ABSTRACT
In May of 1999, as Alvin Toffler reaffirmed his qualified support for Multimedia Super Corridor (MSC), Malaysia issued one billion US dollar global bond. This bond was designed to demonstrate international financial support for the Malaysian government as money would go directly into public coffers. As a result, the bond issue was a tremendous success with three hundred per cent over-subscription. Investor confidence in Malaysia was affirmed and the bond issue 'indicated successful return of Malaysia to the world capital market'. In this global bond issue, private investors threw their support behind the Malaysian government, literally investing in it. Malaysia's success in pulling out of East Asian currency crisis, while it did not depend upon assistance from the International Monetary Fund, was accomplished with support of transnational commercial interests. Furthermore, as many countries follow in Malaysia's footsteps in pursuing high tech national development plans, how public and private actors of emerging Silicon Empire handle human rights must be carefully studied.
