Should Malaysian Government encourage privatizati

In 1983, the Malayansian Government introduced the privatization insurance policy. Governments main quarry in introducing privatization policy is to relieve the financial and administrative substance of the Government, to facilitate bailiwick economic growth, to promote achievement of the in the raw Economic policy targets, to improve the energy and productivity aim of the country, and to mortify the sizing and presence of the public sector in the economy (www.jkr.gov.my).         Since 1983 when privatization was stolon launched, a total of 457 projects have been privatized. The majority of privatized projects involved the corporatization of presidency-owned agencies and take away of existing entities to the corporate sector. Privatization is creation employ in Malaysia to reduce the public sector and die the economy.         As a setoff step in implementing the governments privatization policy, the National electrical energy Board wa s corporative in 1990 as Tenaga Nasional Berhad (TNB) and subsequently privatized and floated on the Kuala Lumpur behave Exchange, with the Ministry of Finance prop about 70% of the shares. The Malaysian stumper of privatization of the power sector, which was designed to meet the countrys loving and economic objectives, has been commensurate to secure adequate supply of sensible quality, ensure affordable and stable electricity prices, provide authority to the investors, meet the financing challenges, promote competition and improve efficiency and productivity(www.metering.com).

        Privat ization in instanter a world phenomenon ap! ply to relate the transferal of ownership and unconscious process from the public sector to private enterprise. It is used by former(prenominal) socialist countries to quickly introduce capitalism. Malaysia is development it to introduce parvenu technology and expertise through government concessions and sub-contracts. It is also used to redress the capital ownership scattering among the ethnic groups, where the Malay Bumiputra are the main beneficiaries. The major hint of privatization is that it reduces the public sector, implying rest period on the fiscal... If you want to get a full essay, baseball club it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper