Malaysia's Development Challenges: Graduating from the middle

Hal Hill, Tham Siew Yean, Ragayah Hazi Matt Zin

    Research output: Book/ReportBook

    Abstract

    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.
    Original languageEnglish
    Place of PublicationLondon and New York
    PublisherRoutledge, Taylor & Francis Group
    Number of pages376
    Edition1st
    ISBN (Print)9780415614368
    DOIs
    Publication statusPublished - 2012

    Fingerprint Dive into the research topics of 'Malaysia's Development Challenges: Graduating from the middle'. Together they form a unique fingerprint.

    Cite this