Ever since Malaysia achieves edits independence in 1957, its economy has experienced steady growth, transforming an essentially agricultural and primary producer-based economy into one that is predicated on industry, manufacturing and services. Despite going through a number of economic crises, from the mid-1980s, the financial meltdown of 1997-1998 and the current state of global financial and economic flux, the country's economic fundamentals remain sound.
However, as the Malaysian economy is export-driven and its main markets lie in the more developed economies, the very fact that these countries are facing their worst recession since the depression of the 1930s, poses a different kind of challenge. In order to better understand the progress and condition of Malaysia's development, this book addresses the most significant aspects of the economy. Fiscal and the monetary policy, the country's industrial performance, rural development and the impact of globalizations are among those issues examined by leading Malaysian experts in this book, which aims to provide a useful reference for policy makers and researchers, as well as for those with an interest in the Malaysian economy.
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