Challenges of Globalization for International Cooperation : The Case of Malaysia

Anuwar Ali, (2001) Challenges of Globalization for International Cooperation : The Case of Malaysia. In: Challenges of Globalization for International Cooperation. Foundation for Advanced Studies on International Development, Tokyo, Japan.

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Abstract

Since Independence in 1957 Malaysia’s economic development strategy can be described as one that espouses integration with the world economy, given that trade has been an important component of its development process, while FDI too plays an important role. This strategy yielded impressive results as the economy was transformed from an agriculture-based economy to one with a large industrial base. Malaysia, for example, grew at an average rate of 8.8% between 1990-1996. This was also accompanied by low inflation, declining inequality, significant reductions in the poverty level and a high savings rate. Malaysia therefore enjoyed relatively strong ‘fundamentals’ just before the 1997 crisis. (Author's abstract)

Item Type: Book Section
Uncontrolled Keywords: Economics development - Malaysia
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: President/Vice Chancellor's Office
Depositing User: Shahril Effendi Ibrahim
Date Deposited: 09 Nov 2011 08:01
Last Modified: 08 May 2013 08:40
URI: http://library.oum.edu.my/repository/id/eprint/639

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