Flexibility between market-led and government-led economies
The 1997-98 East Asia financial crisis has raised doubts over the roles of two economic-systems: market-led and government-led economies. This paper deliberates on the two opposing economic systems: the choice of which are continually debated. There is a need for governments to look at economic fle...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2007
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| Online Access: | https://repo.uum.edu.my/id/eprint/138/1/Shri_Dewi.pdf |
| _version_ | 1825739622465929216 |
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| author | Subramaniam, Shri Dewi Kasipillai, Jeyapalan |
| author_facet | Subramaniam, Shri Dewi Kasipillai, Jeyapalan |
| author_sort | Subramaniam, Shri Dewi |
| collection | UUM |
| description | The 1997-98 East Asia financial crisis has raised doubts over the roles of two economic-systems: market-led and government-led economies. This paper deliberates on the two opposing economic systems: the choice of which are
continually debated. There is a need for governments to look at economic flexibility and determine whether the countries affected by the financial crisis could reposition themselves fast enough. More specifically, this paper evaluates the performance of government-led economies such as those in Malaysia,Singapore, Thailand, Philippines, and Indonesia when compared to marketled economies as practised in the United Kingdom, United States, and Japan.A compilation of an index method based on Angresano (1996) consisting of the quantitative performance measure for an identified country was computed over the average period 1980-2003. The findings of this study suggest that the approaches to a market-led or government-led economy is a matter of degree and are not mutually exclusive.
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| first_indexed | 2024-07-04T05:12:27Z |
| format | Article |
| id | uum-138 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:12:27Z |
| publishDate | 2007 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-1382010-07-05T03:33:32Z https://repo.uum.edu.my/id/eprint/138/ Flexibility between market-led and government-led economies Subramaniam, Shri Dewi Kasipillai, Jeyapalan HC Economic History and Conditions The 1997-98 East Asia financial crisis has raised doubts over the roles of two economic-systems: market-led and government-led economies. This paper deliberates on the two opposing economic systems: the choice of which are continually debated. There is a need for governments to look at economic flexibility and determine whether the countries affected by the financial crisis could reposition themselves fast enough. More specifically, this paper evaluates the performance of government-led economies such as those in Malaysia,Singapore, Thailand, Philippines, and Indonesia when compared to marketled economies as practised in the United Kingdom, United States, and Japan.A compilation of an index method based on Angresano (1996) consisting of the quantitative performance measure for an identified country was computed over the average period 1980-2003. The findings of this study suggest that the approaches to a market-led or government-led economy is a matter of degree and are not mutually exclusive. Universiti Utara Malaysia 2007 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/138/1/Shri_Dewi.pdf Subramaniam, Shri Dewi and Kasipillai, Jeyapalan (2007) Flexibility between market-led and government-led economies. International Journal of Management Studies (IJMS), 14 (2). pp. 35-48. ISSN 0127-8983 http://ijms.uum.edu.my |
| spellingShingle | HC Economic History and Conditions Subramaniam, Shri Dewi Kasipillai, Jeyapalan Flexibility between market-led and government-led economies |
| title | Flexibility between market-led and government-led economies |
| title_full | Flexibility between market-led and government-led economies |
| title_fullStr | Flexibility between market-led and government-led economies |
| title_full_unstemmed | Flexibility between market-led and government-led economies |
| title_short | Flexibility between market-led and government-led economies |
| title_sort | flexibility between market led and government led economies |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/138/1/Shri_Dewi.pdf |
| work_keys_str_mv | AT subramaniamshridewi flexibilitybetweenmarketledandgovernmentledeconomies AT kasipillaijeyapalan flexibilitybetweenmarketledandgovernmentledeconomies |