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Entrepreneurial acculturation in Malaysia: Efforta and achievements

Author

Listed:
  • Othman, Norfaizah Bt
  • Sulaiman, Muna Bt
  • Zainudin, Norlita Bt
  • Hasan, Zubair

Abstract

The nature and pace of economic progress in a country depends, among others, on the venturesome qualities of its people. The development of entrepreneurship has, therefore, been taken as an important element in human development sphere in Malaysia. In fact, the Malaysian Government has restructured it entrepreneurship department, hence the birth of Ministry of Entrepreneur and Co-operative Development (MECD) in 2004. The main objectives of this department are to provide a conducive environment and to promote and assist the entrepreneurial development in the country. The effort of the Ministry is supported by many new policies and mechanisms including funding, entrepreneurial programs and activities, physical infrastructures and business advisory services. This paper endeavors to trace the progress of the entrepreneurial program and assess its achievements towards inculcating the spirit and culture of enterprise among the Malaysians. It also attempt to see whether the contribution increases the pace of development in the country and made an impact on income inequalities and poverty among the target groups.

Suggested Citation

  • Othman, Norfaizah Bt & Sulaiman, Muna Bt & Zainudin, Norlita Bt & Hasan, Zubair, 2008. "Entrepreneurial acculturation in Malaysia: Efforta and achievements," MPRA Paper 8980, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8980
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    File URL: https://mpra.ub.uni-muenchen.de/8980/1/MPRA_paper_8980.pdf
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    References listed on IDEAS

    as
    1. Cumming, Douglas, 2007. "Government policy towards entrepreneurial finance: Innovation investment funds," Journal of Business Venturing, Elsevier, vol. 22(2), pages 193-235, March.
    2. Li, Wenli, 2002. "Entrepreneurship and government subsidies: A general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 26(11), pages 1815-1844, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Keyword: Growth; human resource development; risk taking; entrepreneurship; role of the state; Malaysia;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • H0 - Public Economics - - General

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