By John Drabble
An financial historical past of Malaysia, c.1800-1990 , presents the 1st common historical past of the Malaysian economic climate over the last centuries, together with a survey of the pre-colonial period. a distinct function is that it integrates the historic studies of Peninsular Malaysia, Sabah and Sarawak as a case research within the onset of contemporary fiscal progress. specific awareness is paid to explaining Malaysia's sign good fortune achieve a comparatively gentle shift clear of the first commodity export economic system of the colonial interval to near-NIC prestige by means of 1990.
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Extra info for An Economic History of Malaysia, c. 1800–1990: The Transition to Modern Economic Growth
Some of these came from outside the region, for instance pottery from southern China and cotton textiles from eastern India, but a range of products, notably metalwares (gold, silver, tin, brass, iron), came from the local port-cities where craftsmen were concentrated. Shipbuilding also was carried on. The Malaysian region did not have many such centres in the period under review. In the Peninsula, Melaka in the ﬁfteenth century and Kuala Terengganu in the eighteenth were the main ones, together with Brunei in northwestern Borneo.
During the ﬁfteenth century the main stimulus to international trade came from the market in China where population was recovering after the depredations of the Yuan (Mongol) dynasty. The main demand was for tin, pepper, spices and forest-products which prompted the increases in production described in the previous section. Merchants had to conduct dealings with middlemen who had contacts with producers located in the port hinterland, and in the interior of the Malay Peninsula, Sumatra and so on.
2, few communities in Southeast Asia were wholly self-sufﬁcient. Exchange through trade was thus an important activity from the earliest times, not just locally or regionally but internationally. By the early centuries of the ﬁrst millennium AD the trade routes extended to China, India and the Middle East through to the Mediterranean. The principal commodities involved were gold, tin, spices and forest-products. To facilitate exchange entrepot ports, or emporia, grew up at strategic points along these routes.
An Economic History of Malaysia, c. 1800–1990: The Transition to Modern Economic Growth by John Drabble