Economic Development In Malaysia Research Articles

Malaysian Economic Development: A Need for Reassessment?

This paper discusses certain issues relating to growth and development of the Malaysian economy. The highly open nature of the Malaysian economy and its vulnerability to external monetary shocks, as shown by mid‐1980s recession and financial crisis of 1997 necessitate a rethinking of strategies for sustainable development. This paper uses alternative perspectives from Islamic economics and good practice management principles as a basis for discussion.

Agricultural and Industrial Development in Malaysia: Policy Bias?

This paper analyses the policies related to the development of the agricultural and industrial sectors in Malaysia. The objective of the paper is to determine whether there exist biases in government policies pertaining to these two sectors. The paper begins by providing a brief overview of Malaysian economic development. This section analyses the policies introduced to develop the two sectors. The next section contains an analysis of the policies, government expenditure and employment in the agricultural and industrial sectors to test the presence of policy biases. The paper concludes that there is no significant policy biases between these two sectors.

An artificial intelligence approach to the role of exports in the economic development of Malaysia

Over the past three decades, Malaysia has shown impressive economic growth, placing this country in a group of fast-growing Southeast Asian economies and among the top performing economies in the world. This achievement has been consciously undertaken through export expansion strategies and by attracting foreign investments. Using an artificial intelligence approach and data from 1966 to 1994, the purpose of this study is to investigate the role of exports in the economic growth and development of Malaysia. The results of this new methodology confirm the earlier findings that exports strongly contributed to the economic growth and development of Malaysia. The results of the model simulation for the in-sample and out-of-sample data show that the model's forecast is better than of the regression approach.

Human Resource Development in Malaysia: A Study of the Government’s Role

Since independence, the Malaysian Government has focussed on social development policies to improve the standard of living, in particular in the areas of health and education. With recent liberalization and privatization policies, the private sector is now encouraged to play a more prominent role in the provision of curative health care services, as well as the provision of tertiary education through private universities and colleges. This article traces the progress and success of the policies, and looks at some of the issues and problems that need to be addressed in light of privatization and also the effect of the recent economic crisis. I. Evolution of Policy In an effort to balance a classic plural society consisting basically of three major groups -- namely bumiputera (who are mainly Malays) 60 per cent, Chinese 30 per cent and Indians 10 per cent - maintaining equality among the races has always been accorded the highest priority in the relevant policies in Malaysia. The economic disparities between the Malay and Chinese communities in the early days of independence led to the formulation of the New Economic Policy (NEP). It was drawn mainly to address and redress the Malay economic backwardness. NEP therefore became the fundamental thrust of Malaysian economic and social development planning for the next two decades or so. The two-pronged NEP objectives are: to eradicate poverty, irrespective of race, to restructure Malaysian society, and eventually to correct and eliminate the identification of race with economic function, so that ethnicity will no longer be identified through occupation. Wealth distribution would be more in line with the racial composition of the country. To achieve these objectives, the state assumed an active role in commerce and industry particularly in the first two decades of the NEP This was to make a meaningful contribution towards the attainment of the economic and social goals. The NEP was later replaced, beginning 1990, by the New Development Policy (NDP), which was built upon the ongoing thrust and achievements of the NEP, with the broad objective of attaining a balanced development in order to create a more united and just society. Polciies in Improving Health and Education Status In the early post-independent days, policies for development planning in Malaysia have placed the uplifting of the standards of living of the masses, who were generally in the rural areas and mostly Malays, as the highest on the agenda. Increasing literacy rates through access to education and improving health through access to basic health care services in rural and remote areas became the fundamental approach in meeting the end-goal of enhancing the quality of life of the masses. The approach operated on two assumptions: first, a better educated rural population would be equipped to participate in the modern economy and become more economically mobile and second, the improvement of health contributed to economic productivity. Although the focus was geared towards the rural masses which then made up a large portion of the population, the development policies were ensured to benefit the general public as a whole. To ensure that efforts to upgrade the quality of life of the rural masses were carried out meaningfully, the federal government had assumed an important role in the planning, funding, regulating, and the management of development of social services particularly in the early days. The government networks of rural health services, under the purview of the Ministry of Health (MOH), began as the primary delivery of healthcare through health facilities set up in the rural and urban areas. The networks' rapid development extended their services to primary curative care, mainly by paramedical personnel, and personal preventive care such as immunization, maternal and child health care, and environmental sanitation work such as the construction of latrines and wells and vector control. …

