Restructuring the Malaysian Economy: Development and Human Resources

An authoritative study of the Malaysian economy and labour market. Malaysia has enjoyed an enviable growth record over twenty-five years which few nations can match, and has also been keen to judge her performance against non-growth criteria of poverty eradication and national unity following the emergence of racial conflict in 1969. There are many lessons for policy-makers elsewhere of this active approach to poverty eradication and social restructuring while generating rapid growth, which stands in sharp contrast to laissez-faire orthodoxy.

ROBERT E. B. LUCAS is Professor of Economics at Boston University.

DONALD VERRY is Lecturer in Economics at Imperial College, London.

They were jointly Chief Technical Advisers on the Human Resources Development Plan prepared 1991-95 for the Economic Planning Unit of the Prime Minister's Office, Malaysia, as part of the Sixth Malaysian Plan. They have continued their study of the Malaysian economy extending this study through an International Labour Office and United Nations Development Programme project on which they did the research for this book.