and researchers on a range of new developments impacting on growth, such as the effects of the digital economy on job creation and the threats of environmental degradation and trade protectionism.
The Malaysian economy is developing fast within the context of increasing globalization. The book analyses in depth Malaysia's policies aimed at promoting international trade, economic growth and social welfare. It also studies Malaysia's position in the Southeast Asia region and in a global context. This analysis forms the basis for the formulation of an alternative development strategy, whose aim is producing a caring civil society and enhancing the general welfare of the population while developing the economy.
This book examines the various economic, political and developmental policy challenges that Malaysia faces in its shift from a middle income to high-income economy. It covers subjects such as technology, education and skills, the promotion of entrpreneurship, social, monetary policy and governance issues.
An authoritative study of the Malaysian economy and labour market. Malaysia has enjoyed an enviable growth record over twenty-five years which few nations can match, and has also been keen to judge her performance against non-growth criteria of poverty eradication and national unity following the emergence of racial conflict in 1969. There are many lessons for policy-makers elsewhere of this active approach to poverty eradication and social restructuring while generating rapid growth, which stands in sharp contrast to laissez-faire orthodoxy.