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Rooted in the free market ideology, see the market self correcting mistakes and the most effective from the influence of government intervention, their opinions. Financial liberalization measures, and in the stable exchange rate, open capital account, and high rate, to attract investment bank of policy system. A deeper level of trade liberalization, prudent fiscal policy and microeconomic reform proposal, the western in the economic growth of developing countries as the foundation policy prescriptions came to be known as the "Washington consensus" collectively. Only in its implementation, in developing countries involved in crisis at some of the elements of the Washington consensus.

In Malaysia, this system is to realize the potential fluctuation of 1995 when the United States and Japan's decision makers agree, start the dollar control appreciation-Malaysian ringgit (MR) hook relative yen. The initiative of the members of the indirect effects, and then to Malaysia's economy destructive spillover effects, including in the export competitiveness drop, current-account deficit widened, and more and more unstable exchange rate system show your appreciation.

In trying to understand the Asian financial crisis in 1997 the root, the key is to pay attention to, securities investment capital inflows of scale from 1985 to 1997 in the region is without precedent. President Ronald Reagan in the 1980 s in the U.S. and British prime minister thatcher east gradually, deregulation and liberalization, privatization, and the overall small government as its economic policy spell, in domestic and abroad. Although the "Washington consensus" reform of deep effect, in the United States and Britain, this is the newly named "emerging market" in the developing world revolution. In southeast Asia of goods and services of the international trade has been established for decades, but bank loans and securities investment the free flow of capital is a large, to try out the experiment. One school of thought to promote capital account liberalization early, and to promote the financial crisis blamed on the Treasury, the world bank group and the international monetary fund's top decision makers. In fact, in the Asian crisis of the state itself key financiers financial collapse lays the foundation, through the gluttonous foreign loans and the local investment impulse.

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Real estate and stock reaction into money and not bank influx of foreign, in the 1980 s and early 90 s, Malaysia's bankers and investors to Malaysia, eventually leading to asset price bubbles and over expansion of the stock market. This is just a question of time before investors realize a untenable exchange rate and asset markets. Malaysia economic collapse, then began large-scale capital withdraw, development to a forced currencies and financial crisis, and to the end of serious unemployment and serious economic recession to economic entity (goods and services) crisis. Considering the 1997 Asian financial crisis in the real economy, Malaysia damaging effects, it is important to ask why the crisis and how to/if such events, can avoid in the future. This paper tries to answer these questions in two levels of political economics research method of contemporary economic development in Malaysia. Through the separation from the international level of the domestic level, the effects of the political economy of Malaysia trade and financial liberalization influence is more clearl本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。