{"product_id":"malaysias-development-challenges-graduating-from-the-middle-9780415614368","title":"Malaysia's Development Challenges: Graduating from the Middle","description":"\u003cp\u003e • Author(s): Hal Hill\u003cbr\u003e • Publisher: Taylor \u0026amp; Francis Ltd\u003cbr\u003e • Publisher Imprint: Routledge\u003cbr\u003e • BISAC: Ethnic Studies - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book examines the various economic, political and developmental policy challenges that Malaysia faces in her shift from a middle income to high-income economy. This issue is of great interest to academics, policy makers and development practitioners in the developing world, particularly in middle-income economies where there is a widespread concern about the challenges of managing such a transition. \u003c\/p\u003e \u003cp\u003e\u003c\/p\u003e \u003cp\u003eMalaysia is one of the developing world's greatest success stories. The book argues that as one of the developing world's most open economies, with a reputation for prudent macroeconomic management, Malaysia has achieved consistent growth since independence. It has moved from a largely resource-based economy to a multinational-led, export-oriented, industrial economy. Despite this success, Malaysia, like other developing countries, is currently at a crossroads in its development strategy; it is in danger of being unable to graduate to the level of more advanced economies - such as Korea, Taiwan and Singapore - but with the basis of its success at risk from competition from efficient, lower-wage countries - such as China, India and Vietnam. Moreover, there are new threats to the political stability and affirmative action programmes which have successfully held together a very racially diverse population. \u003c\/p\u003e","brand":"Taylor \u0026 Francis Ltd","offers":[{"title":"Hardcover","offer_id":46929835851927,"sku":"9780415614368","price":13825.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9780415614368.webp?v=1771602655","url":"https:\/\/atlanticbooks.com\/products\/malaysias-development-challenges-graduating-from-the-middle-9780415614368","provider":"Atlantic Books","version":"1.0","type":"link"}