ABSTRACT
Malaysia is the most developed country covered in this study, both in the composition of its industrial output and in the level of its income. Its growth first became rapid in the 197Os, rising to about 8%. It fell back temporarily in the early 198Os, but by the end of the decade was again growing by over 8% a year and this continued into the 1990s (although 1992 and 1993 were slower than the recent average, at about 8%). Its GDP per capita is about US$3,000. It is (and is very conscious of being) a small country by the standards of many of its Asian neighbours (18 million population), although not compared with many developing countries in other continents.
