Competitive Industrialization with Natural Resource Abundance: Malaysia
This chapter examines the main differences between the development of Malaysia and that of other small resource-abundant countries that did not achieve competitive industrialisation. It discusses the high growth of Malaysian investment, public sector contribution to total investment, Malaysia’s open trade regime, industrial policy that fostered competitive industrialisation, and the accumulation of human capital. It reviews Malaysia’s capacity to manage external and internal shocks without experiencing a growth collapse.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.