Read Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts

Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts

Sultan Nazrin Shah

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Description:Charting the Economy assesses the course of Malaya’s commodity-dependent economy during the first 40 years of the 20th century under British colonial control, contrasting it with economic growth and development in contemporary Malaysia.Drawing on archival documents to derive estimates of Malaya’s GDP and analysing trends, it breaks new ground in understanding the dynamics of economic performance.In the first half of the 20th century, the Malay Peninsula, like much of Southeast Asia, was under colonial rule. Colonialism facilitated the control of lands, institutions and peoples, as well as the exploitation of natural resources.Malaya’s economy was largely agrarian, supported by two primary commodity pillars—tin and rubber—produced to meet the needs of the industries and people in Europe and North America.Sultan Nazrin Shah eloquently articulates how the economy rode a commodity roller-coaster. Being small and open, it was exceedingly vulnerable to external cyclical shocks—World War I (1914–1918), the Roaring Twenties (1920–1929), and the Great Depression (1929–1932)—which were the main causes of economic booms and busts.This book makes a compelling case that the colonial laissez-faire economic system worked well for the agency houses that repatriated huge profits but paid small dividends to the masses. Development was highly uneven, with growth and prosperity concentrated in and benefiting the Peninsula’s west coast states, where most of the tin mines and rubber plantations were located.After independence, national control over economic management was accompanied by a long-term vision for a socially just nation. Real GDP growth in post-independence Malaysia brought rapid advances in standards of living.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts. To get started finding Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 234

Format: PDF, EPUB & Kindle Edition

Publisher: Oxford University Press

Release: 2017

ISBN: 9834720149

Description: Charting the Economy assesses the course of Malaya’s commodity-dependent economy during the first 40 years of the 20th century under British colonial control, contrasting it with economic growth and development in contemporary Malaysia.Drawing on archival documents to derive estimates of Malaya’s GDP and analysing trends, it breaks new ground in understanding the dynamics of economic performance.In the first half of the 20th century, the Malay Peninsula, like much of Southeast Asia, was under colonial rule. Colonialism facilitated the control of lands, institutions and peoples, as well as the exploitation of natural resources.Malaya’s economy was largely agrarian, supported by two primary commodity pillars—tin and rubber—produced to meet the needs of the industries and people in Europe and North America.Sultan Nazrin Shah eloquently articulates how the economy rode a commodity roller-coaster. Being small and open, it was exceedingly vulnerable to external cyclical shocks—World War I (1914–1918), the Roaring Twenties (1920–1929), and the Great Depression (1929–1932)—which were the main causes of economic booms and busts.This book makes a compelling case that the colonial laissez-faire economic system worked well for the agency houses that repatriated huge profits but paid small dividends to the masses. Development was highly uneven, with growth and prosperity concentrated in and benefiting the Peninsula’s west coast states, where most of the tin mines and rubber plantations were located.After independence, national control over economic management was accompanied by a long-term vision for a socially just nation. Real GDP growth in post-independence Malaysia brought rapid advances in standards of living.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts. To get started finding Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts

Charting the Economy: Early 20th Century Malaya and Contemporary Malaysian Contrasts

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