Malaysian Economy : Policy and Structural Change

ASEDP

No.9

Edited by Hisashi Yokoyama
Published in 1990
CONTENTS

Forward / Hisashi Yokoyama, Kuala Lumpur

Introduction / Hisashi Yokoyama

Chapter I.

Review of Financial Infrastructure and Institutional Development / Jaafar Ahmad

1. Introduction
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

1. Introduction
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

1. Introduction
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

1. Introduction
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

1. Introduction
2. Commodity Composition of Exports
 Import-substitution Phase
 Export-oriented Industrialization Phase
 Heavy Industrialization Phase
3. Direction of Exports
4. Concluding Remarks
Chapter VI.
1. Introduction
2. Factor Endowment Embodied in Exports and Imports
 Natural Resource
 Factor Contents
3. Interindustry Linkages
4. Concluding Remarks

Appendix