Regime Changes, State-Business Ties and Remaining in the Middle-Income Trap
The Case of Malaysia
Bibliographic Data
| ID | 3986869 |
|---|---|
| Authors | Edmund Terence Gomez (0000-0002-5066-461X, University of Malaya), Kee Cheok Cheong (University of Malaya), Chan-Yuan Wong (National Tsing Hua University), Chan‐yuan Wong (0000-0002-8725-8957, National Tsing Hua University, corresponding author) |
| Year | 2021 |
| Volume | 51 |
| Issue | 5 |
| Pages | 782-802 |
| Publication date | 2021-10-20 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Contemporary Asia (JOURNAL) |
| Journal identifiers | ISSN: 0047-2336 • E-ISSN: 1752-7554 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00472336.2021.1933138 |
| OpenAlex | W3184195717 |
| Language | EN |
| Citations received | 6 |
| References cited | 21 |
While Malaysia's economy is widely acknowledged as having the capacity to escape the middle-income trap and achieve highly-industrialised status, this potential has not been realised. One theoretical proposition why an economy remains mired in the middle-income trap is that the introduction of mechanisms to overcome this problem is hampered by political, not economic, matters. Malaysia serves as an interesting case to test this proposition because, after the 14th General Election (GE14) in 2018, it had a new government – the first time such a change had occurred in its history – that had pledged to institute the requisite economic restructurings and reform state–business relations in a highly mixed economy. This article traces the sources of Malaysia's middle-income trap leading up to GE14, reviews the reform debates that occurred following this election, and assesses why the promised reforms were not considered before this new government unexpectedly fell in 2020
Economic policy · Economic system · Economics · Economy · Fell · Geography · Government (linguistics · Middle income trap · Political economy · Political science · Politics · Proposition · State (computer science · Trap (plumbing · Asian Studies and History · Political Influence and Corporate Strategies · Socioeconomic Development in Asia
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Is Malaysia Facing Negative Deindustrialization
Malaysia's Political Economy
| Unique citing works | 6 |
|---|---|
| Citations per year | 1,2 |
| Citation span | 2021 - 2025 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |