The Encyclopedia of Malaysia Volume 13: The Economy

The 13th volume in The Encyclopedia of Malaysia series provides an in-depth insight into the dramatic transformation of Malaysia from an agrarian economy at Independence in 1957 into a diverse and thriving manufacturing- and service-based economy in 2006. The volume commences with an overview of Malaysias economic history, covering the evolution of economic policies from Independence to 1970, the formulation of the seminal New Economic Policy (197190), the balanced growth thrusts of the 1990s and finally the shift towards a knowledge-based economy in the 21st century. The volume continues with an extensive analysis of the various sectors of Malaysias economy, and a discussion of the infrastructure and the stable social framework that support and sustain it. The volume concludes by examining the macroeconomic policies implemented by various governmental bodies and agencies, and Malaysias position in the rapidly globalizing world economy.