MALAYSIA : CHALLENGES AND PERSPECTIVES BY JITENDRA K. DAS, HITESH ARORA [HARDCOVER]

In the last few years, Malaysia has emerged as one of the fastest growing economies surpassing the
income per capita of other South-East Asian countries like Indonesia and Phillippines. Even during the
global recession, Malaysia managed to perform far better than many other nations. The late nineties
saw spectacular success of East-Asian economies by the forces of liberalization and globalization and
Malaysia became one of the 'miracle' and 'tiger' economies witnessing almost meteoric growth and
development. Malaysia followed an open economic regime with foreign direct investment playing a crucial
role in exports and output growth.