This book examines the various economic, political and developmental policy challenges that Malaysia faces in its shift from a middle income to high-income economy. It covers subjects such as technology, education and skills, the promotion of entrpreneurship, social, monetary policy and governance issues.
This book presents development strategies and lessons based on a large range of 'success' countries across the developing world. In addition to the country cases, it presents regional and overall syntheses that cover orthodox vs. heterodox policies; the importance of capability, primary exports, diversification and financing; managing diversity; the role of institutions and governance; and human development. The book reveals much diversity in successful development strategies offered by the various select countries: for example, the 'disinterested-government' political economy of China; the democratically supported, high-service-sector development approach of India; the 'Washington-Consensus-based' reforms of Ghana and China; the diversification strategies of the United Arab Emirates (UAE), Bahrain and Oman; the dynamic orthodox-heterodox strategy of Malaysia and Vietnam; the effective natural-resource management of Botswana, Oman, Bahrain and the UAE; the social-sector underpinnings of development in Costa Rica and Tunisia; and the democratic political system of managing diversity in India. This refreshing approach to studying development will interest researchers, teachers, students, development practitioners and policymakers alike.
Until 2015, no refugees in Malaysia were able to access higher education, and they were unable to attend government schooling. Since then, six private higher education institutions have agreed to open their doors to refugees for the first time. This book contains stories from this small group of successful refugees, who have managed to receive higher education in a country that neither recognizes that they exist nor offers them even basic education. It identifies the factors that aided their success, and charts the challenges that they and their communities have faced. The authors present each story, based on interviews, within the context of the individual’s background and nation of origin. These stories are framed by a discussion of the situation that refugees face in accessing education globally, explaining how these stories and the methodologies used for this study are universal.
Despite being the third largest economy in Southeast Asia, Malaysian entrepreneurial activity is under-reported in the scholarly literature. This book extends such research by examining the impact of entrepreneurship on its economy and evaluating the existing systemic problems. The Malaysian economy has benefited from the density of knowledge-based businesses and utilization of the latest technologies in the manufacturing and digital economies. However, Malaysia faces ongoing challenges, namely concentration of wealth in the city, high regional unemployment and workplace gender inequality. In regional areas, there is an over-reliance on agriculture and necessity based entrepreneurship. Consequently, entrepreneurial activity has been encouraged with the creation of eco-systems, seed corn funding and provision of entrepreneurship education to offer entrepreneurial career choices. Providing recommendations and best practice for driving entrepreneurship and entrepreneurial behaviours, this contributed volume presents the first opportunity to reflect on both the success stories and systemic problems related to effective entrepreneurial behaviour in a South East Asian context.
This paper discusses how Malaysia can better protect itself from future shocks and avoid another crisis while it seeks to regain its position as one of the fastest growing economies in the world. To these ends, its strategy should include continued structural reforms to achieve healthy balance sheets of the banking and corporate sectors; further deregulation to promote competition and efficiency; and consistent macroeconomic policies to maintain financial stability and sustainable fiscal and external positions. Malaysia's economic structure and performance were relatively strong prior to the crisis. Malaysia’s initial low level of short-term external debt enabled it to maintain foreign reserves at a reasonably high level, and this contributed to relatively robust external and domestic confidence early on in the crisis. As a consequence of financial vigilance exercised through prudential regulation of capital movements, the exposure of the financial and corporate systems was contained. Stock market capitalization in Malaysia grew to an extremely high level prior to the crisis, reflecting both the fast expansion of the capital market and liberal capital account regime.
"Malaysia has long had an ambivalent relationship to globalization. A shining example of export-led growth and the positive role for foreign investment, the country's political leadership has also expressed skepticism about the prevailing international political and economic order. In this compelling collection, Nelson, Meerman and Rahman Embong bring together a group of Malaysian and foreign scholars to dissect the effects of globalization on Malaysian development over the long-run. They consider the full spectrum of issues from economic and social policy to new challenges from transnational Islam, and are unafraid of voicing skepticism where the effects of globalization are overblown. Malaysia is surprisingly understudied in comparative context; this volume remedies that, and provides an overview of a country undergoing important political change." – Stephan Haggard, Krause Professor, Graduate School of International Relations and Pacific Studies, University of California, San Diego
This colorfully illustrated multicultural children's book presents Malaysian fairy tales and other folk stories--providing insight into a rich literary culture. Malaysian Children's Favourite Stories is collection of folk tales drawn from the rich treasure trove of legends and historical stories in the lush Southeast Asian nation of Malaysia. This story book contains a fascinating collection of tales of brash animals, brave villagers and of course handsome princes and beautiful princesses, all set in strange and exotic locations. These stories are widely retold and much beloved by children and adults throughout Malaysia to this day. Retold for the first time here for an international audience, the beautifully illustrated tales in this story book will give children insights into the traditional culture and rich natural environment of Malaysia. Malaysian children's tales include: The Princess of Mount Ledang Badang, the Strongest Man below the Wind How the Tapir Got Its Colours The King of the Crocodiles The Dragon of Kinabalu And more! The Children's Favorite Stories series was created to share the folktales and legends most beloved by children in the East with young readers of all backgrounds in the West. Other multicultural children's books in this series include: Asian Children's Favorite Stories, Indian Children's Favorite Stories, Japanese Children's Favorite Stories, Indonesian Children's Favorite Stories, Singapore Children's Favorite Stories, Filipino Favorite Children's Stories, Favorite Children's Stories from China & Tibet, Chinese Children's Favorite Stories, Korean Children's Favorite Stories, Balinese Children's Favorite Stories, and Vietnamese Children's Favorite Stories.
Examines the understanding, practices and challenges that Malaysia's higher education institutions face in their efforts to internationalize. This issue is of great importance to academics, policy-makers and students in Malaysia, given the country's aspiration to become a hub for higher education.