Endnotes
1For an analysis of the extent and implications of Malaysia’s openness, see Menon (2000).
2The Federation of Malaya comprised the 11 states in the Malay Peninsula. Sabah, Sarawak and
Singapore joined Malaya to form Malaysia on 16 September 1963. Singapore left the federation in
August 1965.
3In 1957-58, 34.9% of households had incomes of less than RM120 per month (the official cut-off
point for measuring poverty). More than half of these households were Malay, and more than twothirds
were rural (Snodgrass, 1980).
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The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
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