Curricullum Vitae
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Cronyism and Capital Controls: Evidence from Malaysia
Journal of Financial Economics 00 (2002) 000-000 Cronyism and capital controls: evidence from Malaysia Simon Johnsona,* Todd Mittonb aSloan School of Management, Massachusetts Institute of Technology, Cambridge, MA 02142, USA bMarriott School, Brigham Young University, Provo, UT 84602, USA (Received 24 August 2001; accepted 25 January 2002) Abstract The onset of the Asian financial crisis in Malaysia reduced the expected value of government subsidies to politically connected firms, accounting for roughly 9% of the estimated $60 billion loss in their market value from July 1997 to August 1998. Firing the Deputy Prime Minister and imposing capital controls in September 1998 primarily benefited firms with strong ties to Prime Minister Mahathir, accounting for roughly 32% of these firms’ estimated $5 billion gain in market value during September 1998. The evidence suggests Malaysian capital controls provided a screen behind which favored firms could be supported. JEL classification: G15; G38; F31 Keywords: Capital controls; Political connections; Financial crises; Institutions Johnson thanks the MIT Entrepreneurship Center for support. We thank Jim Brau for help with the SDC data. For helpful comments we thank an anonymous referee, Daron Acemoglu, Olivier Blanchard, Jim Brau, Ricardo Caballero, Ray Fisman, Tarun Khanna, Grant McQueen, Randall Morck, Sendhil Mullainathan, Raghuram Rajan, Dani Rodrik, David Scharfstein, Andrei Shleifer, Jeremy Stein, Keith Vorkink, Bernard Yeung, and participants at the MIT Macroeconomics lunch, the NBER conference on the Malaysian Currency Crisis, the NBER corporate finance program spring 2001 meeting, and the Brigham Young University finance seminar. We also thank several Malaysian colleagues for sharing their insights off the record. *Corresponding author contact information: Sloan School at MIT, Cambridge, MA 02142 E-mail: [email protected] 0304-405X/02/ $ see front matter © 2002 Published by Elsevier Science B.V. -
Dewan Rakyat
Bil. 21 Isnin 19 April 2010 MALAYSIA PENYATA RASMI PARLIMEN DEWAN RAKYAT PARLIMEN KEDUA BELAS PENGGAL KETIGA MESYUARAT PERTAMA K A N D U N G A N RANG UNDANG-UNDANG DIBAWA KE DALAM MESYUARAT (Halaman 1) RANG UNDANG-UNDANG: Rang Undang-undang Perbekalan Tambahan (2010) 2010 Jawatankuasa:- Jadual:- Maksud B.22 (Halaman 2) Maksud B.23 (Halaman 12) Maksud B.24 (Halaman 13) Maksud B.25 (Halaman 20) Maksud B.27 (Halaman 41) Maksud B.28 (Halaman 28) Maksud B.29 (Halaman 71) Maksud B.31 (Halaman 79) Maksud B.41 (Halaman 96) Maksud B.42 (Halaman 122) Maksud B.49 (Halaman 131) Maksud B.60 (Halaman 136) Maksud B.62 (Halaman 143) USUL-USUL: Waktu Mesyuarat dan Urusan Dibebaskan Daripada Peraturan Mesyuarat (Halaman 1) Anggaran Pembangunan Tambahan (Bil.1) 2010 Jawatankuasa:- Maksud P.22 (Halaman 2) Maksud P.24 (Halaman 13) Maksud P.28 (Halaman 28) Maksud P.31 (Halaman 79) Maksud P.62 (Halaman 143) Meminda Jadual Di Bawah P.M. 66(9) – Memotong RM10 Peruntukan Kepala B.41 (Halaman 96) Diterbitkan Oleh: CAWANGAN PENYATA RASMI PARLIMEN MALAYSIA 2010 DR.19.4.2010 i AHLI-AHLI DEWAN RAKYAT 1. Yang Berhormat Tuan Yang di-Pertua, Tan Sri Datuk Seri Utama Pandikar Amin Haji Mulia, S.U.M.W., P.G.D.K., P.S.M., J.S.M., J.P. 2. Yang Berhormat Timbalan Yang di-Pertua, Datuk Dr. Haji Wan Junaidi Tuanku Jaafar, P.J.N., P.B.S. J.B.S., J.S.M. (Santubong) – PBB 3. “ Timbalan Yang di-Pertua, Datuk Ronald Kiandee, A.S.D.K., P.G.D.K. -
THE NEW ECONOMIC POLICY and the UNITED MALAYS NATIONAL ORGANIZATION —With Special Reference to the Restructuring of Malaysian Society—
