Entrepreneurial acculturation in Malaysia: Efforta and achievements
Norfaizah Bt Othman,
Muna Bt Sulaiman,
Norlita Bt Zainudin and
Zubair Hasan
MPRA Paper from University Library of Munich, Germany
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.
Keywords: Keyword: Growth; human resource development; risk taking; entrepreneurship, role of the state; Malaysia (search for similar items in EconPapers)
JEL-codes: H0 O1 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-ent, nep-hrm and nep-sea
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