Malaysian Industrual Policy

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.

Jomo K. S. is Assistant Secretary General for Economic Development at the United Nations. He completed this book while he was at the University of Malaya, Kuala Lumpur, and at the Asia Research institute, National University of Singapore as a visiting senior research fellow.