The Political Economy of Financial Development in Malaysia by... - 9780367138691

Taylor & Francis

The Political Economy of Financial Development in MalaysiaFrom the Asian Crisis to 1MDB\nAuthor(s): Lena Rethel\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367138691, 978-0367138691\nSynopsis\nCurrent inquiries into the political economy of financial policymaking in Malaysia tend to focus on the high-level drama of crisis politics or simply point to the limited impact of post-crisis financial reforms, given that politico-business relations have remained close. In so doing, pundits ignore a number of intriguing questions: what is the relationship between financial development and financialisation and how has it played out in the Malaysian context? And more generally: how can a country like Malaysia become significantly more financially developed, yet fail to emancipate the financial system from political control; a core element of the financial development discourse? \n\nTo unravel the complexities of this puzzle, this book .