The riddle of Malaysian capitalism : rent-seekers or real capitalists?
Author(s)
Bibliographic Information
The riddle of Malaysian capitalism : rent-seekers or real capitalists?
(Southeast Asia publications series)
Asian Studies Association of Australia in association with Allen & Unwin and University of Hawai'i Press, c1999
- : us
- : pbk : at
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Note
"Based on a dissertation for a PhD degree submitted to the Australian National University (ANU) in December 1994"--Pref
Includes bibliographical references (p. 294-302) and index
Description and Table of Contents
Description
Is capitalism in Southeast Asia "real" or a "chimera"? Is capitalism in Southeast Asia sustainable? Malaysia, where an intimate relationship has been forged between the state and business in an interesting effort to create Malay capitalists, presents an illuminating case in the debate. This study identifies the complex interaction between the state, party (UMNO) and business as the source of dynamism or defeat in the development of Malay capitalists and challenges a common view that Chinese capital is completely different from Malay capital. The text argues against drawing sharp contrasts between dependency and self-reliance, between state and capital, and between rent-seekers and true "productive" capitalists. It is from that amalgam of categories and groups that the study concludes that a form of capitalism is emerging in Malaysia which is nonetheless remarkably dynamic, vibrant and resilient despite its unorthodox origins.
Table of Contents
TablesFiguresAbbreviationsPrefaceIntroductionPART I - THE HISTORICAL CONTEXT: STATE AND CAPITAL TO 1990Malaysian political economy: an overviewThe state and the expansion of Malay ownershipPART II - MALAY CAPITALISTS: STATE, PARTY, POLITICAL AND PRIVATEThe new Malay state: catalyst for capitalism or cronyism?The party: UMNO's role in the development of Malay capitalismPolitical capitalists: relations between party capital and private Malay capitalPrivate Malay capital: rentiers, transitional groups and entrepreneursPART III - CHINESE CAPITALISTS: PARIAHS OR ENTREPRENEURS?MPHB: the failure of the Chinese 'institutional' approachChinese business groups: new wealthChinese business groups: old wealthConclusionSelected interviewsNotesBibliographyIndex
by "Nielsen BookData"