Description
Book SynopsisThis book provides an insight into some of the efforts and actions taken by the rapidly developing economy of Malaysia towards its 'Vision 2020' of becoming a developed country. Renuka Mahadevan explores whether the vision can become reality and not just remain a dream.
The purpose of this book is thus to study selected key areas such as structural transformation, total factor productivity growth, human capital and technology development policies as well as poverty and income equality. In addition, the various challenges that Malaysia faces in an increasingly global environment, and its move to a knowledge economy are examined. Based on empirical investigation covering a wide number of topics, policy is critically reviewed and suggestions are made for sustainable growth and development.
With a focus on policy in a range of macroeconomic topics, Sustainable Growth and Economic Development will be of interest to policy analysts and researchers in development economics.
Trade Review'The greatest advantage of this book is that the analyses are undertaken from the viewpoint of standard economics, not that of political economy. . . this book is valuable for readers who wish to analyze the Malaysian economy from the viewpoint of standard economics. The book provides full data concerning every field of the Malysian economy, from macroeconomic indices to those of labor, education, and so on, the analyses using standard techniques in econometrics and concise reviews of related policies. In particular, the analyses identifying the factors of the past high growth of the Malaysian economy in the first half of the book are very informative and are outstanding among the literature in this field. . . the book contains valuable analyses of Malaysia which accurately reflect the title. This book is suitable for economists who are newcomers to the Malaysian economy, and is also recommended for specialists on the Malaysian economy, who may be bogged down in the depths of the Malaysian political economy and wish to refresh their brains by seeing this "unique" country analyzed in the same manner as other "ordinary" countries.' -- Satoru Kumagai, The Developing Economies
Table of ContentsContents: Preface 1. Introduction 2. Industrialisation with a Focus on Primary Production 3. Understanding the Drivers of Output Growth 4. Human Capital and Technology Development Policies 5. Leapfrogging into the Knowledge Economy 6. Poverty and Income Inequality 7. Conclusion Bibliography Index
