UPSI Digital Repository (UDRep)
Start | FAQ | About

QR Code Link :

Type :article
Subject :JA Political science (General)
ISSN :2222-6990
Main Author :Ishak Saat
Additional Authors :Mohamad Asrol Arpidi Mamat
Ahmad Zainudin Husin
Ruhaizan Sulaiman
Title :Special policy implementation 1983-2018: implications on the economic growth and people of Malaysia
Place of Production :Tanjong Malim
Publisher :Fakulti Sains Kemanusiaan
Year of Publication :2021
Corporate Name :Universiti Pendidikan Sultan Idris

Abstract : Universiti Pendidikan Sultan Idris
This article aims to look at the implications of the Privatization Policy introduced by the former Prime Minister of Malaysia, Tun Dr. Mahathir Mohamad in the country from 1983 to 2018 in terms of the positive and negative implications towards the economy and the people of the country. The time taken is to see how effective this policy is in the 35 years of its implementation. The policy was introduced in 1983 and continues to be implemented today as it benefits outweighs the negative impact on the nation and the people. In general, the introduction of the Privatization Policy has also served to reduce the government's financial burden especially when the country is in an economic downturn, improve efficiency and diversification of revenue, encourage economic growth, efficient resource allocation and accelerate the achievement of the New Economic Policy (NEP). This study was conducted primarily using qualitative and chronological methods and was subjective. The information obtained is extracted and analyzed from primary and secondary sources. Primary sources include economic reports, Malaysian plans, Privatization Plans, Dewan Rakyat Statements and relevant government documents. The secondary sources consist of scientific journals, books and information obtained from the web site. The results show that the privatization policy implemented has positive and negative implications on the economy and the people. The privatization process also promotes the growth of the capital market and thus enhances private sector’s contribution to GDP growth. Although this policy has negative implications, it is considered one of the policies that continues to play a role in shaping the country's future economic growth and development. Keywords: Tun Dr. Mahathir, Privatization Policy, Private Company, Economy, People.

References

Harun, A. G., & Ahmad, R. (1996). Japanese Imperialism and the Concept of the Northeast Asian Neighborhood, Journal of the Department of History, Politics and Strategy (JEBAT). 24. Bangi: National University of Malaysia.

Buang, A. (2005). Economic Globalization and Its Impact on Malaysian Cultural Space. 1(1). Bangi: Geography, National University of Malaysia.

Munir, A. B. (1992). Privatization. Kuala Lumpur: Language and Library Council.

Mohamad, A., & Abdullah, M. A. (2009). Privatization and the Working Environment. Kuala Lumpur: Language and Library Council.

Tampubolon, B. D. (2007). Analysis of Leadership Style Factors and Work Ethic Factors on Employee Performance in Organizational Organizations 19-9001-2001 in Journal of Standardization 9(3): 106 - 115. Bandung: University of the Arts.

Economy Planning Unit. (1976). Third Malaysia Plan (1976-1980). Kuala Lumpur: Government Printers.

Economy Planning Unit. (1981). Fourth Malaysia Plan (1981-1985). Kuala Lumpur: National Printing Department.

Economy Planning Unit. (1991). Privatization Master Plan. Kuala Lumpur: National Printing Department.

Halim, F. W., & Herman, I. (1997). Relationships of Work Values, Work Performance and Quality of Life Working Among Public and Private Sector Workers in Journal of Psychology Malaysia, 11, 97-117. Bangi: National University of Malaysia.

Adnan, H. M., & Salman, A. (2015). Issue Dawama: Privatization Impact Printer to Malay. Journal of Communication. 31 (2), 547-568. Bangi: National University of Malaysia.

Saari, I. (2002). Development: Pursuing Dreams or Dreams in Developmental Philosophy and Civilization; edited by Misran Rokimin, James Francis Ongkili & Azmi Aziz. Bangi: SME Publisher.

Yussof, I., & Ismail, R. (2012). Comparative Analysis of Public and Private Sector Employers' Perceptions of SME Graduate Performance in Malaysian Journal of Economics, 46(2), 85-92. Bangi: Faculty of Economics and Management, National University of Malaysia.

