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This book examines the various economic, political and developmental policy challenges that Malaysia faces in its shift from a middle income to high-income economy. It covers subjects such as technology, education and skills, the promotion of entrpreneurship, social, monetary policy and governance issues.
This work compares IT parks in China, India, Malaysia, Singapore, Taiwan, and Hawaii, in search of strategies that policy makers can employ to reduce the Global Digital Divide, advance distributional equity and soften some of the negative effects of economic globalization.
An Economic History of Malaysia, c.1800-1990 , provides the first general history of the Malaysian economy over the past two centuries, including a survey of the pre-colonial era. A unique feature is that it integrates the historical experiences of Peninsular Malaysia, Sabah and Sarawak as a case study in the onset of modern economic growth. Particular attention is paid to explaining Malaysia's signal success in achieving a relatively smooth shift away from the primary commodity export economy of the colonial period to near-NIC status by 1990.
The question of how India should adapt monetary policy to ongoing financial globalization has gained prominence with the recent surge in capital inflows. This paper documents the degree to which India has become financially globalized, both in absolute terms and relative to emerging and developed countries. We find that despite a relatively low degree of openness, India's domestic monetary conditions are highly influenced by global factors. We then review the experiences of countries that have adapted to financial globalization, drawing lessons for India. While we find no strong relationship between the degree of stability in monetary conditions and the broad monetary policy regime, our findings suggest that improvements in monetary operations and communication?sometimes prompted by a shift to an IT regime?have helped stabilize broader monetary conditions. In addition, the experience of countries which used non-standard instruments suggests that room to regulate capital flows effectively through capital controls diminishes as financial integration increases.
This book explores the ways in which language and education policies have contributed to the development of national integration in Malaysia, by examining whether and how policies have succeeded in forming a middle ground. Considered through the lenses of policy-making structure and achievement, this volume examines the relationships between the formation of a middle ground in language and education policies and the political structure, economic growth strategies and social system. It then goes on to explore the extent to which these policies have contributed to national integration whilst providing a valuable discussion on the complexities involved in developing a consistent policy framework. Drawing on research surveys of Malay proficiency amongst ethnic Chinese people, it ultimately demonstrates how the unification of education streams has contributed to the spread of the Malay language as a major medium of inter-ethnic communication within the Chinese community. As the most up-to-date study of contemporary Malaysian politics, focusing on the issue of national integration, this book will appeal to students and scholars of Southeast Asian politics, ethnicity, and education policy.
Mahathir Mohamad turned Malaysia into one of the developing world's most successful economies. He adopted pragmatic economic policies alongside repressive political measures and showed that Islam was compatible with representative government and modernization. He emerged as a Third World champion and Islamic spokesman by standing up to the West.
This book documents the trends and challenges that are taking place in various sectors in Malaysia. The chapters, written by specialists with an intimate knowledge of the country, cover many of the major issues concerning Malaysia, a country undergoing significant changes and challenges.