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Economic Reforms in the Aftermath of Regime Change in Malaysia

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  • Cassey Lee

Abstract

The 14th general election in May 2018 brought about an unexpected change in political rule in Malaysia for the first time since the country's independence in 1957. In its first year of rule, the new Pakatan Harapan‐led government implemented several populist economic policies that were drawn from its election manifesto. While these policies may have moderated populist politics to some extent, they have also weakened the government's fiscal capacity. Ethnic fragmentation and a strengthened opposition alliance have also made it difficult for the new government to implement its ambitious institutional reform agenda.

Suggested Citation

  • Cassey Lee, 2020. "Economic Reforms in the Aftermath of Regime Change in Malaysia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(2), pages 239-257, July.
    • Handle: RePEc:bla:asiapr:v:15:y:2020:i:2:p:239-257
    DOI: 10.1111/aepr.12295
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    References listed on IDEAS

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    1. Andrews,Matt, 2013. "The Limits of Institutional Reform in Development," Cambridge Books, Cambridge University Press, number 9781107016330, January.
    2. Reuter, Ora John & Gandhi, Jennifer, 2011. "Economic Performance and Elite Defection from Hegemonic Parties," British Journal of Political Science, Cambridge University Press, vol. 41(1), pages 83-110, January.
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    Cited by:

    1. M. Chatib Basri & Hal Hill, 2020. "The Southeast Asian Economies in the Age of Discontent," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(2), pages 185-209, July.
    2. Hal Hill & Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Shujiro Urata, 2020. "Economic Reform in ASEAN: Editors' Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(2), pages 165-184, July.
    3. Satoru Kumagai, 2020. "Comments on “Economic Reforms in the Aftermath of Regime Change in Malaysia”," Asian Economic Policy Review, Japan Center for Economic Research, vol. 15(2), pages 260-261, July.

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