|
 The
Changing Phases of MALAYSIAN ECONOMY
Samuel
Bassey Okposin, Abdul Halim Abdul Hamid & Ong Hway Boon
Content
Page
This
book examines the changing phases of the Malaysian economy since
independence in 1957. Agriculture was the main source of growth
in the early phase of development. In the 1960s and 1970s, import-substitution
and export-orientated industrialisation propelled economic growth.
In the 1980s, investment and the growing service was the engine
of growth. In the 1990s, the economy is sustained through productivity
and industrial upgrading to higher value-added industries.
Besides
addressing the various cyclical downturns, as well as the speculative
attack on Asian economies, this book also deals with issues pertaining
to agricultural transformation, East Malaysian development, tourism
development, privatisation, environmental and manpower development.
The
arduous task involved in attaining the achievements of the last
four decades were brought to a virtual standstill in mid-1997 due
to the Asian financial crisis. However, the Malaysian economy has
benefited much from the government's policy of selective capital
controls, despite opposition. Besides breaking the vicious downward
spiral that the exchange rate instability had set in motion, capital
control measures were also used to minimise the negative impact
of large short-term capital flows into and out of Malaysia.
 |
| ISBN: |
1-901919-25-0 |
| Price: |
£45.00 |
| Publication
Date: |
1999 |
| Dimension
(inches): |
8.5 x 5.5 (Paperback) |
| Pages: |
308 |
| Language: |
English |
|
Copyright©
ASEAN Academic Press London |
