Preface - Development strategy under scrutiny
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Malaysia has turned 180 degrees since Independence in 1957, transforming itself into a thriving modern economy and leapfrogging from a low-income to a middle-income trajectory. The country owes its prosperity to its economic openness, with trade as the lifeblood and foreign direct investment (FDI) as the backbone of the economy. The price Malaysia has had to pay for this success os greater vulnerability to external shocks, but it has learned to cope with cyclical ups and downs with remarkable dexterity.
Malaysia , Economic , Politics , Developmental policy , High income
Abdul Kareem, Mohamed Ariff. (2012). Preface - Development strategy under scrutiny. In Hal Hill, Tham Siew Yean & Ragayah Haji Mat Zin (Eds.), Malaysia's development challenges: graduating from the middle (pp. xvii-xxiii). Abingdon, Oxon: Routledge.