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.

About the Author
Hal Hill is the H.W. Arndt Professor of Southeast Asian Economies in the Department of Economics, Australian National University. Tham Siew Yean is a Professor and Principal Fellow at the Institute of Malaysian and International Studies (IKMAS), National University of Malaysia. Ragayah Haji Mat Zin is a Professor and Principal Fellow at the Institute of Malaysian and International Studies (IKMAS), National University of Malaysia.


Book Information
ISBN 9780415631938
Author Hal Hill
Format Paperback
Page Count 350
Imprint Routledge
Publisher Taylor & Francis Ltd
Weight(grams) 700g