Effects of FDI on Growth and Poverty Reduction in Malaysia
Lessons for a developing country
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This book talks about how Malaysia capitalised on its potential to attract FDI, adjusted its policies and legislation to sustain FDI assisted growth while making sure, to a considerable extent, that all parts of the country benefitted from the economic boom. A good lesson, though not perfect, to all developing countries trying to make the most of natural resources and cheap labour while having to manage political instability, racial issues and corruption. It also highlights how the Malaysian government has consistently found compromise between the demands of investors and the need to protect t...
This book talks about how Malaysia capitalised on its potential to attract FDI, adjusted its policies and legislation to sustain FDI assisted growth while making sure, to a considerable extent, that all parts of the country benefitted from the economic boom. A good lesson, though not perfect, to all developing countries trying to make the most of natural resources and cheap labour while having to manage political instability, racial issues and corruption. It also highlights how the Malaysian government has consistently found compromise between the demands of investors and the need to protect the interests of its poeple to remain an attractive destination for FDI.
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