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Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies
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The Political Economy of Financial Development in Malaysia - From the Asian Crisis to 1MDB (Paperback)
Loot Price: R753
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The Political Economy of Financial Development in Malaysia - From the Asian Crisis to 1MDB (Paperback)
Series: Routledge Focus on Economics and Finance
Expected to ship within 12 - 19 working days
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Current inquiries into the political economy of financial
policymaking in Malaysia tend to focus on the high-level drama of
crisis politics or simply point to the limited impact of
post-crisis financial reforms, given that politico-business
relations have remained close. In so doing, pundits ignore a number
of intriguing questions: what is the relationship between financial
development and financialisation and how has it played out in the
Malaysian context? And more generally: how can a country like
Malaysia become significantly more financially developed, yet fail
to emancipate the financial system from political control; a core
element of the financial development discourse? To unravel the
complexities of this puzzle, this book subjects the history and
contemporary practices of financial policymaking in Malaysia to
scrutiny. It argues that to understand financial development in
Malaysia, its progress and reversals, it is important to
conceptualise it as a political, rather than a merely technical
process. In so doing, the book echoes a more profound concern in
the political economy literature, namely the evolving relationship
between states and markets, and the supposed retreat or reassertion
of the state at a time of increasing (financial) globalisation. The
book can generate further insights into the evolving role of the
state with regard to broader processes of development and
marketisation, as they relate specifically to finance.
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