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Malaysia’s New Economic Model:
Risks and Rewards
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AseanAffairs Magazine May - June 2010
CONTENT • BEYOND ASEAN 
• ASEAN BAZAAR • FEATURED COMPANIES
ASEAN MANAGEMENT • INSIDE OUT
• ASEAN MONEY • OPINION
• ASEAN TRAVELLER • MALAYSIA IN FOCUS

Prime Minister Najib Razak vows to take Malaysia forward and transform it into a high income nation through economic and social reforms. Initial responses to this ambitious drive are mixed, details are scarce and investors play wait-and-see.Yet, Najib insists he’s got support to push ahead.

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ASEAN: THE WAY FORWARD
A collection of insights into the critical issues that could determine the
future of the ten-member Association of Southeast Asian Nations
(Asean) from stakeholders and analysts in the region and beyond.

 

Lessons from the Global Crisis

Rajiv Biswas

Asean’s own baptism of fire during the East Asian financial crisis in 1997-98 has certainly helped the group to come through the current global crisis with much greater resilience and less structural damage than we are witnessing in other parts of the world, such as Eastern Europe, Greece or Ireland.

I would particularly point out that Asean’s macroeconomic reforms since 1998 have been important to improving the resilience of Asean economies, notably reduction of government debt and the building of FX reserves over the last decade.

....

Ramon Navaratnam

Asean should learn that it cannot be immune from malpractices elsewhere. It should strengthen defenses against financial indiscipline at home and abroad and give priority to good governance.

Mohamed Iqbal Rawther

Asean nations generally are trade dependent. When global crisis hit us, the effect on export-oriented Asean companies is severe, as it is on nations. The dependence and vulnerability on global trade prompts Asean companies to be:
....

Jamaludin Ibrahim

Asian economies weathered the global crisis comparably well, helped by big reserves accumulated during the Asian Financial Crisis of the previous decade, in order to battle the widespread currency speculation. Few banks in Asia experienced the problems that caused widespread closures in the West.

....

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