Malaysian Industrial Policy argues that selective government promotion efforts have been successful and crucial for Malaysias industrialisation despite some disastrous consequences associated with the Mahathir governments heavy industrialisation programme. The authors present evidence to show that direct and indirect government interventions have induced and supported investments, accelerating the structural transformation of the Malaysian economy. However, industrial development in Malaysia has been modest compared with that in Northeast Asia because of weaknesses in industrial policy andexcessive reliance on foreign investments.

This book examines the national automotive policy in Malaysia to help readers gain an understanding of the country’s industrial policy-making processes. Addressing a gap in analysis of the political economy of the national automotive policy, the research presented combines the new institutional theory and the developmental state approach to provide new insights into elite policymakers’ measures to shield domestic automotive enterprises from pro-market reforms. The formation of the national car project marks a turning point for Malaysia's industrial development as a country, which it envisions will lead to it becoming a major player in the global automotive market. However, the domestic institutional factors embedded in ethno-economic interests and patronage constrain national car-makers, limiting their potential to grow, and instead causing a slowdown in the industry. Allowing readers to understand the background to Malaysia’s heavy industrialisation programme and the birth of its national car projects, this book critically discusses the significance of institutional context in policy outcomes, and highlights how institutions and policies have impact growth or decline. It is a valuable resource relevant to analysts, researchers and students who are interested in the political economy of the national industrial policy and automotive industry in Malaysia and beyond.

This book applies and develops the concept of “ersatz capitalism” in the analysis of industrial policy blockades to economic development in Malaysia and Indonesia. Drawing on insights from international political economy, development studies, industrial and innovation policy, and new institutionalism to refer to a specific type of capitalism, the book analyzes different paths and institutions of economic development within the entire East Asian region. Comprehensive theoretical insights are complemented by empirical case studies that relate to country and sectoral studies – the automotive and ICT industries – in Malaysia and Indonesia. Applying contemporary research on international political economy to refer to a specific type of capitalism, the author examines how conflicts of interest between factions of state apparatus, associations, and companies contribute to the failure of developmental policies. The unique combination of theory formation and empirical analysis provides a novel approach to international comparative research on capitalism. The book will be of interest to researchers in the fields of international political economy, development studies, new institutionalism, East Asian and Southeast Asian studies, and industrial and innovation policy.

Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of moder

Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

It is predicted by some observers that the 21st century will be remembered as the Asian Century. Many of the countries in the region seem to be able to take the economic and trade baton when one of the others experiences problems. The region, in general, continues to grow economically, politically and militarily. The articles presented in this book examine the current political and economic situations in nations across Asia, particularly focusing on economic developments.

Perspectives on Global Development (PGD) is OECD’s annual publication on emerging development issues. The 2013 edition focuses on productive growth strategies.

This open access book studies how foreign models of economic development can be effectively learned by and applied to today’s latecomer countries. Policy capacity and societal learning are increasingly stressed as pre-conditions for successful catch-up. However, how such learning should be initiated by individual societies with different features needs to be explained. The book answers this pragmatic question from the perspective of Japan’s past experience and its extensive development cooperation in Asia, Africa, and Latin America. Since the late nineteenth century, Japan has developed a unique philosophy and method for adopting advanced technologies and systems from the West; the same philosophy and method govern its current cooperation with the developing world. The key concepts are local learning and translative adaptation. Local learning says that development requires the learner to adopt a proactive mindset and the goal of graduating from receiving aid. Meanwhile, translative adaptation requires foreign models be modified to fit local realities given the different structures of the home and foreign society. The development process must be wholly owned by the domestic society in rejection of copy-and-paste acceptance. These ideas not only informed Japan but are key to successful development for all. The book also asks how this learning method should—or should not—be revised in the age of SDGs and digitalization. Following the overview section that lays out the general principles, the book offers many real cases from Japan and other countries. The concrete actions outlined in these cases, with close attention to individual growth “ingredients” as opposed to general theories, are crucial to successful policy making. The book contains materials that are highly useful for national leaders and practitioners within developing countries as well as students of development studies.

This book analyses the growth, development and crisis experiences of the Southeast Asian economies, in particular, Indonesia, Malaysia, the Philippines, Singapore and Thailand - also known as ASEAN-5. The proposition is developed that the robust economic performance of the Southeast Asian economies during the past four decades has been attributed to the various factors, developments and independent national policies which have been pursued by the individual member countries rather than to any regional economic framework. The book covers eleven topics which is suitable for a one-semester course on the economics of Southeast Asia. Also, it has a narrower area coverage as it focuses only on the five economies, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The sectoral treatment of the crisis impact and the analytical treatment of policy responses to the crisis differentiate this book from other publications on the same topic. Finally, this book provides an analysis of national developments, policies and factors which have contributed to the economic transformation of the respective Southeast Asian economies.