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Malaysia's Development Challenges

Graduating from the Middle

Edited by Hal Hill, Tham Siew Yean, Ragayah Haji Mat Zin

Routledge – 2012 – 350 pages

Series: Routledge Malaysian Studies Series

Purchasing Options:

  • Add to CartPaperback: $54.95
    978-0-415-63193-8
    May 1st 2012
  • Add to CartHardback: $165.00
    978-0-415-61436-8
    September 12th 2011

Description

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.

Contents

List of tables List of figures List of contributors Preface 1. Malaysian economic development: looking backward and forward - Hal Hill 2. Political challenges in economic upgrading: Malaysia compared with South Korea and Taiwan - Joan M. Nelson 3. The politics and policies of corporate development: race, rents and redistribution in Malaysia - Edmund Terence Gomez 4. The Malaysian economy during three crises - Prema-chandra Athukorala 5. Monetary policy and financial sector development - Michael Meow-Chung Yap and Kwek Kian Teng 6. Public sector resource management - Suresh Narayanan 7. Microeconomic reform in Malaysia - Cassey Lee 8. Services liberalization: the need for complementary policies - Tham Siew Yean and Loke Wai Heng 9. Is Malaysia’s electronics industry moving up the value chain? - Rajah Rasiah 10. The crisis in education - Lee Kiong Hock and Shyamala Nagaraj 11. Poverty eradication and income distribution - Ragayah Haji Mat Zin 12. Demographic and labour force dynamics - Gavin Jones 13. Shifting the policy goal from environment to sustainable development - A.A. Hezri and S.R. Dovers References Index

Author Bio

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.

Name: Malaysia's Development Challenges: Graduating from the Middle (Paperback)Routledge 
Description: Edited by Hal Hill, Tham Siew Yean, Ragayah Haji Mat Zin. 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...
Categories: South East Asian Economics, Economics and Development, Asian Economics, Development Economics, South Asia - Regional Development, Development Studies, Politics & Development, South East Asian Studies, South East Asian Politics, South East Asian Business, Asian Studies