Publication:
Comment on "Economic reforms in the aftermath of regime change in Malaysia"
Abstract
Lee (2020) provides a fairly crispy analysis of economic reforms underway in Malaysia subsequent to the dramatic regime change through the ballot box on May 9, 2018. As is often said, there is more to it than meets the eye. Economic reforms have long been overdue in Malaysia. There were no reforms even in the aftermath of the 1997-1998 Asian Financial Crisis. While many affected countries in the region, including South Korea, Thailand and Indonesia, undertook serious reforms with International Monetary Fund (IMF) guidance in the wake of currency meltdown and political upheaval, Malaysia remained in a denial mode, blaming currency speculators. Malaysia was able to desist IMF intervention, as its short-term external debt was small enough to be managed on its own, with no political fallout.
Keywords
Economic reforms , Regime change , Malaysia
Citation
Abdul Kareem, Mohamed Ariff. (2020). Comment on "Economic reforms in the aftermath of regime change in Malaysia". Asian Economic Policy Review, 15 (2), pp. 258-259.
Publisher
John Wiley & Sons