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Malaysia's Political Economy:
Politics, Patronage and Profits |
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| by Edmund Terence
Gomez and K. S. Jomo |
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Paperback
272 pages
Dimensions
0.75 x 8.75 x 5.75 inches
Publisher
Cambridge University Press
2nd edition (August 1, 1999) |
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| Book
Description |
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This 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 as the ensuing
economic recession and political turmoil. |
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| Readers’
Review |
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| Real
World View, July 27, 2000 |
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Those
pursuing major business (or considering
pursuit of business) in Malaysia need to
read this book. If you are very familiar
with Malaysia politics and business, it
makes a great read. Otherwise, only of interest
to academics in politics, political economy,
and perhaps 'Transparency International.'
The only caveat is that it mainly applies
to very large business efforts - while something
of the entire patronage culture obviously
permiates many transaction levels here,
only the really big (nationally important)
stuff draws the kind of attention discussed
in this book.
The book basically presents a slightly pessimistic
but fairly accurate view of major business
efforts and their effects. The book concludes
in the midst of the 1997/8 economic melt-down
and subsequent political maneuverings, but
stops well short of the late 1999 election.
Reviewer: mullet02 from
Mendham, NJ USA
Source: www.amazon.com
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| Insightful
and objective, March 22, 1999 |
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When
looking at the political economy of Malaysia
many authors are quick in taking an extreme
point of view. Gomez and Jomo, on the other
hand, focus on the reality of the Malaysian
situation. Their analysis of the functioning
of Malaysia's political economy is frank
and thoroughly backed up. By concentrating
on the effects of Mahathir's privatisation
policies on the Malaysian economy, they
have pinpointed several key structural weaknesses
which need to be addressed; especially in
view of the pressing politial and economic
issues which are currently affecting Malaysia.
The book therefore, is an absolute must
for people interested in Malaysia's complex
economic structure. --
Reviewer:
Bastiaan Kniphorst from Amsterdam, the Netherlands
Source: www.amazon.com
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| Fills
half of the gap!, February 12,
1999 |
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This
book is essentially about profits, politics,
and patronage in Malaysia. Indeed it is
a useful detailed study on 'political economy
in action' rather than the political economy
of Malaysia. Those looking for a survey
of previous studies on the political economy
in Malaysia shall be disappointed.
Reviewer: An Amazon.com Customer
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| Source:
www.amazon.com
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