Restructuring the Malaysian Economy

ROBERT E. B. LUCAS is Professor of Economics at Boston University.DONALD VERRY is Lecturer in Economics at Imperial College, London.They were jointly Chief Technical Advisers on the Human Resources Development Plan prepared 1991-95 for the Economic Planning Unit of the Prime Minister's Office, Malaysia, as part of the Sixth Malaysian Plan. They have continued their study of the Malaysian economy extending this study through an International Labour Office and United Nations Development Programme project on which they did the research for this book.

• Foreword; Gus Edgren Introduction PART A: THE MALAYSIAN ECONOMY National Economic Trends A Profile of the Malaysian Labour Market The Malaysian Education and Training System PART B: STRUCTURAL CHANGE Agriculture and The Rural Sector Manufacturing Services The Public Sector PART C: STRATEGIES FOR MANAGING HUMAN RESOURCES AND THE ECONOMY The Short Run: The Rise and Decline of Unemployment The Medium Run: Costs and International Competitiveness The Long Run: Human Resource Development Summing Up Bibliography

'The book presents...for the first time a complete picture of the interaction of macroeconomic change, economic structure, income distribution, human resource development and employment...Lucas and Verry have produced a very broad, yet detailed study of the changes which the labour market is undergoing along Malaysia's road towards bedoming an industrialised country. It offers fascinating insights into the interrelationships of developement and poses questions which have a more general relevance even outside South East Asia.' - Gus Edgren, Director ILO-SAAT 'This is a most impressive study of Malaysia's experience. Lucas and Verry have brought their endeavours on behalf of the Malaysian Government to a much wider audience.' - Peter Maunder, The Times Higher Education Supplement