Jump to ContentJump to Main Navigation
Achieving Development SuccessStrategies and Lessons from the Developing World$
Users without a subscription are not able to see the full content.

Augustin K. Fosu

Print publication date: 2013

Print ISBN-13: 9780199671557

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199671557.001.0001

Show Summary Details
Page of

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: 16 December 2019

Lessons from Post-Colonial Malaysian Economic Development

Lessons from Post-Colonial Malaysian Economic Development

Chapter:
(p.50) 3 Lessons from Post-Colonial Malaysian Economic Development
Source:
Achieving Development Success
Author(s):

K. S. Jomo

Wee Chong Hui

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671557.003.0003

Malaysian economic development has been shaped by public policy in response to changing national and external conditions. Public investments peaked in the 1970s and early 1980s, until the policy reversals driven by sovereign debt concerns and new policy ideology fads. Foreign investments continued to be favoured after independence for ethnic political reasons. Poverty reduction and ownership redistribution by ethnicity were most successful during the 1970s and early 1980s, although it is unclear how much these improved inter-ethnic relations. Economic liberalization and the growing influence of business interests and political elites have undermined the government’s developmental role, culminating in the 1997–98 financial crisis and lacklustre growth since.

Keywords:   Malaysia, liberalization, intervention, public policy, poverty reduction

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.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .