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External Liberalization in Asia, Post-Socialist Europe, and Brazil$
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Lance Taylor

Print publication date: 2006

Print ISBN-13: 9780195189322

Published to Oxford Scholarship Online: May 2007

DOI: 10.1093/acprof:oso/9780195189322.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 14 October 2019

External Liberalization, Economic Performance, and Distribution in Malaysia

External Liberalization, Economic Performance, and Distribution in Malaysia

Chapter:
(p.232) 8 External Liberalization, Economic Performance, and Distribution in Malaysia
Source:
External Liberalization in Asia, Post-Socialist Europe, and Brazil
Author(s):

Matias Vernengo

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195189322.003.0008

This chapter examines the growth and distributional impacts of Malaysia's policy of maintaining open current and capital accounts. Malaysia's external liberalization policy initiatives are described. Malaysia's external liberalization experience is then analyzed, followed by an assessment of the macroeconomic impact of external liberalization à la Berg and Taylor (2000). The socio-economic impacts of external liberalization are dealt with in the following section. The final section provides a more detailed discussion of certain aspects of external liberalization, focusing on international trade, foreign direct investment, international finance, intellectual property rights, and international economic governance.

Keywords:   current account, capital account, trade liberalization, macroeconomic impact, socio-economic impact, international trade, foreign investment, international finance, intellectual property

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