Managing Economic Growth amid Ethnic Diversity: Malaysia, 1970-1990 (Harvard Studies in International Development)

In 1971 Malaysia adopted the "New Economic Policy," an affirmative action program aimed at improving the relative economic status of the politically dominant but economically disadvantaged Malay community. NEP targets included the reduction of poverty and the "restructuring of society" to provide Malays with more attractive jobs and greater participation in the ownership and control of wealth. Although many analysts predicted that the rate of economic growth would fall, Malaysia achieved one of the world's highest growth rates in 1970–1990 while attaining most of its redistribution goals and maintaining domestic harmony. This experience contrasts sharply with a global pattern of social conflict and slow economic growth in ethnically heterogeneous countries. The book documents what happened under the New Economic Policy, analyzes the reasons for the success achieved, and discusses Malaysia's prospects, including the implications of the recent economic crisis.

Business & Money

Snodgrass, Donald R.

Yusof, Zainal Aznam

Shari, Ishak

Economics

Harvard Institute for International Development

This study of macroeconomic policy in Korea is a collaborative venture between the Korea Development Institute and the Harvard Institute for International Development. It was designed to update the previous joint study of Korea's modernization.This volume provides an analytic history of Korean macroeconomic policy over the last two decades that integrates political as well as economic analysis. The book analyzes fiscal, monetary, financial, and labor-market policy, savings behavior, and the balance of payments, and draws conclusions for policy reform in other developing countries.

Macroeconomic Policy and Adjustment in Korea, 1970-1990 (Harvard Studies in International Development)

Collins, Susan

Haggard, Stephan

Cooper, Richard

Kim, Choongso

Ro, Sung-Tae

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Books by Harvard Institute for International Development