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Books > Law > Laws of other jurisdictions & general law
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Law, Institutions and Malaysian Economic Development (Paperback)
Loot Price: R555
Discovery Miles 5 550
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Law, Institutions and Malaysian Economic Development (Paperback)
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Loot Price R555
Discovery Miles 5 550
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This pioneering volume develops an institutionalist analysis of
Malaysia's post-colonial economy by exploring the political economy
of development and particularly the interface between economics and
law. The various authors show that economic policy initiatives in
Malaysia have often been accompanied by corresponding legislative
and regulatory reforms intended to create an appropriate legal
environment, and that economic problems or crises arising from
earlier policies have led to major legislative innovations.The
volume begins with a survey of Malaysia's colonial legal heritage
and significant postcolonial developments, and the relationship
between economic change, institutional developments and the law.
Colonial land law transformed the rural Malay population, and the
authors show that the routine depiction of this sector of the
economy as a 'traditional' relic of the pre-colonial era is
misleading. With regard to industry, the government changed course
after independence, promoting manufacturing investments and
technological progress, and forging new industrial relations
between the state and trade unions. Drawing on this background the
book rejects claims that corporate governance failures caused the
financial crisis of the 1990s, and criticizes claims for the
superiority of Anglo-American arrangements for corporate
governance.
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