The Economic Development of Malaya

The Economic Development of Malaya

The Economic Development of Malaya

The Economic Development of Malaya

Excerpt

This is the report of a mission to Malaya, organized by the International Bank for Reconstruction and Development at the request of the Governments of the Federation of Malaya, the Crown Colony of Singapore and the United Kingdom.

The task of the mission, as agreed upon by the three Governments and the Bank, was to assess the resources available for future development, to consider how these resources might best contribute to the economic and social development of Malaya, and to make recommendations for practical measures to further such development. Since this was a general survey mission, it addressed itself primarily to broad issues of development policy and general lines of priority investment, rather than to details of particular development problems and issues and of individual investment projects.

The mission consisted of thirteen members. Four of the members, specialists in agriculture and related fields, were nominated by the Food and Agriculture Organization of the United Nations. Eight members (including the Chief of Mission, one of the general economists and the advisers on public finance, mineral resources, transport and communications, industry, power and social services) were recruited by the Bank from outside its staff. One member (a general economist) is a regular member of the staff of the Bank.

The mission arrived in Malaya in January 1954 and remained until May. Members traveled widely and conferred extensively with government officials and private individuals in both the Federation and Singapore. The mission then reassembled in Washington to prepare its report. While the report was being written, close contact was maintained by correspondence with the Governments of the Federation and Singapore. As drafts of findings and proposed recommendations concerning the individual sectors of the economy, the various fields of social services, and the prospective availability and allocation of financial resources were completed, they were submitted informally to both governments for comments. Various international agencies were also given an opportunity to comment on the portions of the report relating to their particular fields of interest, and the Executive Directors and management of the Bank were also invited to . . .

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