Catching the Wind: Penang in a Rising Asia
However impressive the economic success of Penang has been over the past four decades, structural conditions in the region call for a fundamental reconfiguration of this Malaysian state’s competitive advantage.In the 1970s, the ageing entrepôt transformed itself into a manufacturing hub for the elec...
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| Other Authors: | , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Singapore
ISEAS Publishing
[2013]
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| Subjects: | |
| Links: | https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 https://doi.org/10.1355/9789814414357 |
| Summary: | However impressive the economic success of Penang has been over the past four decades, structural conditions in the region call for a fundamental reconfiguration of this Malaysian state’s competitive advantage.In the 1970s, the ageing entrepôt transformed itself into a manufacturing hub for the electronics industry and a well-known tourist site. This outward-looking model of economic growth has underpinned Penang’s economic development up until the present. The question that now arises is whether Penang’s present mode of development will continue to be effective, or whether it will have to transform itself. First, Malaysia in general, and Penang in particular are caught in a middle-income trap. Second, while the evolving weight of the global economy is shifting towards Asia, many of its emerging powers are competing with Penang in areas where it formerly excelled. Third, Penang is a state within a federation, and its capital, George Town, is a secondary city. Neither can rival Kuala Lumpur in terms of size or facilities, and thus must offer investors other attributes. Effectively meeting these challenges while retaining Penang’s vibrant and living culture are the key issues that are dealt with in this second volume of the Penang Studies Series |
| Item Description: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 22. Jun 2018) |
| Physical Description: | 1 online resource |
| ISBN: | 9789814414357 |
| DOI: | 10.1355/9789814414357 |
Staff View
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| 520 | |a However impressive the economic success of Penang has been over the past four decades, structural conditions in the region call for a fundamental reconfiguration of this Malaysian state’s competitive advantage.In the 1970s, the ageing entrepôt transformed itself into a manufacturing hub for the electronics industry and a well-known tourist site. This outward-looking model of economic growth has underpinned Penang’s economic development up until the present. The question that now arises is whether Penang’s present mode of development will continue to be effective, or whether it will have to transform itself. First, Malaysia in general, and Penang in particular are caught in a middle-income trap. Second, while the evolving weight of the global economy is shifting towards Asia, many of its emerging powers are competing with Penang in areas where it formerly excelled. Third, Penang is a state within a federation, and its capital, George Town, is a secondary city. Neither can rival Kuala Lumpur in terms of size or facilities, and thus must offer investors other attributes. Effectively meeting these challenges while retaining Penang’s vibrant and living culture are the key issues that are dealt with in this second volume of the Penang Studies Series | ||
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Record in the Search Index
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| dewey-hundreds | 900 - History & geography |
| dewey-ones | 959 - Southeast Asia |
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| dewey-tens | 950 - History of Asia |
| discipline | Geschichte |
| doi_str_mv | 10.1355/9789814414357 |
| format | Electronic eBook |
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| spelling | Catching the Wind Penang in a Rising Asia Francis E. Hutchinson, Johan Saravanamuttu Singapore ISEAS Publishing [2013] © 2013 1 online resource txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 22. Jun 2018) However impressive the economic success of Penang has been over the past four decades, structural conditions in the region call for a fundamental reconfiguration of this Malaysian state’s competitive advantage.In the 1970s, the ageing entrepôt transformed itself into a manufacturing hub for the electronics industry and a well-known tourist site. This outward-looking model of economic growth has underpinned Penang’s economic development up until the present. The question that now arises is whether Penang’s present mode of development will continue to be effective, or whether it will have to transform itself. First, Malaysia in general, and Penang in particular are caught in a middle-income trap. Second, while the evolving weight of the global economy is shifting towards Asia, many of its emerging powers are competing with Penang in areas where it formerly excelled. Third, Penang is a state within a federation, and its capital, George Town, is a secondary city. Neither can rival Kuala Lumpur in terms of size or facilities, and thus must offer investors other attributes. Effectively meeting these challenges while retaining Penang’s vibrant and living culture are the key issues that are dealt with in this second volume of the Penang Studies Series In English World Heritage areas Malaysia Pulau Pinang (State) E. Hutchinson, Francis edt Saravanamuttu, Johan edt https://doi.org/10.1355/9789814414357 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Catching the Wind Penang in a Rising Asia World Heritage areas Malaysia Pulau Pinang (State) |
| title | Catching the Wind Penang in a Rising Asia |
| title_auth | Catching the Wind Penang in a Rising Asia |
| title_exact_search | Catching the Wind Penang in a Rising Asia |
| title_full | Catching the Wind Penang in a Rising Asia Francis E. Hutchinson, Johan Saravanamuttu |
| title_fullStr | Catching the Wind Penang in a Rising Asia Francis E. Hutchinson, Johan Saravanamuttu |
| title_full_unstemmed | Catching the Wind Penang in a Rising Asia Francis E. Hutchinson, Johan Saravanamuttu |
| title_short | Catching the Wind |
| title_sort | catching the wind penang in a rising asia |
| title_sub | Penang in a Rising Asia |
| topic | World Heritage areas Malaysia Pulau Pinang (State) |
| topic_facet | World Heritage areas Malaysia Pulau Pinang (State) |
| url | https://doi.org/10.1355/9789814414357 |
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