Author |
: Hal Hill |
Publisher |
: Routledge |
Total Pages |
: 434 |
Release |
: 2013-07-03 |
ISBN-10 |
: 9781136626609 |
ISBN-13 |
: 1136626603 |
Rating |
: 4/5 (09 Downloads) |
Book Synopsis Malaysia's Development Challenges by : Hal Hill
Download or read book Malaysia's Development Challenges written by Hal Hill and published by Routledge. This book was released on 2013-07-03 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.