Outward Orientation and Economic Development in Malaysia

Outward Orientation and Economic Development in Malaysia

Book Reviews

David C. Korten, When Corporations Rule the WorldNagesh Kumar, Multinational Enterprises and Industrial Organisation: The Case of IndiaAmiya Kumar Bagchi (ed.), New Technology and the Workers' Response: Microelectronics, Labour and SocietyRichard Heeks, Prabhakara Bhatt, Mozammel Huq, Chris Lewis and Ahmed Shibli (eds), Technology and Developing Countries. Practical Applications, Theoretical IssuesA. Pio (ed.), From Adjustment to Long‐Run Growth. The Role of Human Capital and the Informal SectorSonia Corrêa with Rebecca Reichmann, Population and Reproductive Rights: Feminist Perspectives from the SouthGita Sen, Adrienne Germain and Lincoln Chen (eds), Population Policies Reconsidered. Health, Empowerment and RightsMarian A. L. Miller, The Third World in Global Environmental PoliticsThaddeus C. Trzyna (ed.), A Sustainable World. Defining and Measuring Sustainable DevelopmentMadhav Gadgil and Ramachandra Guha, Ecology and Equity: The Use and Abuse of Nature in Contemporary IndiaMelissa Leach, Rainforest Relations. Gender and Resource Use among the Mende of Gola, Sierra LeoneAkhileshwar Pathak, Contested Domains—The State, Peasants and Forests in Contemporary IndiaJohn Martinusson, Democracy, Competition and Choice: Emerging Local Self‐Government in NepalMyo Thant, Min Tang and Hiroshi Kakazu (eds), Growth Triangles in Asia: A New Approach to Regional Economic CooperationW. G. Huff, The Economic Growth of Singapore: Trade and Development in the Twentieth CenturyK. S. Jomo, U‐Turn? Malaysian Economic Development Policies after 1990E. T. Gomez, Political Business: Corporate Involvement of Malaysian Political PartiesAdam Fforde and Stefan de Vylder (eds), From Plan to Market: The Economic Transition in VietnamKathleen Barry (ed.), Vietnam's Women in TransitionMichael R. DiGregorio, Urban Harvest: Recycling as a Peasant Industry in Northern VietnamElisabeth Croll, From Heaven to Earth: Images and Experiences of Development in ChinaPer Pinstrup‐Andersen (ed.), The Political Economy of Food and Nutrition PoliciesJames Morton, The Poverty of Nations: The Aid Dilemma at the Heart of AfricaJohn Sorenson (ed.), Disaster and Development in the Horn of AfricaAndargachew Tiruneh, The Ethiopian Revolution 1974–1987. A Transformation from an Aristocratic to a Totalitarian AutocracyGerard Prunier, The Rwanda Crisis; History of a Genocide 1959–1994Tor Skalnes, The Politics of Economic Reform in Zimbabwe. Continuity and Change in DevelopmentEsbern Friis‐Hansen, Seeds for African Peasants: Peasants' Needs and Agricultural Research: The Case of ZimbabweMax Spoor, The State and Domestic Agricultural Markets in Nicaragua. From Interventionism to Neo‐LiberalismLúcio Kowarick (ed.), Social Struggles and the City: The Case of Sāo PauloSEADE Foundation, Survey of Living Conditions in the Metropolitan Area of Sāo Paulo

The public management of national provident funds for state‐led development

The Malaysian Employees’ Provident Fund (EPF) was created as a mandatory national saving plan in 1951 and has grown consistently. Following two decades of state‐led economic development, substantially funded through EPF contributions, the Malaysian Government is now ostensibly seeking to reduce state intervention in the economy in order to encourage liberalization and thereby engender further economic growth. Tracing the parallel evolution of the EPF and the growth of the Malaysian economy, highlights both the direct role of the EPF in providing soft‐loan capital for state‐sponsored development projects and the indirect role of the fund in underpinning politically effective, but not concomitantly economically efficient, strategies for ethnically rebalancing the economy. Accordingly, in direct contradiction to recent World Bank analyses, concludes that the continuing Malaysian commitment to a publicly managed national provident fund (NPF) is based on both efficiency criteria (in relation to the EPF itself) and effectiveness criteria (in relation to state‐determined investment strategies). Although the success of Malaysian economic development policies inevitably involves a restructuring of the operations and management of the EPF itself, the continuity in the Malaysian commitment to its NPF complements and underpins similar continuities in the active role of the Malaysian state, even in an era of privatization.

