Synopses & Reviews
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.
Synopsis
This is an insightful and accessible analysis of contemporary Malaysian business and politics. The authors use the concepts of rent and rent seeking to study Malaysian political economy, tracing the ways in which political patronage influences the concentration and accumulation of wealth. The book discusses government-led change in Malaysia's business community, examining policies and their economic and political consequences. It also contains richly detailed case studies of the contemporary Malaysian corporate world and its political relationships.
Synopsis
This book uses the concepts of rent and rent-seeking to study Malaysian political economy.
Description
Includes bibliographical references (p. 185-197) and index.
Table of Contents
1. Defining the parameters; 2. The colonial legacy; 3. The new economic policy; 4. Privatising state assets; 5. The 'new rich'; 6. Liberalisation after 1990?; 7. Politics, policies and patronage; Afterword: from economic to political crisis.