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.