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Trade-related Investment Liberalization under the WTO: The Malaysian Experience

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  • Rajah Rasiah

Abstract

Using the institutional and industrial policy perspectives on latecomer development this paper examines the commitments and potential impact of the Trade-related Investment Measures (TRIMs) and investment-related elements of the General Agreement on Trade in Services (GATS) for Malaysia's development policies. While noting that the application of TRIMs may very well remove a potentially draining industry from undermining consumer welfare, using the logic of public goods and location in the development trajectory the paper argues that the Malaysian experience supports the need for government control of the services sector.

Suggested Citation

  • Rajah Rasiah, 2005. "Trade-related Investment Liberalization under the WTO: The Malaysian Experience," Global Economic Review, Taylor & Francis Journals, vol. 34(4), pages 453-471.
    • Handle: RePEc:taf:glecrv:v:34:y:2005:i:4:p:453-471
    DOI: 10.1080/12265080500441487
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    References listed on IDEAS

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    1. List, Friedrich, 1885. "The National System of Political Economy," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number list1885.
    2. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    3. Chang, Ha-Joon, 2003. "Regulation of Foreign Investment in Historical Perspective," UNU-INTECH Discussion Paper Series 2003-12, United Nations University - INTECH.
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    Cited by:

    1. Rajah Rasiah & Johannes Dragsbaek Schmidt, 2010. "Introduction," Chapters, in: Rajah Rasiah & Johannes Dragsbaek Schmidt (ed.), The New Political Economy of Southeast Asia, chapter 1, Edward Elgar Publishing.
    2. Mohamad Rosli & Fatimah Kari, 2008. "Malaysia's National Automotive Policy and the Performance of Proton's Foreign and Local Vendors," Asia Pacific Business Review, Taylor & Francis Journals, vol. 14(1), pages 103-118.
    3. Akyüz, Yılmaz., 2008. "Global rules and markets : constraints over policy autonomy in developing countries," ILO Working Papers 994204053402676, International Labour Organization.
    4. Yılmaz Akyüz, 2015. "Foreign Direct Investment, Investment Agreements, and Economic Development: Myths and Realities," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 4(1), pages 1-47, January.
    5. Yýlmaz Akyüz, "undated". "Global Rules and Markets: Constraints over Policy Autonomy in Developing Countries," Working Papers 2007/5, Turkish Economic Association.
    6. Rajah Rasiah, 2012. "Beyond the Multi-Fibre Agreement: How are Workers in East Asia Faring?," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 4(3), pages 1-20, October.
    7. repec:ilo:ilowps:420405 is not listed on IDEAS

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    Keywords

    TRIMs; GATS; WTO; Malaysia;
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