Financialisation and the Malaysian political economy
Rethel, Lena. (2010) Financialisation and the Malaysian political economy. Globalizations, Vol.7 (No.4). pp. 489-506. ISSN 1474-7731Full text not available from this repository.
Official URL: http://dx.doi.org/10.1080/14747731003798476
This paper argues that taking a short-term look at Malaysia's response to the financial crisis of 1997–1998 does not adequately assess the socio-economic transformation that was propagated by the crisis. Most importantly, it falls short of accounting for the shift from a bank-based to a capital market-based financial system that occurred in post-crisis Malaysia and the ensuing increasing financialisation of Malaysian capitalism. This shift has significantly affected both corporate and individual financial cultures and led to the emergence of a new politics of debt. It coincides with rising levels of household indebtedness. Moreover, it has set in motion a metamorphosis of the institutions set up to govern Malaysian capitalism.
|Item Type:||Journal Article|
|Subjects:||J Political Science > JC Political theory
J Political Science > JQ Political institutions (Asia, Africa, Australia, Pacific Area, etc.)
J Political Science > JZ International relations
|Divisions:||Faculty of Social Sciences > Politics and International Studies|
|Journal or Publication Title:||Globalizations|
|Number of Pages:||18|
|Page Range:||pp. 489-506|
|Access rights to Published version:||Restricted or Subscription Access|
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