Jomo K. S. (Jomo Kwame Sundaram)

Malaysian eclipse : economic crisis and recovery

From currency crisis to recession pre-crisis economic weaknesses and vulnerabilities financial governance, liberalisation, crisis and responses financial liberalisation and system vulnerability capital flows capital flows volatility capital controls social impacts East Asian comparisons.

Southeast Asian Paper Tigers?: From miracle to debacle and beyond

1. Jomo K. S. Introduction: Southeast Asias Ersatz Miracle 2. Rajah Rasiah Manufacturing Export Growth in Indonesia, Malaysia and Thailand 3. Greg Felker and Jomo K. S. New Approaches to Investment Policy in the ASEAN 4 4. Greg Felker Technology Policies and Innovation Systems in Southeast Asia 5. Anne Booth Education and Economic Development in Southeast Asia: Myths and Realities 6. Jomo K. S. Growth with Equity in East Asia 7. Natastha Hamilton-Hart and Jomo K. S. Financial Capacity and Governance in Southeast Asia

Technology, Competitiveness and the State : Malaysia's Industrial Technology Policies

1. Instroduction 2. Technology, Competitiveness and Governance 3. Technological Capability Development by Firms from East Asian NIEs: Possible Lessons for Malaysia 4. Complexity and Hierarchy in the East Asian Division of Labour: Japanese Technological Superiority and ASEAN industrial Development 5. Malaysias Innovation System: Actors, Interests and Governance 6. Technology Policy and Competitiveness in Malaysia 7. Malaysias National Innovation Capacity 8. Improving Malaysian Industrial Technology Policies and Insitutions 9. Managing Research Utilisation in Malaysia 10. Skilled and Unskilled Foreign Labour in Malaysian Development - A Strategic Shift?

Ethnic business : Chinese capitalism in Southeast Asia

The role of ethnic Chinese business in Southeast Asia in catalyzing economic development in the region has been hotly debated. This book examines the key features attributed to Chinese business: business-government relations, the family firm, trust and networks, and supposed Asian values.

Reforming East Asia for Sustainable Development

This article reviews the challenges faced by four East Asian economies in the wake of the currency and financial crises of 1997–98. Perceptions and opinions of East Asian economic development moved swiftly from commendation to condemnation, revealing a simplistic response to an experience that was seen to have challenged the neo-liberal orthodoxy. As such, government–business relationships and corporate governance have received particular attention and criticism. However, recovery is now recognized to have been facilitated by reflationary Keynesian policies, rather than the draconian IMF-prescribed programmes or ‘reform’ of corporate governance. Indeed, there is growing attention to, and concern with, the consequences and appropriateness of ongoing Anglo-American inspired financial liberalization. The regional slowdown of foreign direct investment, slowness of technological progress, and changes in investment policy present considerable challenges for ASEAN economies in particular. This article concludes that while liberalization of the global financial infrastructure continues, convergence of economic arrangements is not necessarily inevitable, and indeed, that an eclectic mix of policies and institutions is not only possible, but preferable.

The New Economic Policy

With Independence on 31 August 1957, formal political authority was officially handed over the British to the Malayan political elite represented by the Alliance Party, led by Tunku Abdul Rahman. The Alliance — consisting of the United Malays National Organisation (UMNO), the Malayan Chinese Association (MCA) and the Malayan Indian Congress (MIC), represented the politically dominant Malay aristocratic and bureaucratic elements, Chinese business interests and the Indian middle class respectively. As part of the political compromise underlying the Alliance, the UMNO-led government was expected to continue to encourage the development of a Malay business community, already begun in the early 1950s through the Rural Industrial Development Authority (RIDA). In the first decade or so after Independence, the expansion of the Malay middle class mainly involved enhanced educational opportunities, recruitment quotas into the state machinery, and other types of ‘preferential treatment’. But as the Malay middle class grew, it began to demand even more support for further expansion, especially into the ‘commanding heights’ of big business. The Tunku’s Alliance government was increasingly considered insufficiently responsive to such demands, increasingly articulated by the so-called ‘Young Turks’ and ‘ultras’ within UMNO in the late 1960s.

Southeast Asia's Misunderstood Miracle: Industrial Policy and Economic Development in Thailand, Malaysia, and Indonesia

The World Banks East Asian Miracle Southeast Asian Differences Southeast Asian Flying Geese Thailand Malaysia Indonesia Lessons from Southeast Asia

Labour Market Segmentation in Malaysian Services

This is the first book to look at labor in Malaysian services, and also the first to use the labor market segmentation approach to study Malaysian labor. As in most other countries, the services sector has long accounted for more of the labor force than manufacturing in Malaysia. Studies of those working in services in developing countries have tended to focus on the public sector and, in recent decades, the informal sector. This study of workers in services also covers those in private enterprises, both modern (e.g. financial services) and traditional (e.g. transportation services). This study also looks more generallyat Malaysian labor market segmentation, especially at ethnicity and gender. Of particular importance are the impact of structural change in the economy and the interaction between these processes and the labor market on job and pay opportunities.

From financial liberalization to crisis in Malaysia

Chung H. Lee Introduction: Issues and Findings 1. Bhanupong Nidhiprabha Premature Liberalization and Economic Crisis in Thailand 2. Anwar Nasution Financial Sector Reform and the Current Economic Crisis in Indonesia 3. Yoon Je Cho The Political Economy of the Financial Liberalization in South Korea 4. Chin Kok FayandJomo, K.S. From Financial Liberalization to Crisis in Malaysia 5. Maria Socorro Gochoco-Bautista Financial Liberalization and Economic Reform: The Philippine Experience 6. Thomas F. Cargill Japan, the Asian Crisis and Financial Liberalization 7. Nicholas R. Lardy The Case of China 8. Rajendra R. Vaiday Liberalization in India: Issues and Prospects

Fiscal and Debt Problems

In Malaysia, reference to the public sector in the economic literature usually refers to the federal government, the thirteen state governments and the federal territory authorities, city, municipal and town councils, and the non-financial public enterprises (NFPEs). The public sector is clearly dominated by the federal government, with the state governments having relatively limited roles because of legal and political constraints embodied in the federal constitution and imposed by the federal government. The NFPEs — previously known as off-budget agencies (OBAs) — have become increasingly important in recent years, being heavily involved in various commercial and industrial projects.