The United States and the Malaysian Economy


Book Description

Introduction : The US, colonial rule and the Malayan economy -- US and Malaya connections: 1870-1918 -- strengthening ties, 1919-1957 -- Mining : Yukon gold to Pacific tin -- Plantation : United States Rubber Company -- Taking the high road : Ford Malaya -- Conclusion : counting the cost -- Epilogue : the future looks bright.







The United States and Malaysia


Book Description

This volume, a discerning examination of what might be termed Greater Malaysia, is the first comprehensive analysis of American-Malaysian relations and Malaysian foreign policy. A strategic geographic position and rich natural resources lend obvious importance to this region, which encompasses Malaysia, Singapore, and Brunei. But it is especially significant for its extraordinary political, cultural, and economic accomplishments. Achieving a peaceful transition from British colonies to independence, Malaysia and Singapore formed strong democratic governments and assumed an increasingly responsible role in the international community. The Malay, Chinese, and Indian residents of this area are a fine example of three communities of differing race, religion, and way of life existing together in harmony and cooperation. And the economic system, a successful combination of free enterprise and an extensive social welfare program, continues its stable development. Mr. Gould introduces his work with a geographic description of the lands, a lively ethnographic portrait of each of the three major racial communities, and a brief history of the numerous cultures that have had an impact on the Malaysian peoples. He then examines the governments of Malaysia, which have the problem of "creating a nation out of a multi-racial society in which communalism and local interests are far stronger than the sense of nationalism." Proceeding to the larger problem of establishing a Malaysian nation, he analyzes the forces promoting unity and disunity. Surveying Malaysia's economic progress, the author notes its dependence on the United States, the biggest buyer of Malaysia's rubber and tin, and he projects sustained economic growth. He then discusses Malaysia's regional and international relations, outlining those factors that influence its foreign policy. Concluding with a perceptive interpretation of the United States's connection to the area, he highlights the long history of friendship; the economic interdependence; the American commitment to help Malaysia maintain its political independence and further develop its viable economy; and recent aid and political relations.




Growth and Structural Change in the Malaysian Economy


Book Description

This book attempts to understand economic developments in Malaysia in the early and mid-Eighties, focusing on growth, balance of payments, fiscal and debt trends. They are all seen against global trends, earlier developments in the Malaysian economy and other changes in Malaysian society.




Malaysia's Political Economy


Book Description

This book uses the concepts of rent and rent-seeking to study Malaysian political economy.




Law, Institutions and Malaysian Economic Development


Book Description

This pioneering volume develops an institutionalist analysis of Malaysias post-colonial economy by exploring the political economy of development and particularly the interface between economics and law. The various authors show that economic policy initiatives in Malaysia have often been accompanied by corresponding legislative and regulatory reforms intended to create an appropriate legal environment, and that economic problems or crises arising from earlier policies have led to major legislative innovations.




Malaysia


Book Description




Reflections on the Malaysian Economy Post-GE 14 : Issues and Challenges (UUM Press)


Book Description

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







Evaluating the Malaysian Economy 2009 – 2018: Growth, Development and Policies (UUM Press)


Book Description

Malaysia was once on the cusp of becoming one of the ‘Asian Tigers’ as a result of the impressively high growth rates recorded in the early 1990s. From 1990 until 1997, the growth rate was above 9 percent per annum on average. This performance came to an end when the economy was struck by the 1997/98 Asian Financial Crisis, the worst economic crisis Malaysia has ever experienced since independence. Things eventually worsened with the onslaught of the 2008/09 Global Financial Crisis, which dragged the Malaysian economy yet into another round of a recession with the growth rate contracting at 1.5 percent in 2009. On hindsight, these two events, which have had a substantial impact on the state of the Malaysian economy, pointed to several urgent calls for economic reforms, such as the need to address structural weaknesses of the economy and to have a growth target which is both sustainable as well as inclusive. When Datuk Seri Najib Razak became the sixth Prime Minister of Malaysia from April 2009 until May 2018, it was clear that a new approach to economic development for Malaysia had to be crafted. Towards this end, he introduced the National Transformation Policy (NTP), so that the economy can be transformed into one that is of high-income and developed status by the year 2020. He also set a new vision for Malaysia, also known as the 2050 National Transformation, or TN50, which is meant to chart a new course for Malaysia to move into the second half of the 21st century. How successful is this transformational agenda? What are the other issues and challenges which need to be addressed? What important lessons can we learn from this transformational journey? This book is an attempt to address these specific questions by assessing Najib’s economic plans, policies, programmes and vision which evolved during the nine years of his term as the sixth Prime Minister of Malaysia.