Malaysia's Political Economy: Politics, Patronage and ProfitsThis 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 up-to-date 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. |
Contents
2 | 19 |
3 | 24 |
Daim Zainuddin | 34 |
Bumiputeras and the | 49 |
The UMBC Saga | 56 |
The Hong Leong Group | 66 |
Privatising State Assets | 75 |
The New Rich | 117 |
589 | 163 |
Liberalisation after 1990? | 166 |
Politics Policies and Patronage | 177 |
84 | 181 |
From Economic to Political Crisis | 185 |
204 | |
206 | |
219 | |
Common terms and phrases
acquired acquisition activities Anwar appears appointed Asian assets associate awarded Bank Barisan Nasional become benefited Bumiputera businessmen capital cent stake changes Chinese close concern contract corporate Daim Daim Zainuddin deputy despite director divested early economic election emerged equity especially established ethnic example fact Figure Fima Finance foreign funds gained Gomez Group growth holding company Hong important incorporated increased Industries interests investments involved issue KLSE Kuala Lumpur Kumpulan Land largest later leaders limited linked listed company lucrative Mahathir major Malay Malaysian Business manufacturing million obtained operations ownership party patronage Peremba Plan political Press Prime Minister privatisation profitable public enterprises publicly listed reduced remaining rents Resources Review Sabah Sdn Bhd sector secure share shareholder sold Sports Star Straits Study Table Tajudin UMNO UMNO's United University Wan Azmi