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9780521599962

Malaysia's Political Economy: Politics, Patronage and Profits

by
  • ISBN13:

    9780521599962

  • ISBN10:

    0521599962

  • Format: Paperback
  • Copyright: 1997-09-13
  • Publisher: Cambridge University Press

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Summary

This book is an insightful and accessible analysis of contemporary Malaysian business and politics. Using the concepts of rent and rent-seeking as tools to study the Malaysian political economy, the authors explore how political patronage influences the accumulation and concentration of wealth. The book considers the impact of party politics and economic development on the relationship between politics and business in Malaysia, and provides up-to-date discussions of government-led change in Malaysia's business community, including the emergence of a Malay business class. In this revised edition, the authors examine how the 1997 Asian currency, liquidity and financial crises have impacted on Malaysia's economy. Their discussion canvasses various economic policy responses, including capital control measures, as well the ensuing economic recession and political turmoil.

Table of Contents

Defining the parameters
The colonial legacy
The new economic policy
Privatising state assets
The 'new rich'
Liberalisation after 1990?
Politics, policies and patronage
Afterword: from economic to political crisis
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

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