Malaysian Business in the New Era

This volume explores Malaysian business in the era that began with the Asian financial crisis of 1997-1999. The contributions, by a broad range of international experts, are informed by a wish to identify what Malaysia needs to do to sustain economic growth, remain internationally competitive and further social stability in the post-crisis period. Malaysia's unconventional response to the crisis suggests that the community has developed a new level of confidence in its ability to adopt and sustain innovative policies even when these strategies challenge the international financial community. This response is perceived as evidence that Malaysian business has indeed entered a new era characterized by a high level of confidence in the nation's capacity to weather the external periodic shocks that are a feature of the current wave of globalization. The book argues that there are grounds for optimism in this regard while recognizing that the true test will occur when Malaysia is compelled to confront a major decline in its international export markets brought on by a truly major crisis such as an OECD-wide recession. Business scholars and professionals as well as readers interested in Asian business and economics should find this volume informative.