IMPACT AND RESPONSES
A Joint Report by the Institute of Strategic and International Studies (ISIS) Malaysia and the Faculty of Economics and Administration, Universiti Malaya (UM). Commissioned by the United Nations Development Programme (UNDP).
Written by: Dato’ Dr. Mahani Zainal Abidin, ISIS Malaysia and Professor Dr. Rajah Rasiah, UM.
Executive Summary: As with most of the East and Southeast Asian economies, the impact of the global economic and financial crisis on Malaysia has been felt largely through a contraction in aggregate demand caused by a collapse in exports, either directly or indirectly, to the United States.