"This volume develops an institutionalist analysis of Malaysia's post-colonial economy by exploring the political economy of development and particularly the interface between economics and law. The book shows that economic policy initiatives in Malaysia have often been accompanied by corresponding legislative and regulatory reforms intended to create an appropriate legal environment, and that major legislative innovations have occurred in response to economic problems or crises arising from earlier policies. The early chapters survey the colonial legal heritage as well as major postcolonial developments. After a brief survey of recent developments in the financial sector, the remaining chapters consider how institutional developments and the law have been shaped by and in turn shape economic development in Malaysia."--Jacket.