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Tiger Economies Under Threat - A Comparative Analysis of Malaysia's Industrial Prospects and Policy Options (Paperback)
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Tiger Economies Under Threat - A Comparative Analysis of Malaysia's Industrial Prospects and Policy Options (Paperback)
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Southeast Asian tiger economies feel threatened by competition from
other countries and worry that their growth momentum might be
flagging. Even though their growth rates are above the average for
the world and for developing countries, they fall short of
yesterday's economic performance. The underlying worry is that they
presage the beginning of a downward trend, the harbingers of which
are lower rates of investment, persistently low rates of total
factor productivity and low levels of innovativeness. The South
East Asian tigers' worries motivate three questions: First, are the
tigers rightly threatened by a creeping economic sclerosis or what
some observers are calling the "middle income trap"? Second, if the
threat is real, what are the underlying causes? Third, are there
ways of neutralizing the problems and at least maintaining if not
raising the growth rates of the recent past? This book tackles
these questions by means of a comparative analysis of the Southeast
Asian tiger economies, centered on Malaysia. This analysis draws
upon a comprehensive set of techniques and indicators to assess
competitive pressures, gauge industrial and technological
capabilities and to indicate the directions of industrial change in
Southeast Asia could take.
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