Malaysia's Development Challenges Routledge Malaysian Studies Binding: Paperback Publisher: Taylor & Francis Publish Date: 2012/04/30 Language: ENGLISH Pages: 348 Dimensions: 9.50 x 6.25 x 1.00 Weight: 1.35 ISBN-13: 9780415631938
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.
|