By Jeff Tan
ISBN-10: 0415428211
ISBN-13: 9780415428217
ISBN-10: 0415545374
ISBN-13: 9780415545372
In fresh years, privatisation has fallen out of favour in lots of nations as the underlying political elements haven't been good understood. This ebook examines Malaysia’s privatisation programme, targeting how political constraints ended in the failure of 4 significant privatisations: the nationwide sewerage corporation (IWK), Kuala Lumpur gentle Rail Transit (LRT), nationwide airline (MAS), and nationwide vehicle corporation (Proton). It considers why constructing international locations corresponding to Malaysia will need to embark on privatisation, the standards that bring about coverage failure, and what's had to make it paintings. It exhibits in actual fact that political factors using privatisation frequently dominate merely monetary concerns, and hence it is vital to examine privatisation in the particular state context. It argues that failure within the Malaysian case used to be because of political concerns that compromised institutional layout and regulatory enforcement, resulting in difficulties linked to corruption. It concludes that privatisation doesn't unavoidably increase incentives for potency or improve the finance to be had for capital funding, and that winning privatisation is dependent upon the state’s institutional and political means to layout and deal with a suitable set of subsidies. total, this publication is a entire exam of privatisation in Malaysia, supplying very important insights for figuring out the political economic climate of this approach in different constructing international locations.
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Privatization in Malaysia: Regulation, Rent-Seeking and Policy Failure (Routledge Malaysian Studies Series) by Jeff Tan
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