Information about Asia and the Pacific Asia y el Pacífico
Front Matter

Front Matter

Author(s):
Ungku Abdul Aziz
Published Date:
March 1990
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Information about Asia and the Pacific Asia y el Pacífico
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STRATEGIES FOR STRUCTURAL ADJUSTMENT

The Experience of Southeast Asia

Moderator

Ungku A. Aziz

Papers presented at a seminar held in Kuala Lumpur, Malaysia, June 28-July 1, 1989

INTERNATIONAL MONETARY FUND

BANK NEGARA MALAYSIA

Washington • 1990

© 1990 International Monetary Fund

Cover design by IMF Graphics Section

Library of Congress Cataloging-in-Publication Data

Strategies for structural adjustment : the experience of Southeast Asia papers presented at a seminar held in Kuala Lumpur, Malaysia, June 28–July 1, 1989 / moderator, Ungku A. Aziz.

p. cm.

Includes bibliographical references.

ISBN 1-55775-147-1

1. Asia, Southeastern—Economic policy—Congresses. 2. Economic stabilization—Asia, Southeastern—Congresses. I. Abdul Aziz, Ungku, 1922- . II. International Monetary Fund. III. Bank Negara Malaysia. IV. Title: Experience of Southeast Asia.

HC441.S76 1990

338.959—dc20 90-5296

CIP

Price: US$16.50

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Cable: Interfund

Foreword

Southeast Asia’s rising prominence in the world economy raises many questions regarding the economic policies followed by individual countries of the area. The Fund is pleased to have been a cosponsor with the Bank Negara Malaysia of a seminar that addressed such questions.

The seminar, held in Kuala Lumpur, Malaysia, on June 28–July 1, 1989, provided a forum for a dynamic exchange of ideas based on papers presented by Fund officials, officials from nongovernmental organizations, and academicians. Royal Professor Ungku A. Aziz moderated the seminar and deftly balanced the proceedings so all who wished to had the opportunity to express their view.

The individual successes of such a politically and economically diverse group of countries provided many insights into structural adjustment and proved, once again, that economic policies followed by one country will not necessarily work for another.

Michel Camdessus

Managing Director

International Monetary Fund

Acknowledgement

The far-sighted wisdom of the International Monetary Fund in planning and organizing a series of seminars on themes related to structural adjustment sowed the seed for this report. The willingness of Bank Negara Malaysia to participate in its realization ensured a rich exchange of ideas.

This seems to be the appropriate place for me to record the gratitude of all the participants to these two institutions for providing the ingredients that made possible whatever results this seminar has achieved. In carrying out my tasks I have benefited from the excellent cooperation and courteous responses that made the work of the moderator feel much lighter than it really was. Personally, I am indebted to Azizali F. Mohammed from the Fund for his encouragement and guidance at every stage.

The seminar was ably coordinated by Graham Newman of the Fund and Jaafar Ahmad and Md. Khir Abdul Rahman of Bank Negara Malaysia. Juanita Roushdy of the Fund put the manuscript into published form. My secretary, Violet Fernando, bore the brunt of scripting the taped records and the preparation of several versions of the final text. Without her patient perseverance, it would have been difficult to meet deadlines.

For all that I have learned I am grateful.

Ungku A. Aziz

Moderator

Contents

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The term “country,” as used in this book, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.

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