Malaysian Industrialization, Ethnic Divisions, and the NIC Model: The Limits to Replication

Paul Lubeck
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Paul Lubeck: Center for Global Transfonnations Merill College University of California Sante Cruz California U.SA

Jurnal Ekonomi Malaysia, 1992, vol. 26, issue December, 67-93

Abstract: The paper examines the possibility of Malaysia , as an aspiring NIC of Southeast Asia, to replicate the successful industrialization of the East Asian NICs which was attributed to key political institutions and a strong class of indigenous industrialists. Within the context of colonial heritage and ethnic diversity, the writer discusses both the positive and negative aspects of the prospect, On the positive side, continuous growth, divesification of production and improved income distribution pave the way for “NICdom†. On the negative side are the structural weaknesses, massive state intervention and weak relationship between state and business.

Date: 1992
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