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Growth with equity: the Malaysian case

Author

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  • Renuka Mahadevan

    (School of Economics, University of Queensland, Queensland, Australia)

Abstract

While Malaysia is one of the few economies which has successfully enjoyed economic growth with equity from 1970 to 1990, recent studies suggest that income inequality rose in the 1990s. This paper re-examines these arguments in the light of Malaysia’s economic development and the policies undertaken for the 1990s and beyond. In relation to Malaysia’s progress to a second-tier newly industrializing economy, its success with growth and equity enables important lessons to be drawn for increasingly open developing economies facing the challenges of globalization and deregulation.

Suggested Citation

  • Renuka Mahadevan, 2006. "Growth with equity: the Malaysian case," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 13(1), pages 27-52, June.
    • Handle: RePEc:unt:jnapdj:v:13:y:2006:i:1:p:27-52
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    File URL: http://www.unescap.org/sites/default/files/apdj-13-1-2-mahadevan.pdf
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    Cited by:

    1. M Niaz Asadullah & Norma Mansor & Antonio Savoia, 2019. "Explaining a ‘development miracle’: poverty reduction and human development in Malaysia since the 1970s," Global Development Institute Working Paper Series 382019, GDI, The University of Manchester.

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