Malaysia's Development Challenges: Graduating from the Middle (Routledge Malaysian Studies Series) - Hardcover

Hardcover

ISBN 10: 0415614368 ISBN 13: 9780415614368

Publisher: Routledge, 2011

Synopsis

This book examines the various economic, political and developmental policy challenges that Malaysia faces in her shift from a middle income to high-income economy. This issue is of great interest to academics, policy makers and development practitioners in the developing world, particularly in middle-income economies where there is a widespread concern about the challenges of managing such a transition.

Malaysia is one of the developing world's greatest success stories. The book argues that as one of the developing world's most open economies, with a reputation for prudent macroeconomic management, Malaysia has achieved consistent growth since independence. It has moved from a largely resource-based economy to a multinational-led, export-oriented, industrial economy. Despite this success, Malaysia, like other developing countries, is currently at a crossroads in its development strategy; it is in danger of being unable to graduate to the level of more advanced economies - such as Korea, Taiwan and Singapore - but with the basis of its success at risk from competition from efficient, lower-wage countries - such as China, India and Vietnam. Moreover, there are new threats to the political stability and affirmative action programmes which have successfully held together a very racially diverse population.

About this title

About the Author

Hal Hill is the H.W. Arndt Professor of Southeast Asian Economies in the Department of Economics, Australian National University.

Tham Siew Yean is a Professor and Principal Fellow at the Institute of Malaysian and International Studies (IKMAS), National University of Malaysia.

Ragayah Haji Mat Zin is a Professor and Principal Fellow at the Institute of Malaysian and International Studies (IKMAS), National University of Malaysia.

Edition details

• Publisher: Routledge
• Publication date: 2011
• Language: English
• ISBN 10: 0415614368
• ISBN 13: 9780415614368
• Binding: Hardcover
• Edition number: 1
• Number of pages: 350
• Editor: Hill Hal, Siew Yean Tham, Zin Ragayah Haji Mat