"Malaysian Industrial Policy" argues that selective government promotion efforts have been successful and crucial for Malaysia's industrialisation despite some disastrous consequences associated with the Mahathir government's heavy industrialisation programme. The authors present evidence to show that direct and indirect government interventions have induced and supported investments, accelerating the structural transformation of the Malaysian economy. The analysis indicates that investment incentives with conditions attached rather than trade or investment liberalisation have been crucial to Malaysian manufacturing growth since independence. However, industrial development in Malaysia has been modest compared with that in Northeast Asia because of weaknesses in industrial policy and excessive reliance on foreign investments.
- ISBN10 9971693402
- ISBN13 9789971693404
- Publish Date 30 July 2007
- Publish Status Out of Print
- Out of Print 18 December 2014
- Publish Country SG
- Imprint NUS Press
- Format Paperback
- Pages 344
- Language English