Malaysia@50: Economic Development, Distribution, Disparities
Malaysia@50: Economic Development, Distribution, Disparities

Author: Jomo Kwame Sundaram

Publisher: World Scientific

Published: 2013-09-16

Total Pages: 215

ISBN-13: 9814571563

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Malaysia has grown and changed a great deal since it was formed on 16 September 1963. It was then seen as an unlikely nation hastily put together as a federation of British controlled territories in the region. Brunei's refusal to join at the eleventh hour and Singapore's secession before its second birthday only seemed to confirm such doubts.Yet, it has not only survived, but even thrived, often cited as a developing country worthy of emulation. Ruled by the same ruling coalition since the mid-1950s, it has been tempting to emphasize continuities, and there certainly have been many.Looking back at its last half century, this volume first considers changes in development policy in response to national as well as international developments. The remaining three parts consider how public policy has been influenced by and has, in turn, influenced economic distribution, public finance and economic federalism.Besides the familiar focus on ethnic disparities, regional and other distribution issues are considered. The discussion of government taxation as well as spending also focuses on distribution implications. Although constitutionally a federation, Malaysia has been more centralized than most federal states.The way forward requires greater sensitivity to the complex political economy of Malaysia's unlikely, but nonetheless resilient federation and ruling coalition.This book is published and distributed worldwide by World Scientific Publishing Co Pte Ltd except Malaysia.

Development and Distribution
Development and Distribution

Author: Andy Sumner

Publisher: Oxford University Press

Published: 2018-07-03

Total Pages: 292

ISBN-13: 0192510762

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Since the Second World War, surprisingly few developing countries have experienced a truly sustained episode of economic and social convergence towards the structural characteristics of the advanced nations. East Asia has exceeded most regions in its achievement of convergence, and much has been written on comparative industrialization and development in North East Asia. Less discussed is South East Asia and the surprising and inclusive transformation several of its countries has undergone. Development and Distribution focuses on South East Asia and, more specifically, on Malaysia, Indonesia, and Thailand. These three nations have all undergone a major transformation - in a way never anticipated - from being poor, agrarian countries to middle-income countries with developed industrial and manufacturing bases. How did Malaysia, Indonesia, and Thailand achieve such a transformation, and how did they achieve the transformation with a form of economic growth that was driven by structural transformation, but that was 'inclusive'? Given that historically it has been thought that structural transformation tends to push up inequality, whilst inclusive growth necessitates static or even falling inequality, this last point is particularly salient to developing countries. Understanding how the transformation was possible in a relatively small space of time, the extent to which it was inclusive, and the caveats and prospects for South East Asia is thus an area of enquiry significant to all developing countries as they seek economic and social transformation.

Malaysia@50
Malaysia@50

Author: Jomo Kwame Sundaram

Publisher: World Scientific Publishing Company Incorporated

Published: 2014

Total Pages: 198

ISBN-13: 9789814571388

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Malaysia has grown and changed a great deal since it was formed on 16 September 1963. It was then seen as an unlikely nation hastily put together as a federation of British controlled territories in the region. Brunei's refusal to join at the eleventh hour and Singapore's secession before its second birthday only seemed to confirm such doubts.Yet, it has not only survived, but even thrived, often cited as a developing country worthy of emulation. Ruled by the same ruling coalition since the mid-1950s, it has been tempting to emphasize continuities, and there certainly have been many.Looking back at its last half century, this volume first considers changes in development policy in response to national as well as international developments. The remaining three parts consider how public policy has been influenced by and has, in turn, influenced economic distribution, public finance and economic federalism.Besides the familiar focus on ethnic disparities, regional and other distribution issues are considered. The discussion of government taxation as well as spending also focuses on distribution implications. Although constitutionally a federation, Malaysia has been more centralized than most federal states.The way forward requires greater sensitivity to the complex political economy of Malaysia's unlikely, but nonetheless resilient federation and ruling coalition.This book is published and distributed worldwide by World Scientific Publishing Co Pte Ltd except Malaysia.

Corporate Management Ecosystem in Emerging Economies
Corporate Management Ecosystem in Emerging Economies

Author: Fred A. Yamoah

Publisher: Springer Nature

Published: 2023-12-20

Total Pages: 482

ISBN-13: 3031415787

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Emerging economies, as actively changing societies, invoke questions about the future direction for national and global development as well as equitable economic growth. In this book, the Editors argue that understanding the corporate management ecosystem of emerging economies is key to business success in the globalized economy. Discussing the key attributes of emerging economies (for example, population dynamics, labour and production patterns, employment, and foreign direct investment) and the connection with governance, marketing, innovation management, and supply chain research and practice, the book highlights the distinctiveness of corporate management dynamics in comparison with existing knowledge that is dominated by developed country frameworks. The book offers twenty-one case studies that cover examples of corporate management research and practice in both local and international companies, making this a valuable resource for students, academics and industry stakeholders.

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

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.

