Globalization Peraks Rise Relative Decline And Regeneration

Written by Sultan Nazrin Shah - the author of the highly acclaimed works Charting the Economy and Striving for Inclusive Development - this book is a pioneering study of the many economic and social changes in the natural resource-rich Malaysian state of Perak over the last two centuries. When globalization first took hold and international trade networks broadened and deepened in the first half of the 19th century, and a new capitalist world order emerged in the second, Perak was a key player. Its tin was in high demand in Western industrializing countries and foreign capital, labour, and technology propelled it forward. By 1900, Perak accounted for almost half of Malaya's tin output and a staggering quarter of world output, with its prosperity making it the Malay peninsula's commercial hub. Likewise, during the global rubber boom that began in the early 20th century as cars were mass produced for the first time, Perak was the largest rubber-producing state in the peninsula. This book brings together a range of key sub-themes - economic geography, the institutional legacy of colonialism, increasing federal government centralization, forces of economic agglomeration, and human migration - which drove Perak's fortunes in sometimes dramatic economic cycles and ultimately led to the collapse of its tin and rubber industries and the migration of many of its young and skilled. The book concludes by looking forward, analysing Perak's characteristics, and extrapolating lessons from formerly wealthy industrial centres originally blessed with natural resources but subsequently left behind by new waves of globalization, such as Cornwall and Sheffield in the United Kingdom, and Pittsburgh and Scranton in the United States. With a new vision Perak can regenerate itself and once again emerge triumphant against a tough global background-Covid-19, war, and deglobalization.

Written by Sultan Nazrin Shah - the author of the highly acclaimed works Charting the Economy and Striving for Inclusive Development - this book is a pioneering study of the many economic and social changes in the natural resource-rich Malaysian state of Perak over the last two centuries. When globalization first took hold and international trade networks broadened and deepened in the first half of the 19th century, and a new capitalist world order emerged in the second, Perak was a key player. Its tin was in high demand in Western industrializing countries and foreign capital, labour, and technology propelled it forward. By 1900, Perak accounted for almost half of Malaya's tin output and a staggering quarter of world output, with its prosperity making it the Malay peninsula's commercial hub. Likewise, during the global rubber boom that began in the early 20th century as cars were mass produced for the first time, Perak was the largest rubber-producing state in the peninsula. This book brings together a range of key sub-themes - economic geography, the institutional legacy of colonialism, increasing federal government centralization, forces of economic agglomeration, and human migration - which drove Perak's fortunes in sometimes dramatic economic cycles and ultimately led to the collapse of its tin and rubber industries and the migration of many of its young and skilled. The book concludes by looking forward, analysing Perak's characteristics, and extrapolating lessons from formerly wealthy industrial centres originally blessed with natural resources but subsequently left behind by new waves of globalization, such as Cornwall and Sheffield in the United Kingdom, and Pittsburgh and Scranton in the United States. With a new vision Perak can regenerate itself and once again emerge triumphant against a tough global background-Covid-19, war, and deglobalization.

Charting the Economy assesses the course of Malayas commodity-dependent economy during the first 40 years of the 20th century under British colonial control, contrasting it with economic growth and development in contemporary Malaysia. Drawing on archival documents to derive estimates of Malayas GDP and analysing trends, it breaks new ground in understanding the dynamics of economic performance. In the first half of the 20th century, the Malay Peninsula, like much of Southeast Asia, was under colonial rule. Colonialism facilitated the control of lands, institutions and peoples, as well as the exploitation of natural resources. Malayas economy was largely agrarian, supported by two primary commodity pillarstin and rubberproduced to meet the needs of the industries and people in Europe and North America. Sultan Nazrin Shah eloquently articulates how the economy rode a commodity roller-coaster. Being small and open, it was exceedingly vulnerable to external cyclical shocksWorld War I (19141918), the Roaring Twenties (19201929), and the Great Depression (19291932)which were the main causes of economic booms and busts. This book makes a compelling case that the colonial laissez-faire economic system worked well for the agency houses that repatriated huge profits but paid small dividends to the masses. Development was highly uneven, with growth and prosperity concentrated in and benefiting the Peninsulas west coast states, where most of the tin mines and rubber plantations were located. After independence, national control over economic management was accompanied by a long-term vision for a socially just nation. Real GDP growth in post-independence Malaysia brought rapid advances in standards of living.

