Financial Sector Rents in Malaysia

Chin, Kok Fay; Khan, Mushtaq; Jomo, K. S.

doi:10.1017/cbo9781139085052.009

Cited by 3 publications

(1 citation statement)

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“…Thailand had a relatively liberal financial system (Doner and Unger, 1993). With Malaysia it had a weaker monitoring regime than Korea 3 and policy that created rent-seeking opportunities for favoured ethnic groups (Fay and Jomo, 2000;Rasiah and Shari, 2001). Even Taiwan, with public banks dominating finance until the 1990s, specific state direction of finance remained limited, the public banks were risk-averse and did not develop close monitoring relationships with their clients (Cheng, 1993;Fields, 1995, chs 3 & 5).…”

Section: Developmental Bankingmentioning

confidence: 99%

What’s Left of ‘State Capacity’? The Developmental State after Globalization and the East Asian Crisis

Perraton¹

2005

Global Encounters

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The great majority of proponents of the developmental state see few negative implications in recent globalisation trends. Globalisation in general is often held to be exaggerated and it may actually increase the possible gains from state activism. The East Asian crisis is largely seen as a temporary aberration. This paper argues that the implications of these trends are more profound. It argues that globalisation processes have acted to reduce the efficacy of policy instruments traditionally used by developmental states. Key problems arise from the theory of the developmental state. Whilst strong country case study work has been produced, few more general principles have been drawn from this and those that have been can be challenged. The arguments for the continued viability of the developmental state often conflate positive and normative elements.

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Section: Developmental Bankingmentioning

confidence: 99%

What’s Left of ‘State Capacity’? The Developmental State after Globalization and the East Asian Crisis

Perraton¹

2005

Global Encounters

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Political Parties and Financial Development: Evidence from Malaysia and Thailand

Zhang

2007

J. Pub. Pol.

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Drawing upon theoretical studies on the policy impact of political parties, this article address cross-national differences in financial policy choice and capital market development in Malaysia and Thailand. An explanatory approach that considers inter-party organisational dimensions in tandem with intra-party structural attributes shows that financial and regulatory policies have varied significantly between Malaysia and Thailand in response to the national configurations of political parties. The different patterns of policy choices, in turn, have led to varied capital market structures and development trajectories. Thus the theoretical literature on the political economy of financial capitalism in developed countries, which stresses the importance of domestic political institutions, has implications for the political underpinnings of financial market reforms in emerging market countries.

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Industrial Policy and Global Value Chains: The experience of Guangdong, China and Malaysia in the Electronics Industry

Mavroeidi¹

2019

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Financial Sector Rents in Malaysia

Cited by 3 publications

References 0 publications

What’s Left of ‘State Capacity’? The Developmental State after Globalization and the East Asian Crisis

What’s Left of ‘State Capacity’? The Developmental State after Globalization and the East Asian Crisis

Political Parties and Financial Development: Evidence from Malaysia and Thailand

Industrial Policy and Global Value Chains: The experience of Guangdong, China and Malaysia in the Electronics Industry

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