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This book examines five countries in South East Asia that are instructive case studies of how the region has had to negotiate pathways of development beyond crises and traps. At two ends of just one decade, 1997-2007, Indonesia, Malaysia, the Philippines, Thailand and Vietnam all had to weather the shocks of an East Asian financial crisis and a global financial crisis. Some economies might have buckled completely under those shocks and been condemned to long-term stagnation. Yet these five economies, part of the larger Asian region, emerged with continued if slower economic growth. An important theme of this book is that their resilience has been partly derived from the pursuit of growth and competitiveness along less known or recommended pathways. The chapters of this book take a novel approach to South East Asia's search for growth and improvement. They do not begin by evaluating how far macro-level performances would take a particular country towards high-income status. Instead they provide original insights into actual cases of intermediate ways of achieving growth, upgrading and income improvement in non-privileged sectors. Such cases may hold more relevant lessons for the majority of developing countries than the experiences of highly developed economies.
Anwar Ibrahim, Deputy Prime Minister of Malaysia, 1993-98, and Opposition Leader, 2008-15 and since March 2020, is associated with two lasting, seemingly contradictory images. Those were of the young Anwar as a radical Islamist for whom economics seemed not to matter, and as a pro-market reformer during the 1997 East Asian financial crisis for whom Islam no longer mattered. Yet there was economics in the young Anwar's Islam and, conversely, Islam in the mature man's economics. Between them lay certain "moral ambivalences" that occupied Anwar during the pre-crisis period when economic growth, prosperity and ambitions were dogged by rent-seeking, corruption and institutional degradation. Anwar had expressed various thoughts on "Islam and economics", notably when he was President of Angkatan Belia Islam Malaysia (ABIM, or Malaysian Islamic Youth Movement), Minister of Finance (1991-98), and leader of the post-Reformasi opposition. His thoughts formed the core of a "humane economy" that he envisioned and advocated upon his return to active politics from 2006 onwards. The vision of a "humane economy" holds personal, ideological and political significance at a specific political juncture in Malaysian history.
In late February 2020, the Mahathir Mohamad-led Pakatan Harapan (Harapan, or Pact of Hope) government ended abruptly. Amidst ensuing confusion, Muhyiddin Yassin led defecting Harapan Members of Parliament, joined by UMNO and PAS, in an ad hoc Perikatan Nasional (PN, or National Alliance) coalition to form a "backdoor government". The PN protagonists cast themselves as a "Malay-Muslim front" for preserving Malay dominance. Yet they unwittingly exposed the parlous state of their "Malay politics", as shown by an absence of "Malay unity", strongly contested claims to represent the Malays, intense party factionalism, and subverted leadership transitions. The parlousness of Malay politics emerged from the failure of the Malay political class to meet many challenges between 1997 and 2018. As the New Economic Policy and Vision 2020 political orders shed their combined twenty-five-year hegemony, Malay politics could not recover its declining popular support and legitimacy, or craft a fresh, broadly supported settlement. The present is an unsettled conjuncture: the old order is passing while Harapan's experimental regime has been subverted. Yet Malay politics is unable to reform or tackle current issues authoritatively. Instead Malay politics has turned inwards and precipitated a disorder of the political system.
The unrealized transitions were a setback for a "reform agenda", which Anwar Ibrahim articulated, but which emerged from dissident movements for diverse reforms. These movements helped the multiethnic, socially inclusive, opposition to win the 14th General Election. They are only seemingly dormant because of the pandemic. The Pakatan Harapan regime had the best chance to supply a fresh vision, deeper social understanding, and commitment to reform. The present Perikatan Nasional regime's fixation on "Malayness" overlooks twenty years of intense intra-Malay conflicts that began with the failure of the first transition. As the "7th Prime Minister", Mahathir had a rare chance to redeem himself from major errors of his first twenty-two-year tenure. He squandered his chance by not honouring the Pakatan Harapan transition plan. Anwar Ibrahim's opponents mock him for being obsessed with wanting to be prime minister. Yet they obsessively fear his becoming prime minister. Anwar may be twice loser in political succession but "the spectre of Anwar" still haunts Malaysian political consciousness.
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