Economic Development in Ghana and Malaysia
Economic Development in Ghana and Malaysia

Author: Samuel K. Andoh

Publisher: Routledge

Published: 2020-02-05

Total Pages: 110

ISBN-13: 1351047272

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Economic Development in Ghana and Malaysia investigates why two countries that appeared to be at more or less the same stage of economic development at one point in time have diverged so substantially. At the time of their independence from the UK in 1957, both Ghana and Malaysia were at roughly the same stage of economic development; in fact, Ghana’s real per capita income was slightly ahead of Malaysia’s. Since then, Ghana’s development has been sluggish, while Malaysia’s economy has taken off into sustained growth and today, the real per capita income of Malaysia is about five times that of Ghana. This volume examines the pre-colonial and colonial economies of both countries, and the economic policies pursued after independence. In doing so, it aims to identify policies which might have contributed to Malaysia’s development and those which might have slowed Ghana’s. The authors ask whether lessons can be learned from the successes of countries such as Malaysia. This detailed comparative analysis will be useful to students and researchers of development economics as well as public policy makers in developing countries. It is written in language which makes it accessible to the general reader.

Addressing Economic Challenges of the Covid-19 Pandemic: A Malaysian Experience (UUM Press)
Addressing Economic Challenges of the Covid-19 Pandemic: A Malaysian Experience (UUM Press)

Author: Irwan Shah Zainal Abidin

Publisher: UUM Press

Published: 2022-11-20

Total Pages: 170

ISBN-13: 9670031281

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This book is about explaining and analysing Malaysia’s response to the COVID-19 pandemic, especially in the context of the Malaysian economy. This book serves as an important historical account for Malaysia and for Malaysian economic history in particular, as this COVID-19 pandemic challenges are indeed unprecedented. This book is crucial, especially for policymakers, undergraduate and postgraduate students, academics, as well as the general public at large to understand what happened and make sense of what measures and results of what the Malaysian government has done.

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)

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

Asia after the Developmental State
Asia after the Developmental State

Author: Toby Carroll

Publisher: Cambridge University Press

Published: 2017-10-12

Total Pages: 517

ISBN-13: 1107137160

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Disembedding autonomy : Asia after the developmental state / Toby Carroll and Darryl S.L. Jarvis -- The origins of East Asia's developmental states and the pressures for change / Richard Stubbs -- Globalization and development : the evolving idea of the developmental state / Shigeko Hayashi -- Late capitalism and the shift from the development state to the variegated market state / Toby Carroll -- Capitalist development in the 21st century : states and global competitiveness / Paul Cammack -- From Japan's Prussian path to China's Singapore model : learning authoritarian developmentalism / Mark Thompson -- What does China's rise mean for the developmental state paradigm? / Mark Beeson -- The state and development in Malaysia : race, class and markets / Darryl S.L. Jarvis -- Survival of the weakest? : the politics of independent regulatory agencies in Indonesia / Jamie Davidson -- The Pandora's box of neoliberalism : housing reforms in China and South Korea / Siu-yau Lee -- Health care and the state in China / M. Ramesh and Azad Bali -- Wither the developmental state? : adaptive state entrepreneurship and social policy expansion in China / Ka Ho Mok -- Public-private partnerships in the water sector in Southeast Asia : trends, issues and lessons / Schuyler House and Wu Xun -- Higher education and the developmental state : the view from East and Southeast Asia / Anthony Welch -- State, capital, and the politics of stratification : a comparative study of welfare regimes in marketizing Asia / Jonathan London -- Modifying recipes : insights on Japanese electricity sector reform and lessons for China / Scott Victor Valentine

SMEs and Economic Integration in Southeast Asia
SMEs and Economic Integration in Southeast Asia

Author: Cassey Lee

Publisher: ISEAS-Yusof Ishak Institute

Published: 2019-04-29

Total Pages: 659

ISBN-13: 981481878X

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Small and medium-sized enterprises (SMEs) account for about 97–99 per cent of total enterprises and 60–80 per cent of total employment in ASEAN countries. The participation of SMEs is thus crucial for achieving greater regional economic integration amongst ASEAN countries. SMEs are, however, often constrained by many disadvantages that limit their abilities to become importers and exporters. This is well documented in the research literature on trade and firm size. This volume contains selected ASEAN country studies on the participation of SMEs in regional economic integration based on primary microdata. This is supplemented by empirical studies on the role played by East Asian multinational enterprises in the region. "The editors and authors of SMEs and Economic Integration in Southeast Asia are to be congratulated for this major contribution to the scholarly and policy literature on a subject of much public discussion but limited analytical research. The emphasis on economic integration highlights the importance of these firms in Southeast Asia’s growing regional and global engagement. The thirteen chapters, by leading authors in the field, comprise both insightful country analyses and careful examination of the links between SMEs and foreign investment." Hal Hill, H.W. Arndt Professor Emeritus of Southeast Asian Economies, Australian National University