publication . Article . 2014

Globalization of Malaysian Economy – With Special Focus on the Role of Growth Enclaves

Khondaker Mizanur Rahman; Rafiuddin Ahmed;
Open Access
  • Published: 01 Jan 2014 Journal: International Journal of Economics and Empirical Research (IJEER), volume 2, issue 7 July, pages 274-287
Abstract
This paper examines the process of the globalization of Malaysia, a country that has developed over four decades to become one of the top three globalized nations of Asia, after Singapore and Israel. Initially, its enormous primary resources supplied it with a comparative advantage. It pursued an export-oriented economic policy that attracted multinational company (MNC) foreign direct investment (FDI), and modern technology. Subsequently, industrial products from Malaysia made inroads into world markets. This was followed by the establishment of growth enclaves throughout the country and the offer of generous incentives to investors, particularly to MNCs. A furt...
Subjects
free text keywords: Foreign trade, free trade zones (FTZ), globalization, Malaysia, jel:P45
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