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Export-led Industrialisation, Employment and Equity: The Malaysian Case

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  • Prema-Chandra Athukorala
  • Jayant Menon

Abstract

Malaysia is undoubtedly a development success story. Over the past decade or so rapid economic growth through export-led industrialisation has been accompanied by rising living standards and improvement in the distribution of income, ameliorating the twin problems of poverty and racial imbalances. The key lesson to come from the Malaysian experience is that in a small open economy, the task of achieving the apparently conflicting objectives of growth and equity is facilitated by a long-term commitment to outward-oriented trade and industrial policies.
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Suggested Citation

  • Prema-Chandra Athukorala & Jayant Menon, 1997. "Export-led Industrialisation, Employment and Equity: The Malaysian Case," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 4(1), pages 63-76.
    • Handle: RePEc:acb:agenda:v:4:y:1997:i:1:p:63-76
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    File URL: http://press-files.anu.edu.au/downloads/press/p83371/pdf/article06.pdf
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    References listed on IDEAS

    as
    1. Mazumdar, Dipak, 1993. "Labor Markets and Adjustment in Open Asian Economies: The Republic of Korea and Malaysia," The World Bank Economic Review, World Bank, vol. 7(3), pages 349-380, September.
    2. Garnaut,Ross & Grilli,Enzo & Riedel,James (ed.), 1995. "Sustaining Export-Oriented Development," Cambridge Books, Cambridge University Press, number 9780521483049, November.
    3. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    4. Sanjaya Lall, 1996. "Malaysia: Industrial Success and the Role of Government," Palgrave Macmillan Books, in: Learning from the Asian Tigers, chapter 6, pages 148-165, Palgrave Macmillan.
    5. Premachandra Athukorala & Jayant Menon, 1995. "Developing with Foreign Investment: Malaysia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(1), pages 9-22, January.
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    Cited by:

    1. Hal Hill, 1997. "Rapid Industrialisation in ASEAN: Some Analytical and Policy Lessons," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 4(4), pages 419-432.
    2. Thirunaukarasu Subramaniam & Ahmad Zubaidi Baharumshah, 2011. "Unemployment And Speed Of Adjustment In Asean-3 Economies: A Cointegration Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 56(03), pages 327-347.
    3. Grace Lee, 2011. "Aggregate shocks decomposition for eight East Asian countries," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 16(2), pages 215-232.

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    More about this item

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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