| In the section | Articles |
| Title of the article | Managing External Shocks and Domestic Resilience: The Malaysian Experience |
| Pages | 5-28 |
| Author | Mohammed Ariff Executive Director Malaysian Institute of Economic Research Kuala Lumpur, Malaysia This email address is being protected from spambots. You need JavaScript enabled to view it. |
| Abstract | Malaysia is one of the most open economies in the world. Structural changes in the economy have largely served to strengthen it's outward orientation. Still Malaysia had to pay a 'price' in the form of vulnerability of its economy to external fluctuations. The article outlines the changing profile of the Malaysian economy, focuses on the transmission of external fluctuations to the domestic economy and discusses the government policy interventions in the wake of uncertain external circumstances. A number of important lessons for other developing countries may be drawn from the Malaysian experience for formulating their own policies and strategies. It shows how the negative effects of economic openness can be minimized through appropriate policy interventions |
| Code | 339(595) |
| DOI | 10.14530/se.2006.1.005-028 |
| Keywords | Policy interventions ♦external shocks ♦trade multiplier effect ♦export elasticity fiscal policy ♦ current account deficit |
| Download | |
| For citation | Ariff M. Managing External Shocks and Domestic Resilience: The Malaysian Experience. Prostranstvennaya Ekonomika = Spatial Economics, 2006, no. 1, pp. 5-28. DOI: 10.14530/se.2006.1.005-028. (In Russian). |
| References | 1. Ariff M. Export Trade and the West Malaysian Economy // Enquiry into the Economic Implications of Export, Instability, Faculty of Economics and Administration. Kuala Lumpur: University of Malaya, 1972. 2. Ariff M. and Hasan M. Fiscal Strategies and Public Debts: the Malaysian Experience // Issues and Challenges for National Development, Faculty of Economics and Administration. Kuala Lumpur: University of Malaya, 1990. 3. Ariff M. and Semudram M. Trade and Financing Strategies: A Case Study of Malaysia. Working Paper. No 21. London: Overseas Development Institute, 1987. 4. Arif M. and Tan E. C. The Malaysian Export Sector: Policy and Performance paper submitted to the United Nations Conference on Trade and Development (UNCTAD). Geneva, 1990. 5. Arif M. et. al, Currency Turmoil and the Malaysian Economy. Kuala Lumpur: Malaysian Institute of Economic Research, 1999. 6. Gan W. B. Macroeconomic Policy, Real Exchange Rate and International Competitivess — the Malaysian Experience, Faculty of Economics and Administration. Kuala Lumpur: University of Malaya, 1989. (Unpublished). 7. Nambia S. Privatization in Malaysia. Paper submitted to the Workshop on Capacity Enhancement of Myanmar Civil Service. Yangon, 2004. 8. Semudram M. The Management of the Malaysian Ringgit., Kuala Lumpur: Institute of Strategic and International Studies (ISIS) Malaysia (mimeograph), 1985. 9. World Bank. Malaysia — Matching Risks and Rewards in a Mixed Economy Program, a World Bank Country Study, Washington D C, 1989. |