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Fifty Years of Malaysian Economic Development:Policies and Achievements

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  • Hasan, Zubair

Abstract

Malaysia is a small country but has big achievement in economic development to its credit. This year (August 2007) the country celebrates the completion of the first 50 years of its independence. It is in the fitness of things that this paper takes a look at its economic achievements over the past decades and the policies that shaped its success story in the matter. This is all the more apt as not a few regard Malaysia as a role model for the developing countries, especially the OIC members. The paper does not follow the historical sequence of events. That is available in numerous publications spread over time. It highlights the major achievements of the country and the policies that made them possible. Here it talks about the long-run vision of the social order the economic effort had to establish, the form and speed of transformation the policies ushered in, the model of growth it chose, the measures it took to enforce equity, the way it managed crises, and the Islamic elements that it was always seizes with to incorporate in its plans.

Suggested Citation

  • Hasan, Zubair, 2007. "Fifty Years of Malaysian Economic Development:Policies and Achievements," MPRA Paper 5967, University Library of Munich, Germany, revised 2007.
  • Handle: RePEc:pra:mprapa:5967
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    File URL: https://mpra.ub.uni-muenchen.de/5967/1/MPRA_paper_5967.pdf
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    Cited by:

    1. repec:eco:journ2:2017-04-13 is not listed on IDEAS
    2. Begum, Rawshan Ara & Sohag, Kazi & Abdullah, Sharifah Mastura Syed & Jaafar, Mokhtar, 2015. "CO2 emissions, energy consumption, economic and population growth in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 594-601.

    More about this item

    Keywords

    Economic vision; Planning; Structural transformation; Capital controls; Islamic finance;

    JEL classification:

    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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