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Publié par | world-bank-publications |
Publié le | 01 octobre 2009 |
Nombre de lectures | 21 |
EAN13 | 9780821380611 |
Langue | English |
Poids de l'ouvrage | 2 Mo |
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A COMPARATIVE ANALYSIS OF MALAYSIA’S
INDUSTRIAL PROSPECTS AND POLICY OPTIONS
Shahid Yusuf and Kaoru NabeshimaTiger Economies
Under Threat Tiger Economies
Under Threat
A Comparative Analysis
of Malaysia’s Industrial Prospects
and Policy Options
Shahid Yusuf
Kaoru Nabeshima
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ISBN: 978-0-8213-7880-9
eISBN: 978-0-8213-8061-1
DOI: 10.1596/978-0-8213-7880-9
Library of Congress Cataloging in Publication Data has been applied for.
Cover design by Drew Fasick, Serif Design Group.Contents
Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xv
About the Authors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xvii
Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . xix
Chapter 1. Southeast Asia Faces Mounting Competition . . . . . . . . . . . . . . . . . . . 1
Brief Development History of the Four Southeast Asian Tigers. . . . . . . . . . . . . . . 4
The East Asian Model . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
The Malaysian Experience . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Analyzing Industrial Change in Southeast Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Tiger in the Spotlight . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Chapter 2. Malaysia: The Quintessential Maturing Tiger Economy . . . . . . . . . . 17
Sources of Growth. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Evolution of the Manufacturing Industry in Malaysia . . . . . . . . . . . . . . . . . . . . . 22
Annex 2.A: Indicators of Competitiveness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
Chapter 3. Analyzing Comparative Advantage and Industrial Change:
Reading the Export Trade Tea Leaves. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Exports and Industrial Change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
An Overview of Export Capabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
Chapter 4. Imports and Foreign Direct Investment: Competition and
Technology Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93
Imports and Technology Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95
Patterns of Foreign Direct Investment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98
Technology Infusion from FDI and Upgrading . . . . . . . . . . . . . . . . . . . . . . . . . . 102
Chapter 5. Leading and Faltering Industries: The Electronics, Auto Parts,
and Agro-Processing Sectors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
Electronics and Electrical Engineering . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
Auto Parts Industry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109
Palm Oil, Biodiesel, and Food Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113
vvi Contents
Chapter 6. Can Southeast Asian Tiger Economies Become Innovative? . . . . . 119
Industrial Location . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 119
Quality of Labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 131
Access to Finance150
Chapter 7. From Technology Development to Innovation Capability. . . . . . . . . 159
R&D Spending. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160
Patenting Activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 172
Licensing and Technology Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 178
Research Activities of Malaysian Firms . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180
Innovation Comparative Advantage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 183
Chapter 8. Can the Tigers Grow Fast and Furious Again? . . . . . . . . . . . . . . . . . 187
Long-Run Growth187
How Neighboring Economies Can Affect Malaysia . . . . . . . . . . . . . . . . . . . . . . . 199
Chapter 9. What Can the Tigers Do? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 203
Appendix A
Revealed Comparative Advantage of East Asian Economies Other
than Malaysia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219
Appendix B
Product Space Analysis for Southeast Asian Economies . . . . . . . . . . . . . . . . . . . 225
Appendix C
Research and Development Spending by Private Firms in Malaysia . . . . . . . . . 235
Appendix D
Index of Innovation Revealed Comparative Advantage . . . . . . . . . . . . . . . . . . . 237
Appendix E
Financial Incentives for Research and Development, Technology
Development, and Innovation in Chinese Firms . . . . . . . . . . . . . . . . . . . . . . . . . 241
Appendix F
Financial Incentives for Research and Development, Technology
Development, and Innovation in Thai Firms. . . . . . . . . . . . . . . . . . . . . . . . . . . . 243
References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 249
Index. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 269
Figures
2.1 Industrial Composition by Type of Manufacture, Malaysia,
1981, 1990, and 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
2.2 Value-Added Ratios in Machinery in Selected East Asian Economies . . . . 27Contents vii
3.1 Share of Malaysia’s and Selected Southeast Asian Countries’ Exports
to the World, 1995–2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
3.2 Share of Malaysia’s and SelectAsian Countries’ Exports
to the United States, 1995–2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
3.3 Share of Malaysia’s and Selected Southeast Asian Countries’ Exports to
China, 1995–2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
3.4 Exports of Malaysia by Type of Manufacture, 1995–2007 . . . . . . . . . . . . . 41
3.5ts of Malaysia by Type of Mane, Excluding Electronics,
1995–2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
3.6 Exports of Electronic and Electrical Manufactures, 1995–2007 . . . . . . . . . 43
3.7 Composition of Exports by Type of Manes, 1995 and 2007. . . . . . 46
3.8 Share of Overlapping Commodities, 1995, 2000, and 2007 . . . . . . . . . . . . 48
3.9 Share of Overlapping Trade Values, 1995, 2000, . . . . . . . . . . . . . 48
3.10 Imports of Electronic Components by China from East Asian
Countries, 1995–2007. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61
3.11 Imports of Electronic Components by China from East Asian
Countries, Excluding Japan and Korea, 1995–2007 . . . . . . . . . . . . . . . . . . . 62
3.12 Imports of Ele