Abstract
Privatisation which is currently a worldwide phenomenon has been justified on several grounds, from increasing public enterprise efficiency to creating a free enterprise economic system. In Malaysia, where it was made a national policy in the mid-1980s, it was regarded as an instrument of national policy and socio-economic restructuring. As an instrument of national policy it was aimed at reducing the financial and administrative burden of the government, improve the efficiency and productivity of public enterprises and facilitating economic growth. In the case of socioeconomic restructuring, the main role of the privatisation policy is to help achieve the objectives of the New Economic Policy (NEP) and subsequently of the Economic Policy for National Development (EPND).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Cook, Paul Kirkpatrick, Colin (1988) Privatisation in Less Developed Countries (Hemel Hempsteald: Harvester Wheatsheaf).
Dasar Ekonomi untuk Pembangunan Negara (DEPN) (1991), (Kuala Lumpur: Laporan Majlis Perundangan Ekonomi Negara, Jabatan Percetakan Negara, 9 Februari).
Economic Planning Unit (Prime Minister’s Department) (1985), Guidelines on Privatisation (Kuala Lumpur: Goverment Printer).
Government of Malaysia (1971) Second Malaysia Plan, 1971–1975 (Kuala Lumpur: Government Printer).
Government of Malaysia (1976) Third Malaysia Plan, 1976–1980 (Kuala Lumpur: Government Printer).
Government of Malaysia (1981) Fourth Malaysia Plan, 1981–1990 (Kuala Lumpur: Government Printer).
Government of Malaysia (1986) Fifth Malaysia Plan, 1986–1990 (Kuala Lumpur: Government Printer).
Government Malaysia (1991a) Sixth Malaysia Plan, 1991–1995 (Kuala Lumpur: Government Printer).
Government of Malaysia (1991b) Privatisation Master Plan (Kuala Lumpur: National Printing Department).
The Economic Development of Malaya, Report of a Mission Organized by the International Bank of Reconstruction and Development (1960) (Baltimore: Johns Hopkins University Press).
Jomo, K.S. (1992) ‘Privatisation in Malaysia: For What and For Whom?’, paper presented at the Conference on Post-Privatisation Policy and Performance: International Perspectives, University of Bradford, England, 6–7 March. (mimeo: Faculty of Economics, University of Malaya, Kuala Lumpur, Malaysia)
Ministry of Finance (1990) Economic Report, 1990/91 (Kuala Lumpur: National Printing Department).
Ministry of Finance (1991) Economic Report, 1991/92 (Kuala Lumpur: National Printing Department).
Ministry of Finance (1992) Economic Report, 1992/93 (Kuala Lumpur: National Printing Department).
Salleh, Ismail and Osman-Rani, H. (1991) The Growth of the Public Sector in Malaysia (Kuala Lumpur: Institute of Strategic and International Studies (ISIS)).
World Bank (1983) World Development Report (New York: Oxford University Press).
Editor information
Editors and Affiliations
Copyright information
© 1996 Masudul Alam Choudhury. Uzir Abdul Malik and Mohammad Anuar Adnan
About this chapter
Cite this chapter
Malik, U.A. (1996). Privatisation as an Instrument for National Policy and Socio-economic Restructuring. In: Choudhury, M.A., Malik, U.A., Adnan, M.A. (eds) Alternative Perspectives in Third-World Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24853-7_5
Download citation
DOI: https://doi.org/10.1007/978-1-349-24853-7_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24855-1
Online ISBN: 978-1-349-24853-7
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)