Malaysian Industrial Policy

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Author: K. S. Jomo

ISBN-10: 9971693402

ISBN-13: 9789971693404

Category: Macroeconomics

Malaysian Industrial Policy argues that selective government promotion efforts have been successful and crucial for Malaysia's industrialisation despite some disastrous consequences associated with the Mahathir government's heavy industrialisation programme. The authors present evidence to show that direct and indirect government interventions have induced and supported investments, acceleration the structural transformation of the Malaysian economy. The analysis indicates that investment...

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Malaysian Industrial Policy argues that selective government promotion efforts have been successful and crucial for Malaysia's industrialisation despite some disastrous consequences associated with the Mahathir government's heavy industrialisation programme. The authors present evidence to show that direct and indirect government interventions have induced and supported investments, acceleration the structural transformation of the Malaysian economy. The analysis indicates that investment incentives with conditions attached rather than trade or investment liberalization have been crucial to Malaysian manufacturing growth since independence. However, industrial development in Malaysia has been modest compared with that in Northeast Asia because of weaknesses in industrial policy and excessive reliance on foreign investments.

List of Tables viiiList of Figures xList of Appendices xiContributors\|xiiPreface\|xiii1 Industrialization and Industrial Policy in Malaysia Jomo K.S. 12 Malaysian Industrial Policy, 1986-2002 Fredrik Gustafsson 353 Investment Policy in Malaysia Greg Felker Jomo K.S. 564 Performance Requirements in Malaysia Lim Pao Li Anna Ong Cheng Imm 825 Technology Policy in Malaysia Greg Felker Jomo K.S. 1286 Rent-Seeking and Industrial Policy in Malaysia Hasli Hasan Jomo K.S. 1577 The Political Economy of Industrial Policy in Malaysia Michael T. Rock Meagan Sheridan 1798 Industrial Policy and Inter-Ethnic Redistribution in Malaysia: Industrial Development and Equity Ownership, 1975-97 Lee Hwok-Aun 2229 Cluster Dynamics in Malaysian Electronics Michael H. Best 249Bibliography 277Index 305