Description
Book SynopsisThis volume explores Malaysian business in the era that began with the Asian financial crisis of 1997-1999. The contributions, by a broad range of international experts, are informed by a wish to identify what Malaysia needs to do to sustain economic growth, remain internationally competitive and further social stability in the post-crisis period.
Malaysia's unconventional response to the crisis suggests that its business community has developed a new level of confidence in its ability to adopt and sustain innovative policies even when these strategies challenge the international financial community. This response is perceived as evidence that Malaysian business has indeed entered a new era characterised by a high level of confidence in the nation's capacity to weather the external periodic shocks that are a feature of the current wave of globalisation. The book argues that there are grounds for optimism in this regard while recognising that the true test will occur when Malaysia is compelled to confront a major decline in its international export markets brought on by a truly major crisis such as an OECD-wide recession.
Business scholars and professionals as well as readers interested in Asian business and economics will find this volume informative.
Trade Review'. . . the book makes a significant contribution to research on Asian business. The chapters are deeply researched and will be of considerable value to scholars, government policymakers and practitioners.' -- Samir Ranjan Chatterjee, Asia Pacific Journal of Economics and Business
Table of ContentsEconomic and social adjustment in Malaysia in the "new" business era, Chris Nyland et al; Malaysian export competitiveness compared with the dynamic Asian economies - past performance and prospects for the next millennium, Peter Wilson; Australian business attitudes to Malaysia, Marika Vicziany et al; transaction costs of cross cultural exchange - evidence from Australia-Malaysia case studies, Ergun Dogan et al; Japanese electronics firms in Malaysia - after the financial crisis, David W. Edgington and Roger Hayter; the importance of size in the growth and performance of the electrical industrial machinery and apparatus industry in Malaysia, Rajah Rasiah; sustaining the growth effects of foreign investment - the case of multinational subsidiaries in Malaysia, Ron Edwards et al; market performance and the speed of the invisible hand - the case of Malaysian manufacturing, Mita Bhattacharya and Koi Nyen Wong; a comparison of business process re-engineering with other management techniques in Malaysia, Stanley Richardson and Khong Kok Wei; tour guide training -lessons for Malaysia about what works and what's needed, Betty Weiler and Sam H. Ham; economic growth, international competitiveness and public service moral values - a study of Penang Island Municipal Council officers, Ali Haidar et al; globalization and labour in Malaysia, P. Ramasamy; Islamic identity and work in Malaysia - Islamic work ethics in a Japanese joint venture in Malaysia, Wendy A. Smith et al; the 1997-1998 financial crisis in Malaysia and its social impact - some lessons, Ishak Shari; what determines the long-run movements of the Malaysian ringgit?, Ahmad Zubaidi Baharumshah et al; returns to liquidity on KLOFFE (Kuala Lumpur Options and Financial Futures Exchange), S. Gulay Avsar and Barry A. Goss; "Asian values", model communities and resistance to contemporary Malaysian politics, A.B. Shamsul.
