Cities, People & the Economy: A Study on Positioning Penang

By Francis E. Hutchinson

April 2011 BOOK REVIEW
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By Homi Kharas, Albert Zeufack and Hamdan Majeed Khazanah Nasional Berhad and the World Bank, 2010. 96 pages.PENANG HAS ALWAYS had to depend on its people for economic survival. For the last 40 years, this has been achieved through a development model focused on medium-intensity manufacturing and tourism. A core group of multinational corporations, significant investment and visitor arrivals, and consistent economic growth in Penang signalled the strength of this framework, and the state came to enjoy per capita income...

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Francis E. Hutchinson

is a visiting research fellow at the Institute of Southeast Asian Studies in Singapore.