Malaysian Economy : Policy and Structural Change
ASEDP
No.9
CONTENTS
Forward / Hisashi Yokoyama, Kuala Lumpur
Introduction / Hisashi Yokoyama
Chapter I.
Review of Financial Infrastructure and Institutional Development / Jaafar Ahmad
2. Trends in the Development of Financial Institutions
General Observations
The Institutional Structure and Development
3. The Capital Market
Equity and private Debt Securities Markets
Government Securities Market
4. Assessment and Policy Issues
Appendix 1
Appendix 2
Chapter II.
Fiscal Policy and Structural Adjustment / Ismail Md. Salleh
2. Background on the Role of Public Sector
financing the Deficit
3. Resource Imbalance
4. Composition of Public Investment
Capital Productivity
The Question of Crowding-out
Public Revenues
Revenue and Expenditure Buoyancy
5. Measures to Strengthen Malaysia's Public Finance
6. Conclusion
Chapter III.
Temporal Analysis of Structural Change / Abdul Aziz Abdul Rahman
2. Methodology
3. Development Policy Since Independence
4. Analysis of Structural Change
Import-substitution Phase
Export-expansion Phase
Second Round Import-substitution and Heavy Industrialization Phase
5. Summary
Chapter IV.
Agriculture and Structural Transformation / Mokhtar Tamin
2. Role of Agriculture
3. Agricultural and Rural Development Policies
4. Policies Directed to Rubber and Other Perennials
5. Policies Toward Rice
6. The Contribution of Agriculture in Economic Growth
7. Labor Force Growth and Structural Change
8. Transfers Out of Agriculture
9. Problems of Structural Transformation
Chapter V.
Malaysia's Export Structure : An Overview / Tan Eu Chye
2. Commodity Composition of Exports
Import-substitution Phase
Export-oriented Industrialization Phase
Heavy Industrialization Phase
3. Direction of Exports
4. Concluding Remarks
Chapter VI.
2. Factor Endowment Embodied in Exports and Imports
Natural Resource
Factor Contents
3. Interindustry Linkages
4. Concluding Remarks
Appendix