Download or read book The Political Economy of Financial Development in Malaysia written by Lena Rethel and published by Routledge. This book was released on 2020-12-20 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.
Download or read book Financial Development and Economic Growth in Malaysia written by James B. Ang and published by Routledge. This book was released on 2008-11-25 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the role of financial intermediation in economic development and growth in the context of Malaysia. Using an analytical framework, the author investigates the Malaysian economy from 1960 onwards to examine how far financial development has progressed in the course of economic development, and whether it has been instrumental in promoting economic growth. A significant improvement in the Malaysian financial system, coupled with rapid economic growth and a rich history of financial sector reforms, makes Malaysia an interesting case study for this subject. The author shows that some government interventions seem to have impacted negatively on economic growth, whereas repressionist financial policies such as interest rate controls, high reserve requirements and directed credit programmes seem to have contributed positively to financial development. The analysis concludes that financial development leads to higher output growth via promoting private saving and private investment. Shedding light on the evolutionary role of financial system and the interacting mechanisms between financial development and economic growth, this book will be of interest to those interested in economic and financial development, financial liberalization, saving behaviour and investment analysis and Asian Studies.
Download or read book Political Economy of Development in Malaysia written by B. N. Ghosh and published by Utusan Publications & Distributions. This book was released on 1999 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Malaysia s Political Economy written by Edmund Terence Gomez and published by CUP Archive. This book was released on 1999-08-28 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses the concepts of rent and rent-seeking to study Malaysian political economy.
Download or read book Malaysia s Political Economy written by Edmund Terence Gomez and published by Cambridge University Press. This book was released on 1997-09-13 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1997 book is an insightful and accessible analysis of contemporary Malaysian business and politics. Using the concepts of rent and rent-seeking as tools to study the Malaysian political economy, the authors explore how political patronage influences the accumulation and concentration of wealth. The book considers the impact of party politics and economic development on the relationship between politics and business in Malaysia, and provides discussions of government-led change in Malaysia's business community, including the emergence of a Malay business class. In this revised edition, the authors examine how the 1997 Asian currency, liquidity and financial crises have impacted on Malaysia's economy. Their discussion canvasses various economic policy responses, including capital control measures, as well the ensuing economic recession and political turmoil.
Download or read book Malaysia 50 written by Jomo Kwame Sundaram and published by World Scientific. This book was released on 2013-09-16 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia has grown and changed a great deal since it was formed on 16 September 1963. It was then seen as an unlikely nation hastily put together as a federation of British controlled territories in the region. Brunei's refusal to join at the eleventh hour and Singapore's secession before its second birthday only seemed to confirm such doubts. Yet, it has not only survived, but even thrived, often cited as a developing country worthy of emulation. Ruled by the same ruling coalition since the mid-1950s, it has been tempting to emphasize continuities, and there certainly have been many. Looking back at its last half century, this volume first considers changes in development policy in response to national as well as international developments. The remaining three parts consider how public policy has been influenced by and has, in turn, influenced economic distribution, public finance and economic federalism. Besides the familiar focus on ethnic disparities, regional and other distribution issues are considered. The discussion of government taxation as well as spending also focuses on distribution implications. Although constitutionally a federation, Malaysia has been more centralized than most federal states. The way forward requires greater sensitivity to the complex political economy of Malaysia's unlikely, but nonetheless resilient federation and ruling coalition. This book is published and distributed worldwide by World Scientific Publishing Co Pte Ltd except Malaysia. Contents: Development Stages:The Alliance Era (1957–1969)The First Decade of the New Economic Policy (1970–1980)Mahathir's Three RegimesMahathir Regime 1: New Roles for the State (1981–1985)Mahathir Regime 2: Inducing Private Investments (1986–1997)Mahathir Regime 3: Crisis Management (1997–2003)After 1997After MahathirPolicy LessonsDistribution:Income DistributionPopulation and LabourEmployment StatusEducation and EmploymentWealth Ownership DisparitiesGender DisparitiesRegional DisparitiesPublic Finance:TaxationDirect TaxesIndirect TaxesGovernment ExpenditurePrivatizationFederalism:Formation of MalaysiaFederal and State Government JurisdictionsFederal-State Financial RelationsPublic AccountsExternal TradeLessons?:Development StagesDistributional StrugglesPublic FinancesMalaysian FederalismConcluding Remarks Readership: Academics, researchers, professionals, policy makers interested in economic development of Malaysia. Key Features:First book to focus on how public policy has evolved in response to economic development and distributional challenges in MalaysiaSpecial focus on the changing role of public finances and federal-state relations in the countryKeywords:Economic Development;Distribution;Disparities;Public Finance;Federalism;Malaysia
Download or read book The Everyday Political Economy of Southeast Asia written by Juanita Elias and published by Cambridge University Press. This book was released on 2016-08-18 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the way that forms of economic policymaking are sustained and challenged by everyday practices across Southeast Asia.