The Developing Economies, XXXV-3 (September 1997): 209–39 THE NEW ECONOMIC POLICY AND THE UNITED MALAYS NATIONAL ORGANIZATION —With Special Reference to the Restructuring of Malaysian Society— TAKASHI TORII INTRODUCTION N 1990, Malaysia duly completed its twenty-year New Economic Policy (NEP) which was launched in 1971. Though the NEP has been described as I an “economic” policy, its contents and implementation processes show that it went far beyond the scope of economic policy packages. In fact, policies in such noneconomic areas as education, language, culture, and religion have been formu- lated and implemented in close relationships with it. Consequently, the NEP has exerted major influences not only on Malaysia’s economy but on Malaysian society as a whole. From the point of view of the NEP’s stated objective, namely, “ to lift up the economic and social status of Malays,” the NEP has achieved signal successes, such as the creation of a Malay middle class and Malay entrepreneurs, most notably the new Malay business groups.1 A number of both positive and negative evaluations have been made about the NEP, which has had such a major impact on Malaysian society.2 These studies generally identify two basic characteristics of the NEP. –––––––––––––––––––––––––– This paper is part of the fruits of the research and investigation I conducted in Malaysia in 1991–93 as a visiting research fellow at the National University of Malaysia (Universiti Kebangsaan Malaysia— UKM). I wish to express my gratitude to the Institute of Developing Economies for sending me out as its research fellow, the National University of Malaysia for accepting and helping me, and the UMNO Research Bureau and the New Straits Times Research Centre for giving me the opportunity to use their valuable archives. -
The Media and Poverty in Malaysia
This document is downloaded from DR‑NTU (https://dr.ntu.edu.sg) Nanyang Technological University, Singapore. Portraying the poor : the media and poverty in Malaysia Zaharom Nain. 1999 Zaharom Nain. (1999). Portraying the poor : the media and poverty in Malaysia. In Seminar on Media and Human Rights Reporting on Asia's Rural Poor : November 24‑26, 1999, Bangkok. Singapore: Asian Media Information and Communication Centre. https://hdl.handle.net/10356/93229 Downloaded on 04 Oct 2021 18:53:24 SGT ATTENTION: The Singapore Copyright Act applies to the use of this document. Nanyang Technological University Library Paper No. 5 ATTENTION: The Singapore Copyright Act applies to the use of this document. Nanyang Technological University Library Portraying the Poor: The Media and Poverty in Malaysia Zaharom Nain Universiti Sains Malaysia 1999 1. The State and Poverty: Malaysia's Post-Independence Development Policies The contemporary Malaysian population is multi-ethnic and multi-religious, with three major ethnic groups - Malay, Chinese and Indian - and numerous other ethnic minorities (including Iban, Kadazan, Bajau and Murut), particularly located in East Malaysia. According to 1997 estimates (Bank Negara Malaysia Annual Report, 1996), Malaysia has a total population of 21.7 million. Of these, more than 17 million (78.3 per cent of the total population) are located in Peninsular Malaysia. And the ethnic composition of this 17 million is as follows: 9.8 million (57.7 per cent) are Bumiputera (Malay and certain other indigenous groups), 4.6 million (27.1 per cent) are Chinese, and 1.5 million (8.8 per cent) are Indian. Given its multi-ethnic nature, not surprisingly, Malaysia's history1 has been dominated by ethnic-based parties and ethnic politics since it attained independence. -
Effectiveness, Influences and Implications of Third Sector In
Youth Organisations’ Participation in the Nation Building of Malaysia JANICE LAY HUI NGA VICTOR TERRY KING Department of East Asian Studies The University of Leeds United Kingdom Email: [email protected] Homepage: http://www.personal.leeds.ac.uk/~easjlhn/ \\Ips-srv-003\istr\Donna\wpdocs\Donna\Conferences\Bangkok 2006\Follow Up\Working Papers\Papers\Nga.Janice.doc 2 ABSTRACT The third sector (civil society) lies between the state (first sector: politics) and the market (second sector: economy). Research on the importance of the third sector on economic and social development is negligible. The hitherto lack of interest from mainstream economists can be explained in terms of the complexity of the third sector, difficulties of quantifying its impact, and the fact that the impact of changes within the third