Privatization in Malaysia

Regulation, Rent-Seeking and Policy Failure

Business & Finance, Economics, International Economics, Development & Growth, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Privatization in Malaysia by Jeff Tan, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jeff Tan ISBN: 9781134089147
Publisher: Taylor and Francis Publication: October 2, 2007
Imprint: Routledge Language: English
Author: Jeff Tan
ISBN: 9781134089147
Publisher: Taylor and Francis
Publication: October 2, 2007
Imprint: Routledge
Language: English

In recent years, privatisation has fallen out of favour in many countries because the underlying political factors have not been well understood. This book examines Malaysia’s privatisation programme, focusing on how political constraints resulted in the failure of four major privatisations: the national sewerage company (IWK), Kuala Lumpur Light Rail Transit (LRT), national airline (MAS), and national car company (Proton). It considers why developing countries such as Malaysia might want to embark on privatisation, the factors that lead to policy failure, and what is needed to make it work. It shows clearly that political motives driving privatisation often dominate purely economic considerations, and thus it is necessary to analyse privatisation within the specific country context. It argues that failure in the Malaysian case was due to political considerations that compromised institutional design and regulatory enforcement, leading to problems associated with corruption. It concludes that privatisation does not necessarily improve incentives for efficiency or enhance the finance available for capital investment, and that successful privatisation depends on the state’s institutional and political capacity to design and manage an appropriate set of subsidies. Overall, this book is a comprehensive examination of privatisation in Malaysia, providing important insights for understanding the political economy of this process in other developing countries.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In recent years, privatisation has fallen out of favour in many countries because the underlying political factors have not been well understood. This book examines Malaysia’s privatisation programme, focusing on how political constraints resulted in the failure of four major privatisations: the national sewerage company (IWK), Kuala Lumpur Light Rail Transit (LRT), national airline (MAS), and national car company (Proton). It considers why developing countries such as Malaysia might want to embark on privatisation, the factors that lead to policy failure, and what is needed to make it work. It shows clearly that political motives driving privatisation often dominate purely economic considerations, and thus it is necessary to analyse privatisation within the specific country context. It argues that failure in the Malaysian case was due to political considerations that compromised institutional design and regulatory enforcement, leading to problems associated with corruption. It concludes that privatisation does not necessarily improve incentives for efficiency or enhance the finance available for capital investment, and that successful privatisation depends on the state’s institutional and political capacity to design and manage an appropriate set of subsidies. Overall, this book is a comprehensive examination of privatisation in Malaysia, providing important insights for understanding the political economy of this process in other developing countries.

More books from Taylor and Francis

Cover of the book Worldwide Destinations by Jeff Tan
Cover of the book Anti-Corruption in International Development by Jeff Tan
Cover of the book East Asia 2000 and Beyond by Jeff Tan
Cover of the book Understanding Expository Text by Jeff Tan
Cover of the book Jung and Levinas by Jeff Tan
Cover of the book Architecture, Participation and Society by Jeff Tan
Cover of the book Current Trends in Analytical Psychology by Jeff Tan
Cover of the book The United Nations and Transnational Organized Crime by Jeff Tan
Cover of the book Heidegger for Architects by Jeff Tan
Cover of the book Motivating Children with Specific Learning Difficulties by Jeff Tan
Cover of the book Effective Interviewing of Children by Jeff Tan
Cover of the book Transforming Otherness by Jeff Tan
Cover of the book Strategies for Sustainability: Latin America by Jeff Tan
Cover of the book Zionism in an Arab Country by Jeff Tan
Cover of the book New Conservatives in Russia and East Central Europe by Jeff Tan
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy