GROWTH AND INCOME-DISTRIBUTION IN MALAYSIA

Addressing the continuing debate on the interdependence of growth and equality and the State's role in promoting or retarding growth, the au thors consider the phenomenal economic growth and narrowing of income differentials achieved in Malaysia since 1970. They focus on the New E conomic Policy, which sought to reduce inequality and eliminate the id entification of race with economic function and geographical location. The mechanisms behind these successes are examined: stabilization pol icies and macroeconomic management, the broad strategy pursued at diff erent phases, sectoral performance, and specific policies, especially on education and training. Finally, some general lessons are drawn.