sector can only be ascertained over a long period of time. To date, studies concerning civil society and philanthropy in Malaysia are rare in comparison with other areas of studies. However, the third sector has gained attention in recent years in relation to its contribution to national development. The investigation of the Malaysian third sector, especially youth organisations, is timely because of the growing government and public concern for youth in Malaysia. On the one hand, it is important to note that young people are the major category of population in Malaysia; they comprise about 42.4 percent of the total population. On the other hand, it is also interesting to note the difference in the Malaysian definition of ‘Youth’ and its consequences. Youth in Malaysia is defined as people aged between 15 to 40 years old. -
Download File
Initiative for Policy Dialogue Privatization Task Force Privatization’s Distributional Impact in Malaysia1 Jomo K. S. Applied Economics Department, University of Malaya, Kuala Lumpur, Malaysia Malaysian Prime Minister Mahathir Mohamad’s 1983 announcement of his government’s intention to embark on a privatization policy represented a dramatic reversal of preceding Malaysian government policy although it was very much consistent with his own personal ideological and policy preferences as well as the then new wave of conservative market reforms beginning in the West with the election of the Thatcher Government in the United Kingdom in 1979 and the Reagan administration in the United States late the following year. Privatization has proceeded unevenly since its emergence in the 1980s. Of the 2,100 known cases of divestiture in developing countries between 1980 and 1991, over half (around 1,300) were in Mexico and Chile alone, leaving a low single digit average for the others (Kikeri, Nellis & Shirley, 1992: 7). Hence, the wholesale approach – advocated by the Privatization Masterplan (PMP) (Malaysia, 1991a) – was an exception rather than the rule. However, privatization has since become more significant elsewhere, especially in the so-called transitional or former communist economies. The Malaysian Government has identified five different policy objectives for its privatization policy, of which contributing to the New Economic Policy (NEP) has arguably been the most important. The NEP, first announced in 1970, sought to create the conditions for ‘national unity’ by reducing poverty and reducing inter-ethnic disparities, especially between the indigenous, mainly ethnic Malay Bumiputras and the mainly ethnic Chinese non-Bumiputras, usually referred to in Malaysian discourse as ‘restructuring society’. -
Misplaced Democracy Ii Misplaced Democracy
Contents i Misplaced Democracy ii Misplaced Democracy The Strategic Information and Research Development Centre (SIRD) is an independent publishing house founded in January 2000 in Petaling Jaya, Malaysia. The SIRD list focuses on Malaysian and Southeast Asian studies, economics, gender studies, social sciences, politics and international relations. Our books address the scholarly community, students, the NGO and development communities, policymakers, activists and the wider public. SIRD also distributes titles (via its sister organisation, GB Gerakbudaya Enterprise Sdn Bhd) published by scholarly and institutional presses, NGOs and other independent publishers. We also organise seminars, forums and group discussions. All this, we believe, is conducive to the development and consolidation of the notions of civil liberty and democracy. Contents iii Misplaced Democracy Malaysian Politics and People Edited by Sophie Lemière Strategic Information and Research Development Centre Malaysia iv Misplaced Democracy Copyright © 2014 Sophie Lemière First published in 2014 by: Strategic Information and Research Development Centre No. 11 Lorong 11/4E, 46200 Petaling Jaya, Selangor, Malaysia Email: [email protected] Website: www.gerakbudaya.com All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publishers. Perpustakaan Negara Malaysia / Cataloguing-in-Publication