Sustainable Growth and Economic Development: A Case Study of Malaysia

This book provides an insight into some of the efforts and actions taken by the rapidly developing economy of Malaysia towards its `Vision 2020' of becoming a developed country. Renuka Mahadevan explores whether the vision can become reality and not just remain a dream. The purpose of this book is thus to study selected key areas such as structural transformation, total factor productivity growth, human capital and technology development policies as well as poverty and income equality. In addition, the various challenges that Malaysia faces in an increasingly global environment, and its move to a knowledge economy are examined. Based on empirical investigation covering a wide number of topics, policy is critically reviewed and suggestions are made for sustainable growth and development. With a focus on policy in a range of macroeconomic topics, Sustainable Growth and Economic Development will be of interest to policy analysts and researchers in development economics.