By the author of the highly acclaimed Charting the Economy, this book is the most comprehensive study yet of Malaysia's impressive economic and social transformation over the past 150 years. Drawing on primary data sources, archival documents and cutting-edge national and international research, Sultan Nazrin Shah traces in detail Malaysia's fascinating journey, starting from the signing of the seminal Pangkor Treaty in 1874, through British occupation to the present. The author unearths the true roots of Malaysia's economic and social development-its people, their human capital and well-being, as well as economic structures-including how the British established institutions for the expansion of the lucrative tin and rubber trade, and how they encouraged labour immigration to support their economic ambitions. The outbreak of World War II and the Japanese occupation forced the British to rethink their strategy for Malaya, which experienced a sequence of turbulent events through to the formation of Malaysia in 1963. The 1960s saw solid economic growth, but it failed to benefit the bulk of the population, helping to trigger ethnic clashes. One response by the government was the start of redistributive policies and aggressive affirmative action, with the launch of the New Economic Policy in 1971. Almost 50 years later, sustained rapid economic growth and a modernizing economy have led to fast-rising incomes, the ending of extreme poverty and the emergence of a sizeable middle class, despite setbacks during financial and economic crises. Striving for Inclusive Development makes it clear that the country still faces huge and complex challenges. Building on its analysis of the past, this landmark book concludes with a forward-looking assessment of these challenges, and sets out Sultan Nazrin Shah's vision for an inclusive and sustainable future.

A kimono-clad Tamil woman greets Japanese soldiers at the door while her Anglophile husband cowers in his Jaguar. Two sisters share a husband when one fails to produce a child for the longest time. An American diplomat's urgent inquires about the Malaysian treasury’s facilities are hilariously misunderstood. A daring civil servant proposes to a Ceylonese lady in his hometown mere minutes after meeting her, breaking a thousand years of marriage protocol. M. Shanmughalingam's debut collection paints, with gentle wit and humour, the concerns and intrigues of the Jaffna Tamil community in Malaya. At turns satirical, empathetic and insightful, these fifteen stories explore what happens when we hold on to—and choose to leave behind—our traditions and identities in a changing world.

This book presents a comprehensive overview and analysis of mangrove ecological processes, structure, and function at the local, biogeographic, and global scales and how these properties interact to provide key ecosystem services to society. The analysis is based on an international collaborative effort that focuses on regions and countries holding the largest mangrove resources and encompasses the major biogeographic and socio-economic settings of mangrove distribution. Given the economic and ecological importance of mangrove wetlands at the global scale, the chapters aim to integrate ecological and socio-economic perspectives on mangrove function and management using a system-level hierarchical analysis framework. The book explores the nexus between mangrove ecology and the capacity for ecosystem services, with an emphasis on thresholds, multiple stressors, and local conditions that determine this capacity. The interdisciplinary approach and illustrative study cases included in the book will provide valuable resources in data, information, and knowledge about the current status of one of the most productive coastal ecosystem in the world.

Unprecedented urban growth makes sustainability in cities a crucial issue for policy makers, scholars and business leaders. This emerging urban crisis challenges environment-based and economic-based approaches to sustainability, and highlights the complex and critical role that culture plays in ensuring that cities are viable for future generations. This publication assesses the use of cultural indicators as a tool for policymakers, drawing on case studies of Patan (Nepal), Penang (Malaysia), Cheongju (South Korea), and Kanazawa (Japan), and offers fresh insights into the role of culture in fostering community development, environmental awareness and balanced economic growth.

The WEB of Transport Corridors in South Asia develops a holistic appraisal methodology to ensure that economic benefits of investments in transport corridors are amplified and more widely spread, and possible negative impacts such as congestion, environmental degradation, and other unintended consequences are minimized. It focuses on South Asia—not only as one of the world’s most populous and poorest regions—but as a hinge between East Asia, Central Asia, the Middle East, and Europe. The book is aimed at politicians, technocrats, civil society organizations, and businesses. It presents case studies of past and recent corridor initiatives, provides rigorous analysis of the literature on the spatial impact of corridors, and offers assessments of corridor investment projects supported by international development organizations. A series of spotlights examines such issues as private sector co-investment; the impacts of corridors on small enterprises and women; and issues with implementing cross-border corridors. The 'WEB' in the title stands for both the wider economic benefits (WEB) that transport corridors are expected to generate and the complex web of transport corridors that has been proposed. The appraisal methodology introduced in this book shows how the web of interconnected elements around corridors can be disentangled and the most promising corridor proposals—the ones with the greatest wider economic benefits—can be selected.

Europe's place in history is re-assessed in this first comprehensive history of the ancient world, centering on the Indian Ocean and its role in pre-modern globalization. Philippe Beaujard presents an ambitious and comprehensive global history of the Indian Ocean world, from the earliest state formations to 1500 CE. Supported by a wealth of empirical data, full color maps, plates, and figures, he shows how Asia and Africa dominated the economic and cultural landscape and the flow of ideas in the pre-modern world. This led to a trans-regional division of labor and an Afro-Eurasian world economy. Beaujard questions the origins of capitalism and hints at how this world-system may evolve in the future. The result is a reorienting of world history, taking the Indian Ocean, rather than Europe, as the point of departure. Volume I provides in-depth coverage of the period from the fourth millennium BCE to the sixth century CE.