Formula and fortune: Economic development in Malaysia

Formula and fortune: Economic development in Malaysia

The Minerals Industries of ASEAN and Australia: Problems and Prospects.

Minerals in the economies of the ASEAN countries and Australia the ASEAN-Australia trade pattern in fuels and minerals issues in minerals policy ASEAN-Australia interests in mineral commodity associations and agreements the minerals industry in Australia mineral and energy development in Indonesia mineral trade and economic development in Malaysia the Philippine minerals industry, development and trade the changing role of Singapore in the trading and processing of mineral resources minerals and energy in Thailand - production, consumption and trade.

ENERGY COST AND ECONOMIC DEVELOPMENT IN MALAYSIA

The Developing EconomiesVolume 26, Issue 1 p. 68-89 Free Access ENERGY COST AND ECONOMIC DEVELOPMENT IN MALAYSIA FONG Chan Onn, FONG Chan OnnSearch for more papers by this author FONG Chan Onn, FONG Chan OnnSearch for more papers by this author First published: March 1988 https://doi.org/10.1111/j.1746-1049.1988.tb00123.x This paper is based on the results of a project on Energy Price Increase and Economic Development supported by the International Labour Office, Geneva. The writer also acknowledges the valuable comments of anonymous referees of the journal which led to considerable improvement in the contents of the paper. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Volume26, Issue1March 1988Pages 68-89 ReferencesRelatedInformation

BOOK REVIEWS

Book reviewed in this artilces: Export‐Oriented Industrialization: The ASEAN Experience . By Mohamed Ariff and Hal Hill. The Singapore Economy: New Directions . Report of the Economic Committee, Ministry of Trade and Industry. The Cassava Economy of Java . By W. P. Falcon, W. O. Jones, S. R. Pearson and others. The Small Developing State: Comparing Political Economies in Costa Rica, Singapore and Jamaica . By Dennis John Gayle. Development Economics on Trial: An Anthropological Case for the Prosecution . By Polly Hill. The Sovereign Entrepreneur: Oil Policies in Advanced and Less Developed Capitalist Countries . By Merrie Gilbert Klapp. Models of Development: A Comparative Study of Economic Growth in South Korea and Taiwan . Edited By Lawrence J. Lau. The Pacific Century: Economic and Political Consequences of Asian‐Pacific Dynamism . By Staffan Burenstam Linder. Import Controls and Export‐Oriented Development: A Reassessment of the South Korean Case . By Richard Luedde‐Neurath. Development in Malaysia: Poverty, Wealth and Trusteeship . By Ozay Mehmet. Modernization in China ‐ The case of the Shenzhen Special Economic Zone . By Kwan‐Yiu Wong and David K. Y. Chu. Indonesia: The Rise of Capital . By Richard Robison. Japan's Response to Crisis and Change in the World Economy . Edited by M. Schmieglow. Fiscal Issues in South‐East Asia . Edited by Parathasarati Shome. Industrialization Policies and Regional Economic Development in Malaysia . By Dean Spinanger. Pacific Growth and Financial Interdependence . Edited By Augustine H. H. Tan and Basant Kapur. ASEAN ‐ South‐Asia Economic Relations . Edited by C. D. Wadhva, and M. G. Asher. Asia's ‘Miracle’ Economies: Korea, Japan, Taiwan, Singapore and Hong Kong . By Jon Woronoff.

Inequality and Economic Development in Malaysia.

Inequality and Economic Development in Malaysia.

The Plantation in Malaysian Economic Development

Plantations, which originated as agricultural enterprises within colonial economic systems and which came to be established particularly in tropical dependencies, have occupied an equivocal position in the economic development philosophies and plans of less developed countries. Their colonial origin and their traditionally export-oriented and often mono-cultural characteristics have subjected them to a wide range of adverse criticism, despite their undoubted earning capacity.

