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

  • Prema-Chandra Athukorala

    ()

  • Jayant Menon

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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Paper provided by The Australian National University, Arndt-Corden Department of Economics in its series Departmental Working Papers with number 1996-05.

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Date of creation: Aug 1996
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Handle: RePEc:pas:papers:1996-05
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  1. Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
  2. Sanjaya Lall, 1995. "Malaysia: Industrial success and the role of the government," Journal of International Development, John Wiley & Sons, Ltd., vol. 7(5), pages 759-773, 09.
  3. Mazumdar, Dipak, 1993. "Labor Markets and Adjustment in Open Asian Economies: The Republic of Korea and Malaysia," World Bank Economic Review, World Bank Group, vol. 7(3), pages 349-80, September.
  4. 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.
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