First published in 1986, the Malaysian economy has grown remarkably since 1970 but despite this poverty is still widespread. This book examines the record of economic development in Malaysia over this period and evaluates the success of the New Economic Policy. In particular it examines the merits of the trusteeship strategy in its aim to eradicate poverty and in socioeconomimc restructuring.
Part One 1. The origins of Economic Trusteeship Part Two 2. The Structure and Incidence of Rural Poverty in Malaysia 3. Rural Poverty and Policy Interventions Under Trusteeship 4. Managed Industrialisation Under Trusteeship Part Three 5. Wealth Concentration Under Trusteeship: Corporate and Human Capital 6. The Social Costs of Trusteeship: Deficits, 'Distributional Coalitions' and Quasi-rents Part Four 7. Summing Up: Problems, Prospects and Alternatives