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The Political Economy of a Rising China in Southeast Asia: Malaysia’s Response to the Belt and Road Initiative

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ABSTRACT Disputing research that depicts weak states getting overwhelmed by China’s financial might, this article argues that the political elites in a relatively weak and small state such as Malaysia… Click to show full abstract

ABSTRACT Disputing research that depicts weak states getting overwhelmed by China’s financial might, this article argues that the political elites in a relatively weak and small state such as Malaysia are adept in engaging with a rising China to advance key projects, furthering their own agenda. In the case of Malaysia, the eventual outcome of this interaction is dependent on three key conditions: fulfilment of Malaysia’s longstanding pro-ethnic Malay policy, a mutual vision between the state and federal authorities, and advancement of geopolitical interests for both Malaysia and China. The article puts forward a typology illustrating various possible outcomes to examine the interconnections between key players at a time of Chinese ascendancy.

Keywords: china southeast; political economy; rising china; malaysia; economy rising

Journal Title: Journal of Contemporary China
Year Published: 2019

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