WTO and Regionalism

Opportunities and Challenges for Malaysian Industries

Siew Yean Tham, Loke Wai Heng

Research output: Contribution to journalReview article

1 Citation (Scopus)

Abstract

The conclusion of the Uruguay Round (UR) in 1994 and the subsequent establishment of the World Trade Organisation (WTO) in January 995 signaled a new era in terms of global trade. At the same time the prolonged years of negotiations of the UR also witnessed an increase in the expansion and extension of various regional arrangements. Consequently, the global environment has shifted toward institution-driven globalisation and regionalism concurrently. The new international horizon promises significant opportunities and challenges for Malaysian industries. The objective of this paper is to assess the ability of Malaysian manufacturing to face these opportunities and challenges by evaluating their competitiveness. The findings of this study reveal only three sub-sectors that are competitive even before the advent of the financial crisis. Further, the crisis has worsened the competitive position of the manufacturing sector. Hence, it is imperative that current government policies work toward restoring macro-economic and political stability. At the same time, the medium- and long-term needs of this sector call for a shift in industrial policy from mere export promotion to technology and human resource promotion.

Original languageEnglish
Pages (from-to)40-53
Number of pages14
JournalHumanomics
Volume17
Issue number1
DOIs
Publication statusPublished - 1 Jan 2001

Fingerprint

World Trade Organization
Regionalism
Uruguay Round
Industry
Uruguay
Manufacturing
Industrial policy
Macroeconomic stability
Global trade
Global environment
Financial crisis
Globalization
Export promotion
Political stability
Manufacturing sector
Government policy
Competitiveness
Human resources
Global Trade
Human Resources

ASJC Scopus subject areas

  • Philosophy
  • Economics and Econometrics

Cite this

WTO and Regionalism : Opportunities and Challenges for Malaysian Industries. / Tham, Siew Yean; Wai Heng, Loke.

In: Humanomics, Vol. 17, No. 1, 01.01.2001, p. 40-53.

Research output: Contribution to journalReview article

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