Corpus ID: 152967846

Malaysian Economy in Three Crises

  title={Malaysian Economy in Three Crises},
  author={P. Athukorala},
This paper examines macroeconomic experiences and policies of Malaysia with emphasis on the three major crisis episodes during the post independence era. It probes the nature and origin of the macroeconomic shocks and the institutional and ideological influences on policy formulation and the responses of economic agents, placing the three episodes in their historical, economic and political contexts. It is argued that fiscal profligacy was the root cause of Malaysia's vulnerability to the… Expand
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