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.
- Late industrialisation
- Technological catching up