Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
---|---|---|---|---|---|
Searching... | 30000010297486 | HC445.5 M3563 2012 | Open Access Book | Book | Searching... |
Searching... | 30000010306763 | HC445.5 M3563 2012 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
This book examines the various economic, political and developmental policy challenges that Malaysia faces in her shift from a middle income to high-income economy. This issue is of great interest to academics, policy makers and development practitioners in the developing world, particularly in middle-income economies where there is a widespread concern about the challenges of managing such a transition.
Malaysia is one of the developing world's greatest success stories. The book argues that as one of the developing world's most open economies, with a reputation for prudent macroeconomic management, Malaysia has achieved consistent growth since independence. It has moved from a largely resource-based economy to a multinational-led, export-oriented, industrial economy. Despite this success, Malaysia, like other developing countries, is currently at a crossroads in its development strategy; it is in danger of being unable to graduate to the level of more advanced economies - such as Korea, Taiwan and Singapore - but with the basis of its success at risk from competition from efficient, lower-wage countries - such as China, India and Vietnam. Moreover, there are new threats to the political stability and affirmative action programmes which have successfully held together a very racially diverse population.
Author Notes
Hal Hill is the H.W. Arndt Professor of Southeast Asian Economies in the Department of Economics, Australian National University.
Tham Siew Yean is a Professor and Principal Fellow at the Institute of Malaysian and International Studies (IKMAS), National University of Malaysia.Ragayah Haji Mat Zin is a Professor and Principal Fellow at the Institute of Malaysian and International Studies (IKMAS), National University of Malaysia.