title: Challenges of Globalization for International Cooperation : The Case of Malaysia creator: Anuwar Ali, subject: HC Economic History and Conditions description: 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) publisher: Foundation for Advanced Studies on International Development contributor: Yoshitaro, Fuwa contributor: Hidemi, Yoshida date: 2001 type: Book Section type: PeerReviewed format: text identifier: https://library.oum.edu.my/repository/639/1/plugin-forum8english-1.pdf identifier: 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. relation: https://library.oum.edu.my/repository/639/