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Export-led Industrialisation, Employment and Equity: Then 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 Australian National University, Department of Economics in its series Trade and Development with number 96/5.

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Date of creation: Aug 1996
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Handle: RePEc:wop:anuetd:9605
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  1. 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.
  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. 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.
  4. 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.
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