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http://hdl.handle.net/10419/53653
  

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dc.contributor.authorNambiar, Shankaranen_US
dc.date.accessioned2011-01-03en_US
dc.date.accessioned2011-12-15T12:26:32Z-
dc.date.available2011-12-15T12:26:32Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/53653-
dc.description.abstractThe economic crisis that began in the United States had an effect on the developed world, including the European Union, Japan, and Singapore. The downturn of the economy in the United States, coupled with developments in the European Union, Japan, and Singapore, has affected the Malaysian economy. This paper argues that Malaysia, being a small open economy with a strong export-dependent manufacturing sector, was particularly vulnerable to the global crisis. The very countries that generate the demand for Malaysian exports have been struck by the crisis, leading to declines in output in Malaysia. These declines have resulted in labor market shocks which have led to retrenchments. The severity of the crisis and its prolonged duration requires an approach that is not unduly dependent on export-led growth. This paper will suggest that Malaysia adopt a rebalancing strategy in response to the current crisis.en_US
dc.language.isoengen_US
dc.publisherAsian Development Bank Institute Tokyoen_US
dc.relation.ispartofseriesADBI working paper series 148en_US
dc.subject.jelF10en_US
dc.subject.jelF40en_US
dc.subject.jelE21en_US
dc.subject.jelE60en_US
dc.subject.ddc330en_US
dc.titleMalaysia and the global crisis: Impact, response, rebalancing strategiesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn613692225en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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