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Privatisation as an Instrument for National Policy and Socio-economic Restructuring

In: Alternative Perspectives in Third-World Development

Author

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  • Uzir Abdul Malik

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).

Suggested Citation

  • Uzir Abdul Malik, 1996. "Privatisation as an Instrument for National Policy and Socio-economic Restructuring," Palgrave Macmillan Books, in: Masudul Alam Choudhury & Uzir Abdul Malik & Mohammad Anuar Adnan (ed.), Alternative Perspectives in Third-World Development, chapter 5, pages 70-89, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24853-7_5
    DOI: 10.1007/978-1-349-24853-7_5
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