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Development Strategies and Poverty Reduction

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Policy Regimes and the Political Economy of Poverty Reduction in Malaysia

Part of the book series: Developmental Pathways to Poverty Reduction ((POD))

Abstract

This chapter analyses the trajectory of economic growth and structural transformation embedded in development strategies and policy regimes that were constructed around the following themes: a postcolonial impulse to overcome ‘underdevelopment’, a reliance on exportled growth, the importance of diversification and the centrality of social policies. It argues that the state’s structural transformation project was guided by nationalist—capitalist goals in order to maintain stable configurations of state—market relations, adapt the openness of a small national economy to the vagaries of the world economy and reshape institutional—corporate structures in times of crisis. The discussion weaves together issues such as the impacts of industrialization, the relative success of investment regimes, the consequences of trade and financial liberalization and the establishment of state capacity for managing economic crises. It concludes with a comment on factors that have contributed to Malaysia’s trajectory of development and record of poverty reduction.

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Authors
  1. Khoo Boo Teik
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Editor information

Editors and Affiliations

  1. Institute of Developing Economies, Japan

    Khoo Boo Teik (Executive Senior Research Fellow) (Executive Senior Research Fellow)

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© 2012 United Nations Research Institute for Social Development

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Teik, K.B. (2012). Development Strategies and Poverty Reduction. In: Teik, K.B. (eds) Policy Regimes and the Political Economy of Poverty Reduction in Malaysia. Developmental Pathways to Poverty Reduction. Palgrave Macmillan, London. https://doi.org/10.1057/9781137267016_2

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