Economic Development Strategies: Insights from Malaysia on Overcoming the 'Middle-Income Trap'

— —

Satoru Kumagai Masashi Nakamura

Economic Development Strategies

Name: Economic Development Strategies
Price: 261.21 AUD
Availability: OutOfStock
ISBN: 9789819568987

Insights from Malaysia on Overcoming the 'Middle-Income Trap'

Satoru Kumagai, Masashi Nakamura

$326.95 $261.21

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We will update you on expected arrival time to us. If this delay is too long, please let us know within 2 business days and we can give you options regarding cancelling or adjusting your order. More details on cancelling your order can be found in our Terms of Trade.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Springer Verlag, Singapore
06 March 2026

Asian history; Politics & government; Economic growth; Development economics; Political economy

Series: Emerging-Economy State and International Policy Studies

This book offers a compelling analysis of Malaysia’s path to sustained economic growth and social stability, illuminating how the country navigated the complex challenges of industrialization, ethnic diversity, and inequality. Spanning six decades of development from the 1960s to the 2020s, the book integrates rigorous economic analysis with nuanced political insights to present a comprehensive account of Malaysia’s transformation.

Through detailed examination of industrial upgrading, productivity growth, and policy implementation, the book reveals how Malaysia balanced rural development with urbanization and economic expansion with ethnic harmony. Unlike many developing nations that prioritized industrialization at the expense of rural sectors, Malaysia pursued a dual-track strategy—supporting both agriculture and industry while managing labor transitions across sectors.

Central to this success was Malaysia’s competitive authoritarian political system, which enabled decisive policy shifts at critical junctures. The book explores how this governance model facilitated the country’s transition from a primary commodity exporter to a diversified industrial economy, while actively addressing ethnic economic disparities. Essential reading for scholars, policymakers, and practitioners in development economics, political economy, and Asian studies, this work provides unique insights into the policy choices and institutional dynamics that shaped Malaysia’s development trajectory. It offers valuable lessons for other multi-ethnic middle-income countries seeking sustainable growth.

By: Satoru Kumagai, Masashi Nakamura
Imprint: Springer Verlag, Singapore
Country of Publication: Singapore
Dimensions: Height: 235mm, Width: 155mm,
ISBN: 9789819568987
ISBN 10: 9819568986
Series: Emerging-Economy State and International Policy Studies
Pages: 158
Publication Date: 06 March 2026
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

The Theory of the Middle-Income Trap and Malaysia.- Challenges in the Low-Income Period and Their Solution.- Quantitative and Qualitative Expansion of the Labor Force.- Key Players in Economic Development.- The Reality and Challenges of Industrial Upgrading.- From External to Domestic Demand.- Hints for Escaping the ""Middle-Income Trap"" and Future Challenges.

Satoru Kumagai is a Senior Researcher at the Development Studies Center of the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO). He holds an MSc in Global Market Economics from the London School of Economics and Political Science and a Master’s degree in Media and Governance from Keio University. His research focuses on economic development and regional integration in Asia, with particular attention to strategies for overcoming the middle-income trap. Masashi Nakamura is the Director-General of the Area Studies Center at the Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO). He earned his Ph.D. from the University of Tokyo and holds a Master’s degree in International Studies from Tokyo University of Foreign Studies. Dr. Nakamura’s research centers on comparative politics and the political economy of Asia, with a particular focus on Malaysia