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From Malaysia Boleh to Malaysia Bodoh?

In: Asia Future Shock

Author

Listed:
  • Michael Backman

Abstract

Malaysia is in trouble. It shouldn’t be. Few countries arrived at independence with so much going for them in terms of factor endowments — ample water supply, a strategic location on international shipping lanes, huge timber reserves, big reserves of tin, oil and gas, the prospects of growing tropical oils such as palm oil, and a legal system based on English tort law. And in many respects Malaysia has done well. But it could have done so much better. Instead of being successful, too often Malaysia has tried to buy the ornaments of success — the world’s tallest building, an unnecessarily large international airport, and so on. But in 2025, the one commodity that has paid for much of this — oil — is due to run out. By then, Malaysia’s population will have risen by more than 50% from the current level of 23 million to more than 35 million. As it is, Malaysia will become a net oil importer in 2010 if current consumption trends continue.1

Suggested Citation

  • Michael Backman, 2008. "From Malaysia Boleh to Malaysia Bodoh?," Palgrave Macmillan Books, in: Asia Future Shock, chapter 19, pages 132-139, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59242-1_19
    DOI: 10.1057/9780230592421_19
    as

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