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Transformation without thought runs the risk of being short term or a kneejerk reaction to events. Shaping the future requires forethought, planning and informed decision making. Nambiar has made it his business to encourage us all to think, and provides us with some trenchant thoughts and ideas to help us along the way. Datuk Seri Anwar Ibrahim. President, Parti Keadilan Rakyat A must read if you want op-eds about key issues in the economy before and after a momentous event: regime change in Malaysia. Edmund Terence Gomez. Professor of Political Economy, University of Malaya  A wide ranging discussion of the economic issues leading up to GE14, predicating the same questions facing the new PH government, from the debt crisis created by the 1MDB debacle, to macroeconomic imbalances and geo-economic challenges, and the prospects of economic transformation. An informative economic buffet for the new ministers and their advisors to chew on. Tan Sri Dr. Kamal Salih. Founding Executive Director, Malaysian Institute of Economic Research Nambiar once again presents us with a remarkable collection relevant to anyone interested in Malaysia's economy, impressive in both its breadth and depth of issues covered. Incisive and bold, he proffers solutions for our many existing policy problems - a practical handbook for economists, policymakers and think tankers. Tricia Yeoh. Fellow, IDEAS
Malaysia was once on the cusp of becoming one of the ‘Asian Tigers’ as a result of the impressively high growth rates recorded in the early 1990s. From 1990 until 1997, the growth rate was above 9 percent per annum on average. This performance came to an end when the economy was struck by the 1997/98 Asian Financial Crisis, the worst economic crisis Malaysia has ever experienced since independence. Things eventually worsened with the onslaught of the 2008/09 Global Financial Crisis, which dragged the Malaysian economy yet into another round of a recession with the growth rate contracting at 1.5 percent in 2009. On hindsight, these two events, which have had a substantial impact on the state of the Malaysian economy, pointed to several urgent calls for economic reforms, such as the need to address structural weaknesses of the economy and to have a growth target which is both sustainable as well as inclusive. When Datuk Seri Najib Razak became the sixth Prime Minister of Malaysia from April 2009 until May 2018, it was clear that a new approach to economic development for Malaysia had to be crafted. Towards this end, he introduced the National Transformation Policy (NTP), so that the economy can be transformed into one that is of high-income and developed status by the year 2020. He also set a new vision for Malaysia, also known as the 2050 National Transformation, or TN50, which is meant to chart a new course for Malaysia to move into the second half of the 21st century. How successful is this transformational agenda? What are the other issues and challenges which need to be addressed? What important lessons can we learn from this transformational journey? This book is an attempt to address these specific questions by assessing Najib’s economic plans, policies, programmes and vision which evolved during the nine years of his term as the sixth Prime Minister of Malaysia.
"Winds of Change analyses the Malaysian economy amidst the smooth transfer of power from Tun Dr. Mahathir Mohamad to Dato' Seri Abdullah Ahmad Badawi towards the end of 2003. With Abdullah at the helm, Malaysia's future is in good hands. The wave of globalisation, the liberalisation of markets and a maturing society in terms of political and social sophistication provide both opportunities and challenges for the nation."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved