The Malaysian Economy
Developments and Challenges
Bibliographic Data
| ID | 16624648 |
|---|---|
| Authors | Denis Hew (ISEAS - Yusof Ishak Institute, corresponding author) |
| Year | 2008 |
| Volume | 2008 |
| Issue | 1 |
| Pages | 207-222 |
| Publication date | 2008-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Southeast Asian affairs (JOURNAL) |
| Journal identifiers | ISSN: 0377-5437 • E-ISSN: 1793-9135 |
| Publisher | ISEAS - Yusof Ishak Institute (PUBLISHER • SG) |
| DOI | 10.1355/seaa08l |
| OpenAlex | W2071698497 |
| Language | EN |
| Citations received | 2 |
Like many economies in Southeast Asia, Malaysia currently faces a number of challenges that could have a significant impact on its economic growth and development.Despite the fact that 2007 was generally seen as a good year economically, events in the second half of the year, particularly the U.S. sub-prime mortgage crisis, and poor U.S. economic data could trigger a recession in the world's largest economy, which in turn could lead to a global slowdown in 2008. Added to these concerns are the high oil prices and rising food and commodity prices, which could stoke fears of global inflation. All these downside risks would clearly affect macroeconomic stability in the region. Against this backdrop, Malaysia's relatively good economic performance in 2007 may be insufficient to guarantee that the country will be immune from the downside risks faced by the rest of the world. At the same time, Malaysia is currently going through a challenging period in its economic development as it attempts to maintain its economic competitiveness vis-?-vis the emerging economies of China, India and, closer to home, Vietnam. Like a number of middle-income developing countries in the region, Malaysia has economically been punching below its weight in the sense that it is not maximizing its full economic potential. To address these challenges, Malaysia has been trying to develop two ambitious economic corridor projects that could revitalize its economy. These two economic corridors are the Iskandar Development Region (IDR) in South Johor (which borders Singapore) and the Northern Corridor Economic Region (NCER) in the northern Peninsular Malaysia. Besides reviewing Malaysia's economic performance in 2007, this chapter will examine the development of these two economic corridors
Business · Economics · Economy · Political science · Asian Studies and History · Economic Zones and Regional Development · Socioeconomic Development in Asia
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,12 |
| Citation span | 2009 - 2010 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |