Malaysian Industrial Policy

Download or read book Malaysian Industrial Policy written by Jomo Kwame Sundaram and published by NUS Press. This book was released on 2007 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Malaysian Industrial Policy argues that selective government promotion efforts have been successful and crucial for Malaysias industrialisation despite some disastrous consequences associated with the Mahathir governments 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. However, industrial development in Malaysia has been modest compared with that in Northeast Asia because of weaknesses in industrial policy andexcessive reliance on foreign investments.