Malaysia in Transition

Anis Chowdhury
Additional contact information
Anis Chowdhury: University of Western Sydney, Macarthur

Philippine Review of Economics, 1996, vol. 33, issue 1, 59-87

Abstract: The Malaysian economy has undergone rapid transformation within a short span of two decades and has a vision to become a fully developed economy by the year 2020. This paper provides a brief synopsis of this remarkable growth and structural change within Malaysia’s historical and political developments. It also highlights the problems associated with rapid transformation. The paper argues that the spectacular transformation of the economy cannot be explained by the conventional wisdom of either neo-classical variety or statist paradigm. The paper attributes much of Malaysia’s success to its racial compact at the time of independence and the subsequent pursuit of the New Economic Policy which aimed at racial and political harmony within the context of a growing economy. How successfully Malaysia can move toward an "innovation driven" society will depend very much on its success at political reforms toward a more open and plural system.

Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
http://pre.econ.upd.edu.ph/index.php/pre/article/view/105/719 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:phs:prejrn:v:33:y:1996:i:1:p:59-87

Access Statistics for this article

More articles in Philippine Review of Economics from University of the Philippines School of Economics and Philippine Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by HR Rabe ().