Overview
Malaysia has dramatically transformed its economy from an agrarian economy at Independence in 1957 into a dynamic manufacturing- and service-based economy today. This volume, written by a team of over 60 academics and experts, chronicles the rapid and remarkable industrialization of the Malaysian economy and provides an insight into its diverse sectors and elaborate infrastructure.
The volume commences with an overview of Malaysia’s economic history, covering the evolution of economic policies from Independence to the present.
An extensive analysis of the various sectors of the economy follows, beginning with the natural resources and agricultural sectors and moving into the manufacturing sector. The services and financial sectors are then explored, focusing on the development of key sub-sectors.
The volume then proceeds with a discussion of the infrastructure which supports Malaysia’s economy, and the stable social framework that sustains its human resources. It concludes by examining the macroeconomic policies implemented by various governmental bodies and agencies, and Malaysia’s position in the rapidly globalizing world economy.