@article{2ae81627176d4465ba9cf67822fc763d,
title = "Running out of steam? Manufacturing in malaysia",
abstract = "This article examines the process of deindustrialisation in developing countries, looking at the case of Malaysia. It provides a framework to examine how industrial structure and domestic technological capabilities are affected by the wider challenges of late industrialisation, changes in global accumulation and domestic class formations. It discusses the emerging evidence of Malaysia's premature deindustrialisation, and how this is the result of broader accumulation strategies that were primarily driven by internal factors related to the emergence of a Malay middle class and supported by changes in global accumulation processes related to the development of global production networks and financialisation.",
keywords = "Deindustrialisation, FDI, Late industrialisation, Malaysia, Technological catching up",
author = "Jeff Tan",
note = "Funding Information: The government responded to the limitations of FDI-and MNC-led industrialisation by creating the Heavy Industries Corporation of Malaysia (HICOM) in 1980, encompassing steel, cement and automobile production, to promote backwards linkages and technology acquisition and innovation and to develop domestic industries (and capitalists). In Phase III, technology acquisition and industrial upgrading became a central part of development policy through the First Industrial Master Plan (1985– 95), Intensification of Research Priority Areas programme (1986), Technology Action Plan (1990), and Industrial Technical Assistance Fund (1990). Innovation in science and technology was promoted through R&D budget allocations under the Fifth and Sixth Malaysia Plans (1986–90 and 1991–95), tax incentives and research grants for small and medium-size industries and technology parks. These policies and programmes were implemented and coordinated by a range of ministries, departments, task forces and research centres.The government also increased incentives through the Pioneer Industries Act (1986) and relaxed licensing requirements with amendments to the ICA to attract private investment that had declined.",
year = "2014",
month = jan,
doi = "10.1093/cje/bet032",
language = "English",
volume = "38",
pages = "153--180",
journal = "Cambridge Journal of Economics",
issn = "0309-166X",
publisher = "Oxford University Press",
number = "1",
}