This 1997 book is an insightful and accessible analysis of
contemporary Malaysian business and politics. Using the concepts of
rent and rent-seeking as tools to study the Malaysian political
economy, the authors explore how political patronage influences the
accumulation and concentration of wealth. The book considers the
impact of party politics and economic development on the
relationship between politics and business in Malaysia, and
provides discussions of government-led change in Malaysia's
business community, including the emergence of a Malay business
class. In this revised edition, the authors examine how the 1997
Asian currency, liquidity and financial crises have impacted on
Malaysia's economy. Their discussion canvasses various economic
policy responses, including capital control measures, as well the
ensuing economic recession and political turmoil.
General
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