Malaysia's Political Economy: Politics, Patronage and Profits - Hardcover

Gomez, Edmund Terence; Jomo, K. S.

Hardcover

ISBN 10: 0521590078 ISBN 13: 9780521590075

Publisher: Cambridge University Press, 1997

Synopsis

This 1997 book is an insightful and accessible analysis of contemporary Malaysian business and politics. Using the concepts of rent and rent-seeking as tools to study the Malaysian political economy, the authors explore how political patronage influences the accumulation and concentration of wealth. The book considers the impact of party politics and economic development on the relationship between politics and business in Malaysia, and provides discussions of government-led change in Malaysia's business community, including the emergence of a Malay business class. In this revised edition, the authors examine how the 1997 Asian currency, liquidity and financial crises have impacted on Malaysia's economy. Their discussion canvasses various economic policy responses, including capital control measures, as well the ensuing economic recession and political turmoil.

About this title

Review

"Based on extensive case studies, Gomez' book is well documented and readable. Highly recommended for upper-division undergraduate through research collections." Choice "This is a richly detailed and carefully nuanced study of the evolution of Malaysia's political economy since 1970." Kit G. Machado, Pacific Affairs "The book is an accessible analysis of contemporary Malaysian business and politics." Business Horizons "Two of Malaysia's most assiduous researchers and astute political economists....This is a book that needed to be written. It is increasingly difficult to explain either Malaysian politics or economic development without understanding how the politics/business nexus operates, and the consequences it bequeaths. Gomez and Jomo have written a first -rate book that is higly recommended." Diane K. Mauzy, Crossroads ."..an insightful and richly documented analysis of Malaysia's political economy...." Milton J. Esman, The Journal of Asian Studies

Book Description

This 1997 book uses the concepts of rent and rent-seeking as tools to study the Malaysian political economy, exploring how political patronage influences the accumulation and concentration of wealth. This revised edition examines the impact of the 1997 Asian financial crises on Malaysia's economy.

About this edition

• Publisher: Cambridge University Press
• Publication date: 1997
• ISBN 10: 0521590078
• ISBN 13: 9780521590075
• Binding: Hardcover
• Number of pages: 227