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Malaysia’s Place in the Global Economy 14
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1 Government of Malaysia, Ministry of Foreign Affairs. (2021, 14 Pavcnik, N. (2017). The Impact of Trade on Inequality in
December). Launching Ceremony Of Foreign Policy Developing Countries. NBER Working Paper No. w23878.
Framework. Retrieved from: https://www.kln.gov- https://ssrn.com/abstract=3046391
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eign-policy-framework-7-december-2021 15 Jackson, S. (2015). Growth and development: Why
openness to trade is necessary but
2 Government of Malaysia, Ministry of International Trade not sufficient. Brookings Institution.
and Industry. (2022, January). Ratification Of The https://www.brookings.edu/blog/future-development/201
Regional Comprehensive Economic Partnership 5/11/23/growth-and-development-why-openness-to-trad
(Rcep) Agreement. Retrieved from: e-is-necessary-but-not-sufficient/
https://www.miti.gov.my/miti/resources/Media%20Releas
e/MEDIA_RELEASE_RATIFICATION_OF_THE_REGIONAL_COM 16 Narula, R., & Marin, A. (2005). FDI spillovers, absorptive
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NT_FINAL_21_JANUARY_2022.pdf Argentina. ILO Working Paper No. 96.
https://www.ilo.org/empent/Publications/WCMS_101045/l
3 Arshad, L. (2022, May 26). Malaysia confident IPEF will ang--en/index.htm
strengthen Indo-Pacific economic cooperation, says PM.
The Edge Markets. Retrieved from: https://www.theedge- 17 Studwell, J. (2014). How Asia works: Success and failure in
markets.com/articl e/malaysia-confident-i the world's most dynamic region.
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4 Ibid. OECD Investment Committee. https://www.oecd.org/in-
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5 Estevadeordal, A. & Taylor, A. M. (2013, December). Is the
Washington Consensus Dead? Growth, Openness, and the
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ics and Statistics, MIT Press, vol. 95(5), pages 1669-1690.
6 Alcalá, F., & Ciccone, A. (2004). Trade and Productivity. The
Quarterly Journal of Economics, 119(2), 613–646. http://w-
ww.jstor.org/stable/25098695
7 Mitra, D. (2019, January). Responses To Trade Opening:
Evidence and Lessons from Asia. ADBI Working Paper
Series. ADB Institute. https://www.adb.org/sites/default/-
files/publication/479926/adbi-wp913.pdf
8 Artuc, E., Porto, G., & Rijkers, B. (2020). Inequality and
trade: Simulation evidence for 54 developing nations.
VoxEU.https://voxeu.org/article/inequality-and-trade-sim
ulation-evidence-54-developing-nations
9 Lien, N. T. K. (2021). The Effect of Trade Openness on
Foreign Direct Investment in Vietnam. The Journal of Asian
Finance, Economics and Business, 8(3), 111–118. https://-
doi.org/10.13106/JAFEB.2021.VOL8.NO3.0111
10 Almeida, R. and Fernandes, A. M. Openness and Technolog-
ical Innovations in Developing Countries: Evidence from
Firm-Level Surveys. Journal of Development Studies, Vol.
44, Issue 5, 2008. https://ssrn.com/abstract=1368236
11 Cai, J., Li, N., and Santacreu, A. M. (2022). Knowledge
Diffusion, Trade, and Innovation across Countries and
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12 Cheng, C., & Mohamad, J. (2022, February). Strengthening
Digital Trade and Digitalisation in Malaysia. ISIS Malaysia.
Retrievedfrom:https://www.isis.org.my/wp-content/uploa
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13 Studwell, J. (2014). How Asia works: Success and failure in
the world's most dynamic region.