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Cover image for Malaysian business in the new era
Title:
Malaysian business in the new era
Publication Information:
Cheltenham, UK : Edward Elgar, 2001.
ISBN:
9781840646245
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30000010080131 HC445.5 M3374 2001 Open Access Book Book
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30000004509869 HC445.5 M3374 2001 Open Access Book Book
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Summary

Summary

This volume explores Malaysian business in the era that began with the Asian financial crisis of 1997-1999. The contributions, by a broad range of international experts, are informed by a wish to identify what Malaysia needs to do to sustain economic growth, remain internationally competitive and further social stability in the post-crisis period.

Malaysia's unconventional response to the crisis suggests that its business community has developed a new level of confidence in its ability to adopt and sustain innovative policies even when these strategies challenge the international financial community. This response is perceived as evidence that Malaysian business has indeed entered a new era characterised by a high level of confidence in the nation's capacity to weather the external periodic shocks that are a feature of the current wave of globalisation. The book argues that there are grounds for optimism in this regard while recognising that the true test will occur when Malaysia is compelled to confront a major decline in its international export markets brought on by a truly major crisis such as an OECD-wide recession.

Business scholars and professionals as well as readers interested in Asian business and economics will find this volume informative.


Author Notes

Edited by Chris Nyland, Professor, Department of Management, Faculty of Business and Economics, Wendy Smith, formerly Senior Lecturer in Management and Director, Centre for Malaysian Studies, Russell Smyth, Senior Lecturer, Department of Economics and Marika Vicziany, Professor of Asian Political Economy and Director, Monash Asia Institute, Monash University, Australia


Table of Contents

Chris Nyland and Wendy Smith and Russell Smyth and Marika ViczianyPeter WilsonMarika Vicziany and Tan Sri Ramon Navaratnam and Koi Nyen Wong and Tim ThorntonErgun Dogan and Russell Smyth and Ian WillsDavid W. Edgington and Roger HayterRajah RasiahRon Edwards and Adlina Ahmad and Simon MossMita Bhattacharya and Koi Nyen WongStanley Richardson and Khong Kok WeiBetty Weiler and Sam H. HamAli Haidar and Len Pullin and Lim Hong Hai and Owen HughesP. RamasamyWendy A. Smith and Chris Nyland and Adlina AhmadIshak ShariAhmad Zubaidi Baharumshah and Azali Mohamed and Muzafar Shah HabibullahS. Gulay Avsar and Barry A. GossA. B. Shamsul
List of figuresp. vii
List of tablesp. ix
List of contributorsp. xiii
Prefacep. xvii
1. Economic and social adjustment in Malaysia in the 'new' business erap. 1
2. Malaysian export competitiveness compared with the dynamic Asian economies: past performance and prospects for the next millenniump. 11
3. Australian business attitudes to Malaysiap. 29
4. Transaction costs of cross-cultural exchange: Evidence from Australia-Malaysia case studiesp. 51
5. Japanese electronics firms in Malaysia: After the financial crisisp. 67
6. The importance of size in the growth and performance of the electrical industrial machinery and apparatus industry in Malaysiap. 81
7. Sustaining the growth effects of foreign investment: The case of multinational subsidiaries in Malaysiap. 99
8. Market performance and the speed of the invisible hand: The case of Malaysian manufacturingp. 113
9. A comparison of business process re-engineering with other management techniques in Malaysiap. 129
10. Tour guide training: Lessons for Malaysia about what works and what's neededp. 149
11. Economic growth, international competitiveness and public service moral values: A study of Penang Island Municipal Council officersp. 163
12. Globalisation and labour in Malaysiap. 179
13. Islamic identity and work in Malaysia: Islamic work ethics in a Japanese joint venture in Malaysiap. 189
14. The 1997-98 financial crisis in Malaysia and its social impact: Some lessonsp. 203
15. What determines the long-run movements of the Malaysian ringgit?p. 215
16. Returns to liquidity on KLOFFE (Kuala Lumpur Options and Financial Futures Exchange)p. 233
17. 'Asian values', moral communities and resistance in contemporary Malaysian politicsp. 245
Indexp. 261
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