FREE ENTERPRISE AND THE COOPERATIVE MOVEMENT IN MALAYSIAN ECONOMIC DEVELOPMENT

The Developing EconomiesVolume 12, Issue 3 p. 229-244 Free Access FREE ENTERPRISE AND THE COOPERATIVE MOVEMENT IN MALAYSIAN ECONOMIC DEVELOPMENT L. J. FREDERICKS, L. J. FREDERICKSSearch for more papers by this author L. J. FREDERICKS, L. J. FREDERICKSSearch for more papers by this author First published: September 1974 https://doi.org/10.1111/j.1746-1049.1974.tb00329.xCitations: 2AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL REFERENCES 1 Bauer, P. T., and Yamey, B. S. The Economics of Market Reform, Journal of Political Economy, Vol. 62, No. 3 (June 1954). 2 Berg, E. J. Socialist Ideology and Marketing Policy in Africa, in Markets and Marketing in Developing Economies, ed. R. Moyer and S. C. Hollander ( Illinois : R. D. Irwin, 1968). 3 Draft Development Plan of the Federation of Malaya. 4 Federated Malay States. Annual Report on the Working of Cooperative Societies in the Federated Malay States for the year ending 30 June 1926.. 5 Federated Malay States. Annual Report on the Working of Cooperative Societies in the Federated Malay States for the year ending 30 June 1927.. 6 Federated Malay States. Annual Report on the Working of Cooperative Societies in the Federated Malay States for the year ending 30 June 1928.. 7 Federation of Malaya. Report of the Committee appointed by His Excellency the Governor of the Malayan Union to consider whether the machinery for agricultural credit is adequate, to comment on suggestions in the Report of the Colonial Economic Advisory Committee and to consider generally the problem of rural indebtedness, Council Paper No. 50 (1948). 8 IBRD (International Bank for Reconstruction and Development). The Economic Development of Malaya ( Baltimore : Johns Hopkins Press, 1955). 9 Malaysia. Mid-Term Review of the First Malaysia Plan, 1966–1970 ( Kuala Lumpur , 1969). 10 Myrdal, G. Asian Drama: An Enquiry into the Poverty of Nations, Vol 1 ( London : Pelican Books, 1968). 11 Ness, G. D. Bureaucracy and Rural Development in Malaysia: A Study of Complex Organizations in Stimulating Economic Development in New States ( Berkeley : University of California Press, 1967). 12 Parmer, J. N. Colonial Labor Policy and Administration: A History of Labor in the Rubber Plantation Industry in Malaya, c. 1910–1914 ( New York : J. J. Augustin, 1960). 13 Report of the Committee to Investigate the Fishing Industry, 1956. 14 Thomson, A. M. Report to the Government of the Federation of Malaya on the Marketing of Rice, FAO Report No. 278 ( Rome : FAO, 1954). Citing Literature Volume12, Issue3September 1974Pages 229-244 ReferencesRelatedInformation

RICE PRICE STABILIZATION AND SUPPORT IN MALAYSIA

RICE PRICE STABILIZATION AND SUPPORT IN MALAYSIA

The Plantation Economy and Industrial Development in Latin America

Previous articleNext article No AccessThe Plantation Economy and Industrial Development in Latin AmericaRuth C. YoungRuth C. Young Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Economic Development and Cultural Change Volume 18, Number 3Apr., 1970 Article DOIhttps://doi.org/10.1086/450437 Views: 30Total views on this site Citations: 7Citations are reported from Crossref Copyright 1970 The University of ChicagoPDF download Crossref reports the following articles citing this article:Esteli Jimenez-Soto The political ecology of shaded coffee plantations: conservation narratives and the everyday-lived-experience of farmworkers, The Journal of Peasant Studies 48, no.66 (Mar 2020): 1284–1303.https://doi.org/10.1080/03066150.2020.1713109Ivette Perfecto, M. Estelí Jiménez-Soto, and John Vandermeer Coffee Landscapes Shaping the Anthropocene: Forced Simplification on a Complex Agroecological Landscape, Current Anthropology 60, no.S20S20 (Jun 2019): S236–S250.https://doi.org/10.1086/703413Alec Gordon Towards a model of asian plantation systems, Journal of Contemporary Asia 31, no.33 (May 2007): 306–330.https://doi.org/10.1080/00472330180000191P. P. Courtenay The Plantation in Malaysian Economic Development, Journal of Southeast Asian Studies 12, no.22 (Apr 2011): 329–348.https://doi.org/10.1017/S0022463400009905William W. Goldsmith, Mario F. Rothschild The effect of regional specialization on local economic activity: A study of Chile, Papers of the Regional Science Association 32, no.11 (Dec 1974): 183–201.https://doi.org/10.1007/BF01942299Norman T. Uphoff Ghana’s use of Economic Assistance, 1957–1966: A supradisciplinary analysis of development, Studies in Comparative International Development 7, no.33 (Sep 1972): 221–242.https://doi.org/10.1007/BF03041092Joseph P. Farrell Educational differentiation and national development: A statistical study, Interchange 1, no.22 (Jun 1970): 62–76.https://doi.org/10.1007/BF02214859