Download or read book Financial Development and Economic Growth in Malaysia written by James B. Ang and published by Routledge. This book was released on 2008-11-25 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds new light on the evolutionary role of financial system and the interacting mechanisms between financial development and economic growth in the context of Malaysia.
Download or read book The Political Economy of Malaysian Federalism written by Jomo Kwame Sundaram and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of the Asian Financial Crisis written by Stephan Haggard and published by Columbia University Press. This book was released on 2010-10-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian crisis has sparked a thoroughgoing reappraisal of current international financial norms, the policy prescriptions of the International Monetary Fund, and the adequacy of the existing financial architecture. To draw proper policy conclusions from the crisis, it is necessary to understand exactly what happened and why from both a political and an economic perspective. In this study, renowned political scientist Stephan Haggard examines the political aspects of the crisis in the countries most affected—Korea, Thailand, Malaysia, and Indonesia. Haggard focuses on the political economy of the crisis, emphasizing the longer-run problems of moral hazard and corruption, as well as the politics of crisis management and the political fallout that ensued. He looks at the degree to which each government has rewoven the social safety net and discusses corporate and financial restructuring and greater transparency in business-government relations. Professor Haggard provides a counterpoint to the analysis by examining why Singapore, Taiwan, and the Philippines escaped financial calamity.
Download or read book Malaysia 50 written by Jomo Kwame Sundaram and published by . This book was released on 2014 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Regimes and the Political Economy of Poverty Reduction in Malaysia written by B. Khoo and published by Springer. This book was released on 2012-10-24 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysia's 40-year strategy of 'poverty eradication' has met with a great deal of success, yet has caused controversy for its links to ethnically-oriented social restructuring. This book is a critical evaluation of changing policy regimes affecting Malaysia's development, record of industrialization, and efficacy in adapting social policies.
Download or read book The Political Economy of East Asia written by Ming Wan and published by Edward Elgar Publishing. This book was released on 2020-09-03 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a coherent overview of the historical and institutional context of enduring patterns in East Asian political economy, this updated and expanded second edition textbook explores the dramatic regional and international transformations that this key region has faced since the 2008 financial crisis.
Download or read book The Political Economy of Independent Malaya written by Thomas Henry Silcock and published by Univ of California Press. This book was released on 1963 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Malaysia s Development Challenges written by Hal Hill and published by Routledge. This book was released on 2013-07-03 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Political Feasibility of Adjustment in Developing Countries written by Stephan Haggard and published by OECD. This book was released on 1995 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Political Economy of Financial Development in Malaysia written by Lena Rethel and published by Routledge. This book was released on 2020-12-20 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? To unravel the complexities of this puzzle, this book subjects the history and contemporary practices of financial policymaking in Malaysia to scrutiny. It argues that to understand financial development in Malaysia, its progress and reversals, it is important to conceptualise it as a political, rather than a merely technical process. In so doing, the book echoes a more profound concern in the political economy literature, namely the evolving relationship between states and markets, and the supposed retreat or reassertion of the state at a time of increasing (financial) globalisation. The book can generate further insights into the evolving role of the state with regard to broader processes of development and marketisation, as they relate specifically to finance.
