Abstract
This chapter provides a detailed overview of the Malaysian economy as an introduction to the text. The chapter provides a detailed overview of the current geography and structure of the Malaysian economy followed by a history of the emergence of the nation state and its colonial history and emergence of the modern country. Entrepreneurial activity in Malaysia and its levels are discussed in depth. Thereafter, Malaysia’s current economic policy is evaluated, and conclusions are drawn regarding its value and contribution.
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Notes
- 1.
Peninsula Malaysia consists of 11 states, namely, Perlis, Kedah, Penang, Perak, Kelantan, Terengganu, Pahang, Selangor, Negeri Sembilan, Melaka and Johor. West Malaysia consists of Sabah and Sarawak, each a state in its own right.
- 2.
Population figures come from Statista.com. Date last accessed: 27 March 2020.
- 3.
(1959, 1964, 1969, 1974, 1978, 1982, 1986, 1990, 1995, 1999, 2004, 2008, 2013, 2018).
- 4.
The first being Tunku Abdul Rahman (starting from 1957, but between a 1955 election in Malaya before independence, as the British wanted to get Malayans then familiar to elections before granting freedom from being a colony, he was called Chief Minister of Malaya), the second, Tun Abdul Razak (starting 1970), the third, Tun Hussein Onn (starting 1976), the fourth Tun Mahathir Mohamad (starting 1981),the fifth Tun Abdullah Badawi (starting 2003), the sixth Dato Seri Najib Razak (starting 2009) and the eighth Tun Mahathir Mohamad (starting 2018, an unexpected comeback at 93 years old, having been Malaysia’s fourth prime minister). In March 2020 the current Prime Minister (at the time of writing), Tan Sri Dato' Haji Muhiaddin bin Md Yassin, was appointed, just as the COVID-19 pandemic crisis started to take hold in Malaysia.
- 5.
World Bank Data. Data.worldbank.org/country/Malaysia. Last accessed 27 March 2020.
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Hamidon, S., Huxtable-Thomas, L. (2021). An Overview of Entrepreneurship in Malaysia. In: Jones, P., Huxtable-Thomas, L., Hamidon, S., Hannon, P., Mohd Tawil, N. (eds) Entrepreneurial Activity in Malaysia. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-77753-1_2
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