Growth and Structural Change in the Malaysian Economy

Growth and Structural Change in the Malaysian Economy PDF

Author: Kwame Sundaram Jomo

Publisher: Springer

Published: 2016-07-27

Total Pages: 283

ISBN-13: 1349209023

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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.

Issues and Challenges in the Malaysian Economy

Issues and Challenges in the Malaysian Economy PDF

Author: Mohd Fahmee Ab Hamid

Publisher: Emerald Publishing Limited

Published: 2019-11-06

Total Pages: 0

ISBN-13: 9781838674823

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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.

Charting the Economy

Charting the Economy PDF

Author: Sultan Nazrin Shah

Publisher: Oxford University Press, USA

Published: 2017

Total Pages: 234

ISBN-13: 9789834720148

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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.

Malaysia's Political Economy

Malaysia's Political Economy PDF

Author: Edmund Terence Gomez

Publisher: CUP Archive

Published: 1999-08-28

Total Pages: 252

ISBN-13: 9780521663687

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This book uses the concepts of rent and rent-seeking to study Malaysian political economy.

Issues and Challenges in the Malaysian Economy

Issues and Challenges in the Malaysian Economy PDF

Author: Mohd Fahmee Ab Hamid

Publisher: Emerald Group Publishing

Published: 2019-11-06

Total Pages: 152

ISBN-13: 1838674799

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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.

Reflections on the Malaysian Economy Post-GE 14 : Issues and Challenges (UUM Press)

Reflections on the Malaysian Economy Post-GE 14 : Issues and Challenges (UUM Press) PDF

Author: Irwan Shah Zainal Abidin

Publisher: UUM Press

Published: 2021-10-03

Total Pages: 144

ISBN-13: 9672486588

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The victory of the Pakatan Harapan (PH), or the Alliance of Hope on May 9, 2018 in the Malaysian 14th General Election (GE14) was not just stunning, but historic. Moreover, the second comeback of Tun Dr. Mahathir Mohamad as the seventh Prime Minister of Malaysia was indeed impressive. The results of the GE14 were clearly against the tide as many political pundits and analysts had predicted a win for the Barisan Nasional (BN) coalition with differences only in matters of margins. Similar to Malaysia’s 13th General Election (GE13), which was held on May 5, 2013, the main issue in the GE14 was also about the economy. The rise in cost of living was perhaps the mother of all issues which caused the downfall of the BN government for the first time since independence. Other crucial economic issues centered on alleged corruption practices and manifested through the 1Malaysia Development Berhad (1MDB) saga. As a new federal power for 22 months, the PH government had a daunting task not just to address economic issues mentioned above, but also the other alleged economic problems which they had highlighted in their election manifesto. On top of that, the PH government had the responsibility to maintain, if not to improve further what the BN government had done to the Malaysian economy in the past, of which World Bank economists described as a success story, “a very strong economy” and “growing towards a high-income.” Post-GE14, what is the state of the Malaysian economy and its direction? What are lessons that can be learned from the PH economic management? And with the Perikatan Nasional (PN) government succeeding the federal power in March 2020 in the midst of the Covid-19 pandemic, what are the pressing issues and what needs to be done moving forward especially in the context of the economic challenges arising from the pandemic and post-Covid-19 era? These are some critical questions which this book is trying to address. The book essentially argues for the need to give greater focus to economic issues above anything else by envisioning a new national vision and engineering a new wave of economic structural reforms primarily based on insights from the vast Malaysian economic history lessons

OECD Economic Surveys: Malaysia 2021

OECD Economic Surveys: Malaysia 2021 PDF

Author: OECD

Publisher: OECD Publishing

Published: 2021-08-12

Total Pages: 124

ISBN-13: 9264801545

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Like many other countries, Malaysia was hit hard by the COVID-19 pandemic starting in early 2020. Its past policy prudence has allowed Malaysia to react swiftly and boldly to the public health and economic crisis.

Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press)

Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press) PDF

Author: Irwan Shah Zainal Abidin

Publisher: UUM Press

Published: 2020-03-01

Total Pages: 219

ISBN-13: 9672363141

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Malaysia was once on the cusp of becoming one of the ‘Asian Tigers’ as a result of the impressively high growth rates recorded in the early 1990s. From 1990 until 1997, the growth rate was above 9 percent per annum on average. This performance came to an end when the economy was struck by the 1997/98 Asian Financial Crisis, the worst economic crisis Malaysia has ever experienced since independence. Things eventually worsened with the onslaught of the 2008/09 Global Financial Crisis, which dragged the Malaysian economy yet into another round of a recession with the growth rate contracting at 1.5 percent in 2009. On hindsight, these two events, which have had a substantial impact on the state of the Malaysian economy, pointed to several urgent calls for economic reforms, such as the need to address structural weaknesses of the economy and to have a growth target which is both sustainable as well as inclusive. When Datuk Seri Najib Razak became the sixth Prime Minister of Malaysia from April 2009 until May 2018, it was clear that a new approach to economic development for Malaysia had to be crafted. Towards this end, he introduced the National Transformation Policy (NTP), so that the economy can be transformed into one that is of high-income and developed status by the year 2020. He also set a new vision for Malaysia, also known as the 2050 National Transformation, or TN50, which is meant to chart a new course for Malaysia to move into the second half of the 21st century. How successful is this transformational agenda? What are the other issues and challenges which need to be addressed? What important lessons can we learn from this transformational journey? This book is an attempt to address these specific questions by assessing Najib’s economic plans, policies, programmes and vision which evolved during the nine years of his term as the sixth Prime Minister of Malaysia.

An Economic History of Malaysia, c.1800-1990

An Economic History of Malaysia, c.1800-1990 PDF

Author: John Drabble

Publisher: Springer

Published: 2000-05-15

Total Pages: 320

ISBN-13: 0230389465

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An Economic History of Malaysia, c.1800-1990 , provides the first general history of the Malaysian economy over the past two centuries, including a survey of the pre-colonial era. A unique feature is that it integrates the historical experiences of Peninsular Malaysia, Sabah and Sarawak as a case study in the onset of modern economic growth. Particular attention is paid to explaining Malaysia's signal success in achieving a relatively smooth shift away from the primary commodity export economy of the colonial period to near-NIC status by 1990.