Privatization and public enterprise reform in the Asia‐Pacific region

Edmund Gomez

Journal of the Asia Pacific Economy, 1997, vol. 2, issue 2, 178-200

Abstract: Given the close links between politics and business in Malaysia, the political implications of privatization take on added significance, contributing, in particular, to considerable political patronage during privatization. This paper deals with the problems that emerged following state intervention in the economy which ultimately led to the government's justification for introducing privatization. The paper examines the meaning of privatization in Malaysia, its mode of implementation and its implications on society. The main emphasis here is the question of executive dominance over the state and the impact this can have on the implementation of privatization, in particular, facilitating the practice of political patronage and changing ownership patterns.

Date: 1997
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DOI: 10.1080/13547869708724616

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