Okposin, Samuel B. and Kanbur, M. G. Foreign Direct Investment, Technical Change and Globalisation in Malaysia. In: international conference on Globalisation and Development: Lessons for the Malaysian Economy organized by the Faculty of Economics and Administration, University of Malaya, Malaysia.
Full text not available from this repository.Abstract
Abstract Purpose: Government initiative has been a critical component of the Singapore's success. Although observers have frequently praised Singapore for its free market policies, they have often neglected the government's importance and wide-ranging economic roles, extending from its extensive institutional networks and regulatory activities, to its active involvement in production through the plethora of state corporations that it has created. The success of the government has, however, been heavily dependent on foreign capital inflow. Thus this paper examines FDI inflow in Singapore and looks at what lessons could be learnt by Malaysia. Method: Data from Bank Negara and Economic Planning unit were used to critically examine the role of FDI and technical change in Malaysia. Result: While Singapore’s experience is undoubtedly a unique one because of its small size and strategic location as an entrepot for the Southeast Asia, however, its experience is relevant to Malaysia in at least three aspects. Firstly, the importance of the state as an architect of economic development. Secondly, the role of FDI for economic growth and development. Finally, it proves that a country can achieve rapid development as a net importer of FDI and become a major investor overseas. Publication: Paper presented at the international conference on Globalisation and Development: Lessons for the Malaysian Economy organized by the Faculty of Economics and Administration, University of Malaya.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HA Statistics H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Dr Samuel B. Okposin |
| Date Deposited: | 31 Mar 2015 09:56 |
| Last Modified: | 31 Mar 2015 09:56 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/4466 |
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