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Rebalancing the Public and Private Sectors: The Case of Malaysia

  • Roger S. Leeds
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    Although the objectives of the Privatisation Programme in Malaysia were clearly stated from the start, there was no overall implementation plan during the first few years. Thus, the early targets of privatisation as well as the specific methods applied were chosen in an ad hoc manner. A major constraint for the implementation of this programme was the political necessity to protect and promote Bumiputra interests. Following a description and a critical analysis of the various measures and techniques used in both the liberalisation and the privatisation process, with a particular reference to the Port Kelang privatisation experience, the author underlines some major lessons such as: legal changes take time to be materalised; each transaction related to a privatisation programme is different; the private sector must be willing to expand its role; the scarcest resource is skilled technical expertise; the importance of government organisation is often underestimated; developing a ... Les objectifs du programme de privatisation en Malaisie ont été clairement énoncés dès le départ mais, pendant les premières années, aucun plan d'ensemble n'a été prévu pour son exécution. Ainsi, les objectifs initiaux de la privatisation et les méthodes spécifiques appliquées ont-ils été choisis en fonction des besoins. Après avoir décrit les diverses mesures et techniques de libéralisation et de privatisation appliquées à l'entreprise et en avoir fait l'analyse critique, s'attachant notamment à la privatisation de Port Kelang, l'auteur s'arrête sur quelques enseignements importants, par exemple : il faut du temps pour qu'un changement dans la législation prenne corps dans la réalité ; dans un programme de privatisation, il n'y a pas deux transactions semblables ; le secteur privé doit être prêt à jouer un rôle plus important ; les compétences d'experts sont la ressource la plus rare ; on sous-estime souvent l'importance de l'administration ; obtenir un consensus sur la mise en ...

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    Paper provided by OECD Publishing in its series OECD Development Centre Working Papers with number 5.

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    Date of creation: Jul 1989
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    Handle: RePEc:oec:devaaa:5-en
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