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Economic Development and Growth

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The elusive quest for high income status—Malaysia and Thailand in the post-crisis years

Kunal Sen · Matthew Tyce ·Structural Change and Economic Dynamics ·2019

Both Malaysia and Thailand were seen to be part of the miracle growth economies of East Asia and fast moving into high income status in the early 1990s. Following the Asian Financial Crisis (AFC) of the mid 1990s, both countries have observ...

Malaysia Middle-income trap Political settlement State-business relations Asian Financial Crisis Growth slowdown Thailand

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