Tukiman. (1994). Japanese Involvement in the Economic Sector in the State of Johor Early in the Twentieth Century in the Journal of the Department of History, Politics and Strategy (JEBAT). 20. Bangi: National University of Malaysia.

Suhaimy, K. A. M., & Noor, M. M. (2013). Exploring Max Weber's Theory of Sociological Theory in Analyzing Tun Dr's Developmental Thought Mahathir Mohamad, 1. Kuala Lumpur: Malayan Law Journal PTE. LTD.

Ismail, M. T. (2011). UMNO Political Conservatism, Journal of the Department of History, Politics and Strategy (JEBAT). 38 (1). Bangi: National University of Malaysia.

Razak, N. A. (2016). Budget Speech for 2017. Kuala Lumpur: Malaysian Parliament.

Razak, N. A. (2015). Budget Speech of 2016. Kuala Lumpur: Malaysian Parliament.

Bakar, N. R. A. (2012). Implications of economic structure change for women: The situation in Malaysia. 8 (8). Bangi: Geography, National University of Malaysia.

Ismail, R., Hamzah, R., & Siang. L. C. (2015). Determinants of Worker Engagement in Training: The Case of the Private Education Sector in Malaysia. 11(10). Bangi: Geography, National University of Malaysia.

Hassan, S. A., & Khairuldin, W. M. K. F. W. (2020). Research Design Based on Fatwa Making Process: An Exploratory Study. International Journal of Higher Education, 9(6), 241-246.

Said, N. A., & Khairuldin. (2017). Freedom of Speech in Islam and its Connection with Street Demonstrations. International Journal of Academic Research in Business and Social Sciences, 7(4), 122-129.

Khairuldin, Embong, A. H., Anas, W. N. I. W. N., Ismail, D., Ibrahim, I., & Fauzi, N. (2017). Freedom of Speech: A Comparative Study between Islam and Malaysian Laws. International Journal of Academic Research in Business and Social Sciences, 7(2), 2222-6990.

Ibrahim, I., & Khairuldin. (2017). Fatwa as a Medium Da’wah: Studies on the Role of Mufti as a Preacher. International Journal of Academic Research in Business and Social Sciences, 7(4), 10-18.

Pandian, S. (2005). Mahathir's Legacy. Kuala Lumpur: Utusan Publications & Distributors Sdn. Bhd.

Razak, M. N. A. (2016). Launching of the Report of the Year of the 2015 Government Transformation Program (GTP) and Economic Transformation Program (ETP) under the National Transformation Policy (DTN), Angkasapuri Auditorium.

Razak, M. N. A. (2017). Launching of the 2016 Government Transformation Program (GTP) and Economic Transformation Program (ETP) Program under the National Transformation Policy (DTN), Dewan Majong UiTM.

Mohamad, M. (1987). Gemaputra National Level Seminar, Putra World Trade Center, Kuala Lumpur.

Mohamad, M. (1987). 38th Umno General Assembly, Independence Hall, Putra World Trade Center, Kuala Lumpur.

Mohamad, M. (1987). Organized Manufacturers Association Malaysia Dinner, Regent Hotel, Kuala Lumpur.

The East Asian Miracle - Economic Growth and Public Policy. (1993). Washington: The World Bank.

Aaron, Y. (2001). Dr. Mahathir Mohamad: The Struggle Without Borders. Kuala Lumpur: Library Inter-Sdn. Bhd.

Karim, Z. A., Thahir, M. Z. M., & Aqualdo, N. (2007). Private Savings in Malaysia. Academic 71 July 2007. Bangi: National University of Malaysia.


This material may be protected under Copyright Act which governs the making of photocopies or reproductions of copyrighted materials.
You may use the digitized material for private study, scholarship, or research.

Back to previous page

Installed and configured by Bahagian Automasi, Perpustakaan Tuanku Bainun, Universiti Pendidikan Sultan Idris
If you have enquiries, kindly contact us at pustakasys@upsi.edu.my or 016-3630263. Office hours only.