Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches

The debate on the role of trade in the process of industrial development in developing countries has a long history. For many years developing economies were faced with the grim prospect of facing continued economic stagnation as characterized by Africa and Latin America. It gave rise to a plethora...

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Main Authors: Rajah, Rasiah, H. Osman, Rani, Rokiah, Alavi
Format: Article
Language:English
Published: Universiti Malaysia Sarawak, (UNIMAS) 2000
Subjects:
Online Access:http://ir.unimas.my/id/eprint/9229/
http://ir.unimas.my/id/eprint/9229/1/CHANGING%20DIMENSIONS%20OF%20MALAYSIAN%20TRADE%20BEYOND%20LAISSEZ%20FAIRE%20AND%20DIRIGISTE%20APPROACHES.pdf
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author Rajah, Rasiah
H. Osman, Rani
Rokiah, Alavi
author_facet Rajah, Rasiah
H. Osman, Rani
Rokiah, Alavi
author_sort Rajah, Rasiah
building UNIMAS Institutional Repository
collection Online Access
description The debate on the role of trade in the process of industrial development in developing countries has a long history. For many years developing economies were faced with the grim prospect of facing continued economic stagnation as characterized by Africa and Latin America. It gave rise to a plethora of inward-oriented prescriptions from trade pessimists who have often argued that the capacity of developing economies to grow through export-orientation is limited because of the slow growth in world demand for their exports and the tendency of the terms of trade to disfavour them (Nurkse, 1959; Prebisch, 1959, 1983; Singer, 1950; Stewart, 1976; Lewis, 1980). Such a view was echoed by the Secretary General of the United Nations Committee for Trade and Development (UNCTAD) who maintained the developing countries did not share in three decades of post-war prosperity because of the “existence of basic weaknesses in the mechanisms that link the economies of the two groups of countries” (UNCTAD, 1977: 8-9)
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spelling unimas-92292015-10-27T06:13:06Z http://ir.unimas.my/id/eprint/9229/ Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches Rajah, Rasiah H. Osman, Rani Rokiah, Alavi HB Economic Theory The debate on the role of trade in the process of industrial development in developing countries has a long history. For many years developing economies were faced with the grim prospect of facing continued economic stagnation as characterized by Africa and Latin America. It gave rise to a plethora of inward-oriented prescriptions from trade pessimists who have often argued that the capacity of developing economies to grow through export-orientation is limited because of the slow growth in world demand for their exports and the tendency of the terms of trade to disfavour them (Nurkse, 1959; Prebisch, 1959, 1983; Singer, 1950; Stewart, 1976; Lewis, 1980). Such a view was echoed by the Secretary General of the United Nations Committee for Trade and Development (UNCTAD) who maintained the developing countries did not share in three decades of post-war prosperity because of the “existence of basic weaknesses in the mechanisms that link the economies of the two groups of countries” (UNCTAD, 1977: 8-9) Universiti Malaysia Sarawak, (UNIMAS) 2000 Article NonPeerReviewed text en http://ir.unimas.my/id/eprint/9229/1/CHANGING%20DIMENSIONS%20OF%20MALAYSIAN%20TRADE%20BEYOND%20LAISSEZ%20FAIRE%20AND%20DIRIGISTE%20APPROACHES.pdf Rajah, Rasiah and H. Osman, Rani and Rokiah, Alavi (2000) Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches. International Journal of Business and Society, 1 (1). pp. 37-68. ISSN 1511-6670 http://www.ijbs.unimas.my
spellingShingle HB Economic Theory
Rajah, Rasiah
H. Osman, Rani
Rokiah, Alavi
Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches
title Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches
title_full Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches
title_fullStr Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches
title_full_unstemmed Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches
title_short Changing Dimensions of Malaysian Trade: Beyond Laissez Faire and Dirigiste Approaches
title_sort changing dimensions of malaysian trade: beyond laissez faire and dirigiste approaches
topic HB Economic Theory
url http://ir.unimas.my/id/eprint/9229/
http://ir.unimas.my/id/eprint/9229/
http://ir.unimas.my/id/eprint/9229/1/CHANGING%20DIMENSIONS%20OF%20MALAYSIAN%20TRADE%20BEYOND%20LAISSEZ%20FAIRE%20AND%20DIRIGISTE%20APPROACHES.pdf