By John Drabble
An monetary heritage of Malaysia, c.1800-1990 , presents the 1st normal historical past of the Malaysian financial system during the last centuries, together with a survey of the pre-colonial period. a different function is that it integrates the ancient reviews of Peninsular Malaysia, Sabah and Sarawak as a case research within the onset of recent fiscal development. specific recognition is paid to explaining Malaysia's sign good fortune achieve a comparatively delicate shift clear of the first commodity export financial system of the colonial interval to near-NIC prestige through 1990.
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Additional resources for An Economic History of Malaysia, c. 1800–1990: The Transition to Modern Economic Growth
The VOC attempted to meet this demand by establishing the forced cultivation of coffee and sugar in Java. But the main source of tea at this stage was China, and European (particularly British) efforts turned towards trying to open up trade with that country using as a means of purchase ﬁrst silver bullion and then, increasingly, opium. After about 1750 Batavia’s central importance as an entrepot waned as the ability of the VOC to dominate trade in the outer islands of the archipelago and the Melaka Straits decreased (the company ﬁnally went into liquidation in 1799).
Development would be through attraction of further investors in concessions for mining and agriculture. 1800–1920) The colonial states in their various forms were expected to be selfﬁnancing through taxation. , on domestic consumption of opium), licences and property taxes. In the Malay States (Federated and Unfederated) duties on exports and imports, land rents, posts, telegraphs, and railway receipts provided the main sources. In the Borneo territories revenue came from a similar range, though the potential of the local economy for taxation was more limited.
Intra-regional movements occurred between Java and Melaka in the ﬁfteenth century, west Sumatra (Minangkabau) and Negeri Sembilan from the seventeenth century, and Sulawesi (Bugis) to the west coast of the Peninsula in the eighteenth century. The main extra-regional sources of migrants were India and China. These ebbed and ﬂowed according to the political and economic conditions in their homelands. g. pepper cultivation). 3 below). 2 below). In the Peninsula these were principally in Perak, Kedah and Kelantan.
An Economic History of Malaysia, c. 1800–1990: The Transition to Modern Economic Growth by John Drabble