Abstract
The case studies of China’s investments in Malaysia indicate a re-conception of capitalist relations, with the presence of two highly interventionist states that deploy their leading business-based institutions as well as transnational-based public policies, such as the BRI, to achieve their goals. The inter-related themes of governance, finance, and economic and enterprise development loom large in the newly-forged SBRs that are re-shaping investment flows across borders and in new economic sectors. However, a well-constructed institutional architecture is not in place to shape investment flows through a well-defined and appropriate institutional setting to ensure effective industrial development based on well-outlined policies.
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Notes
- 1.
The repercussions of mega infrastructure projects on the environment were stressed by opposition parties during Malaysia’s general election in 2018, a factor that contributed to the fall of the long-ruling Barisan Nasional (see Gomez and Mohamed Nawab 2020).
- 2.
This contention is based on research undertaken in Indonesia and the Philippines. For the case of the Philippines, an article has been prepared, tentatively entitled ‘Strongmen Politics and Investment Flows: China’s Investments in the Philippines and Malaysia’.
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Gomez, E.T., Tham, S.Y., Li, R., Cheong, K.C. (2020). Conclusion. In: China in Malaysia. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-15-5333-2_5
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DOI: https://doi.org/10.1007/978-981-15-5333-2_5
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Publisher Name: Palgrave Macmillan, Singapore
Print ISBN: 978-981-15-5332-5
Online ISBN: 978-981-15-5333-2
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