Industrialization in Malaysia
Subtitle: import substitution and infant industry performance
By: Rokiah Alavi.
Series: Routledge studies in the growth economies of Asia ;; 7
Publisher: Routledge
Published: 1996
Place of publication: London; New York
Language: eng
Number of pages: 213
Subjects: Import substitution -- Malaysia.; Export marketing -- Malaysia.; Tariff -- Malaysia.; New business enterprises -- Malaysia.; Industrial policy -- Malaysia.; Industrial policy -- Korea (South)
Description: Did the 'infant industries' of the 1960s ever grow up? Is the scepticism surrounding import-substitution (IS) strategies justified? Import-substitution strategy enjoyed its heyday in the 1970s but has been largely discredited and replaced by free-market policies in the 1980s. However, it has been recently acknowledged that some of the most successful growth economies in the Pacific Rim combined protectionist import-substituting industry (ISI) policies with export-orientated policies.

A systematic rethinking of the relationship between import substituting and export-orientated industrialisation strategies is provided by this study using direct price comparisons to estimate the effective rate of protection (ERP), an examination of the dynamic performance of infant industries using total factor productivity growth (TFPG) and domestic resource cost (DRC), and a comparison of the experience with the case of South Korea.
Notes: Includes bibliographical references (p. 182-206) and index.