Malaysia's Development Challenges
Malaysia's Development Challenges

Author: Hal Hill

Publisher: Routledge

Published: 2013-07-03

Total Pages: 434

ISBN-13: 1136626603

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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.

Issues and Challenges in the Malaysian Economy
Issues and Challenges in the Malaysian Economy

Author: Mohd Fahmee Ab Hamid

Publisher: Emerald Group Publishing

Published: 2019-11-06

Total Pages: 74

ISBN-13: 1838674810

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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.

Towards a Competitive Malaysia
Towards a Competitive Malaysia

Author: Mohammad Bakri Musa

Publisher: iUniverse

Published: 2007

Total Pages: 480

ISBN-13:

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Malaysia's foremost challenges are the fragmentation of its society and deterioration of its institutions. Social stability is a prerequisite for economic growth, and effective institutions for optimizing it. The deepening polarization of Malays poses a far greater threat than the more readily recognized divisions between the races, while Malaysian institutions are fast losing their integrity and effectiveness through the twin blights of corruption and incompetence. The author presents the framework of his ""Diamond of Development"" through enhancing its four cardinal elements: leadership, people, culture, and geography. Optimizing all four, with each synergistically reinforcing the other, would propel Malaysia into its next trajectory of development. Malaysia has done many things right: attaining independence peacefully, defeating the communist insurgency, and achieving economic growth with equity. Those should give Malaysians confidence to tackle the current challenges. Regionally Malaysia should integrate its economy with Brunei and Indonesia (IMB) instead of the ambitious and unattainable ASEAN common market. Malaysia could potentially lead the greater Malay world through IMB and then be a model for the Muslim world in demonstrating the compatibility of Islam with modernity. Malaysia is also ideally positioned to bridge East and West, as well as the West and the Islamic world.

Malaysia’s Leap Into the Future
Malaysia’s Leap Into the Future

Author: Rajah Rasiah

Publisher: Springer Nature

Published: 2022-03-21

Total Pages: 373

ISBN-13: 9811670455

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This book presents the future development of Malaysia. It puts together building blocks to achieve a better future. These blocks are poverty and income inequality, population, demography and urbanization, growth and technological progress, education, human capital and skills, finance, labor, the environment, and health care. It examines the reasons for the decline in the agricultural sector with an emphasis on food security. It discusses Malaysia’s economic growth and structural change compared to some of the Northeast East Asian and Southeast Asian countries. It explains the projections of population and demographic change and its bearing on government policies. It evaluates the country’s education sector and discusses the strategies to improve its role in the country further. It argues for replacing ethnic-based approaches with a needs-based system for the future direction to build a plural Malaysia. This insightful book is of interest across several fields, including demography, economic development, and urbanization.

Education in Malaysia
Education in Malaysia

Author: Moses Samuel

Publisher: Springer

Published: 2017-07-11

Total Pages: 191

ISBN-13: 9811044279

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This book examines Malaysia’s educational landscape, providing a contemporary study of key themes that have emerged in this multicultural, multi-ethnic society, as it attempts to shift from a middle-income to a high-income nation. Combining contributions by scholars from various fields—such as economics, history, sociology, political science and, of course, education—the book provides richer insights into Malaysia. Offering a unique resource, it will be of particular interest to educators, researchers, students, policymakers and members of the public who want to be updated on the latest trends and challenges in Malaysian education.

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

Malaysia's Economic Challenges
Malaysia's Economic Challenges

Author: Ramon V. Navaratnam

Publisher:

Published: 2003

Total Pages: 696

ISBN-13:

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Malaysia's economic development process and experience is unique. This book explores the country's economic policies: their implementation, impact and effectiveness, and provides the sorely needed economic literature on the Malaysian experience. By highlighting institutional weakness, the author recommends overdue reforms in the economic and banking sectors and in Malaysian public administration. By seeking to fathom the depths of the Asian financial crisis of 1997, he draws lessons from it and looks at ways to reshape the Malaysian economy in the tide of globalization, besides urging reforms and suggesting how both the Malaysian government and private sector can benefit from the challenges ahead. By combining an analytical approach with plain, communicative language, the author offers a cogent assessment of what Malaysia needs to do today to build a better tomorrow.