publication . Preprint . 2010

Malaysian Economic Development: Looking Backwards and Forward

Hal Hill;
Open Access
  • Published: 01 Jan 2010
This paper provides an analytical and forward-looking overview of Malaysian economic development. Looking back over its 53 years of Independence, we identify the key stylized facts to include the country's generally rapid economic growth and structural change; its consistent openness, especially for merchandize trade and foreign direct investment; its creditable record of macroeconomic management; its consistently high inequality, in spite of the developing world's most consistently implemented affirmative action program; and its mixed record with regard to institutional development. Looking forward, the government has identified the country's key development ch...
free text keywords: Malaysia, ASEAN economies, upgrading, middle-income trap, jel:N15, jel:O30, jel:O53

Industry 1.74 5.41 4.08 4.81

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