Since 1957, Malaysia's economic development has been an account of growth, transformation, and of structural change. More than 75 per cent of its gross domestic product (GDP) comes from the manufacturing and services sectors. However, Malaysia is stuck in a middle-income trap and is facing challenges on the economic and political front. In June 2010, Prime Minister Najib Razak unveiled the 10th Malaysian Plan (2011-15) to chart the development of Malaysia from a middle- to high-income nation. This publication represents a policy-oriented stocktake and evaluation by academics, policymakers, and business people on Malaysia's achievements, present work-in-progress endeavours, and some of the future challenges facing the nation in its pursuit to achieve a developed high-income country status.

The Malaysian economy is developing fast within the context of increasing globalization. The book analyses in depth Malaysia's policies aimed at promoting international trade, economic growth and social welfare. It also studies Malaysia's position in the Southeast Asia region and in a global context. This analysis forms the basis for the formulation of an alternative development strategy, whose aim is producing a caring civil society and enhancing the general welfare of the population while developing the economy.

Care Relations in Southeast Asia: The Family and Beyond, offers a better understanding of changes and continutity in intergenerational care relations and transactions within and beyond the family network across Malaysia, Thailand and Vietnam with policy recommendations for the current and future challenges.

"Winds of Change analyses the Malaysian economy amidst the smooth transfer of power from Tun Dr. Mahathir Mohamad to Dato' Seri Abdullah Ahmad Badawi towards the end of 2003. With Abdullah at the helm, Malaysia's future is in good hands. The wave of globalisation, the liberalisation of markets and a maturing society in terms of political and social sophistication provide both opportunities and challenges for the nation."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Focusing on Malaysia's shifting economic profile and position, this book offers new insights and perspectives to scholars and researchers on a range of new developments impacting on growth, such as the effects of the digital economy on job creation and the threats of environmental degradation and trade protectionism.