Although increasing globalizations spurred rapid industrialization in Malaysia, this article shows that the lack of … driven Malaysia down the low industrialization road. The Malaysian experience reflects a case of manufacturing's importance … growth, and with labour market practices constraining instead of facilitating positive change. (J Asia Pac Econ/GIGA) …

drove the contagion catastrophically across East Asia in 1997. While acknowledging the destabilizing effect of volatile … expansion in the bubble had masked the quagmire that Malaysia was in when the Asian financial crisis struck …