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Articles 1 - 11 of 11
Full-Text Articles in Policy History, Theory, and Methods
Lessons Learned: Zeti Akhtar Aziz, Maryann Haggerty
Lessons Learned: Zeti Akhtar Aziz, Maryann Haggerty
Journal of Financial Crises
Zeti Akhtar Aziz, a Malaysian economist, was governor of Bank Negara Malaysia, her nation’s central bank, from 2000 to 2016; prior to that, she was acting governor and deputy governor. Dr. Zeti was a key leader in Malaysia’s response to the Asian financial crisis of 1997¬-98, as well as the financial sector restructuring that followed. This “Lessons Learned” summary is based on a 2022 interview with Dr. Zeti. At the time of the interview, she was co-chair of the board of governors of the Asia School of Business in Kuala Lumpur, which is a partnership between Bank Negara and the …
Malaysia: Government Deposit Guarantee, Ezekiel Vergara
Malaysia: Government Deposit Guarantee, Ezekiel Vergara
Journal of Financial Crises
On October 16, 2008, following the collapse of Lehman Brothers and regional expansions of deposit insurance, Malaysia announced its Government Deposit Guarantee (GDG), an unlimited guarantee of deposits held at eligible institutions. Given the “soundness and strong capitalization” of the banking sector, the preemptive program was meant “to maintain the stability of the Malaysian financial system.” Prior to the crisis, the Perbadanan Insurans Deposit Malaysia (PIDM), Malaysia’s deposit-insurance agency, guaranteed up to MYR 60,000 (USD 17,291) per depositor per insured institution. The PIDM was tasked with administering the GDG. Under the GDG, the PIDM insured all ringgit and foreign-currency deposits. …
Malaysia: Pengurusan Danaharta Nasional Berhad, Mallory Dreyer
Malaysia: Pengurusan Danaharta Nasional Berhad, Mallory Dreyer
Journal of Financial Crises
After the devaluation of the Thai baht in 1997, the Malaysian economy experienced turmoil and a financial crisis. As part of the government’s response to the financial crisis, it established Danaharta, a national asset management company, alongside a recapitalization agency, Danamodal, and a debt restructuring body, the CDRC, to address instability in the financial system. The government established Danaharta with the purpose of removing nonperforming loans from the financial system and maximizing their recovery. The Danaharta Act granted the agency special legal authority to more efficiently resolve NPLs. Danaharta received funding from the government and issued zero-coupon, government guaranteed bonds …
Collaborative Environmental Chemistry Projects: Universiti Kebangsaan Malaysia And The Claremont Colleges, Katie Purvis-Roberts
Collaborative Environmental Chemistry Projects: Universiti Kebangsaan Malaysia And The Claremont Colleges, Katie Purvis-Roberts
EnviroLab Asia
I received a course redevelopment grant from the Claremont Colleges EnviroLab Asia for my Environmental Chemistry (CHEM139) course. This allowed me to add a focus on environmental issues in Asia to the course and, more important, co-teach the class with a colleague at the Universiti Kebangsaan Malaysia (UKM).Te many results of that cross-Pacific teaching project are the key subject of this reflective essay.
Development And Environmental Injustice In Malaysia: A Story Of Indigenous Resistance In Sarawak, May Tay '17
Development And Environmental Injustice In Malaysia: A Story Of Indigenous Resistance In Sarawak, May Tay '17
EnviroLab Asia
In 2008, the Federal Government of Malaysian announced an initiative to build 20,000 megawatts of mega dams along a 320km corridor in Sarawak. Named the Sarawak Corridor of Renewable Energy (SCORE), the scheme would create one of five regional development corridors throughout Malaysia, and was part of the government’s strategy to make the state of Sarawak ‘developed’ by 2020 through industrialization and renewable energy development (Recoda). Of the mega dams planned for construction by 2020, three have been completed, with construction for the others underway and the construction process frequently delayed by resistance from local indigenous communities. Indigenous tribe members …
Hydropower, Oil Palm, And Sustainability, Fernando Salud '17
Hydropower, Oil Palm, And Sustainability, Fernando Salud '17
EnviroLab Asia
This reflection touches on the writer’s experiences during the EnviroLab Asia Clinic trip in early 2016 to Borneo, Malaysia and Singapore. The reflection involves two events: a visit to a blockade protesting the construction of a hydroelectric dam and a meeting with the sustainability department of Wilmar, one of the world’s leading palm oil producers. The first event comments on the tension between the need for renewable energy and the destruction of the natural environment and communities due to the particular energy generation technology chosen. This event highlighted the importance of understanding the societal constraints a technology is being installed …
Resisting Dams And Plantations: Indigenous Identity In Sarawak, Wan Ping Chua '17
Resisting Dams And Plantations: Indigenous Identity In Sarawak, Wan Ping Chua '17
EnviroLab Asia
The market and community are always intertwined, and sustained through economic power, social obligations and ideologies. In Sarawak, Malaysia, the expansion of land use for the development of cash crops and energy infrastructure has faced resistance from indigenous communities who depend upon land for subsistence lifestyles. In this encounter, values and cultures are reworked, and the ways in which the community and market rely upon each other in the community changes. The examination of the rice and wild foods sustenance lifestyle of the indigenous Kenyah in Sarawak, Malaysia, and resistance against land development projects, suggest that in the conflicts over …
What Does “Sustainable Development” Mean?, Grace Stewart '17
What Does “Sustainable Development” Mean?, Grace Stewart '17
EnviroLab Asia
A recurring theme throughout the EnviroLab Asia clinic trip to Singapore and Malaysian Borneo was the concept of "sustainable development." In this essay, I explore my own thoughts and concerns regarding this phrase, such as the tension that exists between "sustainability" (the maintenance of resources) and the conventional concept of "development" (which consumes resources and can often wreak environmental destruction). I reflect on this tension within the context of environmental issues faced by the Dayak people in Sarawak--the building of the Baram Dam, and the prevalence of oil palm plantations.
Indigenous People, Development And Environmental Justice: Narratives Of The Dayak People Of Sarawak, Malaysia, Elizabeth Weinlein '17
Indigenous People, Development And Environmental Justice: Narratives Of The Dayak People Of Sarawak, Malaysia, Elizabeth Weinlein '17
EnviroLab Asia
Focusing on the indigenous people of Sarawak, this article explores the authors learned biases as well as the dispelling of myths through hands on experiences in Malaysia. Over the period of a couple days, it becomes apparent that the indigenous people in Sarawak are not victims of systems of oppression, but survivors who continue to fight for their land rights and livelihoods.
Just Research, Ki’Amber Thompson '18
Just Research, Ki’Amber Thompson '18
EnviroLab Asia
The trip to Malaysia Borneo was an eye-opening experience that reinforced the need for researchers to listen to the indigenous peoples and to integrate their knowledge and understanding of place into any scientific, political, or policy analyses designed to restore the impact of deforestation and dam projects in the region.
Oceans Of Space, Stephanie Steinbrecher '16
Oceans Of Space, Stephanie Steinbrecher '16
EnviroLab Asia
"Oceans of Space" relates my observations of the 2016 EnviroLab Asia Clinic Trip to Singapore and Sarawak, Malaysia. In this meditation, the concept of space serves as a lens to examine assumptions of geopolitical, historical, and philosophical positioning—regionally and globally. At the center of my inquiry is EnviroLab's connection to the Dayak communities in Baram, Sarawak. This region is experiencing dramatic social and ecological change as a result of industrial development. By triangulating my subjective impressions of this space, various knowledge systems, and the qualitative data EnviroLab gathered in Southeast Asia, I aim to untangle some paradoxes that complicate the …