Has Malaysia really escaped the resource curse? A closer look at the political economy of oil revenue management and expenditures

摘要: Abstract Malaysia has been widely cited as belonging to a group of developing countries which escaped the resource curse. No doubt its inclusion in this based on impressive growth record prior Asian financial crisis, and achievements poverty alleviation economic diversification. Since crisis however, rates have slowed, economy experienced premature deindustrialisation oil gas revenues become major source financing budget, casting doubts whether fact untouched by The paper concludes examining policy implications findings.