Purpose – This paper aims to discuss aspects of successful and unsuccessful development experiences in southeast and southwest corners of Asia. Design/methodology/approach – It provides historical background to practices, strategies and policies adopted by policymakers in both of these...

For the period between 1957 and 1997, Malaysia’s development is analysed to determine the roles of inputs, planning, trade and government intervention in economic activity. Foreign investment is also analysed. During this period, by international standards, growth that Malaysia experienced was...

To maximize society's welfare, economists should be concerned with the efficient use of the stock of natural resources. The stock of natural resources is a gift of nature. The usefulness of this stock comes from its alternative uses, e.g. existence, exploitation and bequest. Therefore, the...