PRIVATIZATION Privatization in Malaysia, Regulation, rent-seeking and policy failure

Recommendations

Info

References 217Lum W.K. (1994) ‘Privatisation of Sewerage Services in Malaysia: The Way Forward’,Kuala Lumpur: Department of Sewerage Services, Malaysia.Mackie, J.A. (1995) ‘Economic Growth in the ASEAN Region: The Political Underpinnings’,in J. Ravenhill (ed) Singapore, Indonesia, Malaysia, The Philippines andThailand Volume I, Aldershot: Edward Elgar Publishing.Mahathir Mohamad (1986) The Challenge, Petaling Jaya: Pelanduk Publications.[Translated from Menghadapi Cabaran, Kuala Lumpur: Pustaka Antara, 1976].—— (1998a) The Way Forward, London: Weidenfeld & Nicolson.—— (1998b) The Challenges of Turmoil, Subang Jaya: Pelanduk Publications.Malaysia (1981) Fourth Malaysia Plan, 1981–1985, Kuala Lumpur: GovernmentPrinters.—— (1983a) Industrial Master Plan, Kuala Lumpur: Government Printers.—— (1983b) Malaysian Industrial Policy Study, Kuala Lumpur: GovernmentPrinters.—— (1985) Guidelines on Privatization, Kuala Lumpur: Government Printers.—— (1986) Fifth Malaysia Plan, 1986–1990, Kuala Lumpur: Government Printers.—— (1989) Mid-Term Review of the Fifth Malaysia Plan, 1986–1990, Kuala Lumpur:Government Printers.—— (1991a) Sixth Malaysia Plan, 1991–1995, Kuala Lumpur: Government Printers.—— (1991b) Privatization Master Plan, Kuala Lumpur: Government Printers.—— (1996) Seventh Malaysia Plan, 1996–2000, Kuala Lumpur: Government Printers.—— (2001a) Eighth Malaysia Plan, 2001–2005, Kuala Lumpur: GovernmentPrinters.—— (2001b) ‘White Paper: Status of the Malaysian Economy’, Kuala Lumpur:Economic Planning Unit, 30 November.—— (2002) Sewerage Services Act 1993 (Incorporating all Amendments up to28 February 2002), Kuala Lumpur: The Commission of Law Revision, Malaysia.Malaysia Airlines (1991) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1992a) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1992b) ‘Circular to Shareholders in Relation to the Proposed Rights Issue of350,000,000 New Ordinary Chares’, 5 August.—— (1993) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1994) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1995) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1996) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1997) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (1998) Annual Report, Kuala Lumpur: Malaysia Airlines.—— (2002) ‘Reorganization of the Group Corporate Structure’, public announcement,30 July [prepared by Bina Fikir Consultants].Malek Merican (1986) ‘Review of the NEP from a Private Sector Perspective’, paperpresented at GEMAPUTRA, Kuala Lumpur.Mandell, R.W. (1979) Financing the Capital Requirements of the US Airline Industry inthe 1980s, Lexington: Gower Press.Martin, S. and Parker, D. (1997) The Impact of Privatisation: Ownership and CorporatePerformance in the UK, London: Routledge.Marx, K. (1979 [1867]) Capital Volume 1, Harmondsworth: Penguin Books.McVey, R. (1995) ‘The Southeast Asian Entrepreneur’, in J. Ravenhill (ed) Singapore,Indonesia, Malaysia, The Philippines and Thailand Volume I, Aldershot: EdwardElgar Publishing.
218 ReferencesMeans, G. (1986) ‘Ethnic Preference Policies in Malaysia’, in N. Nevitte andC.H. Kennedy (eds) (1986) Ethnic Preference and Public Policy in Developing States,Colorado: Lynne Rienner Publishers.Meerman, J. (1979) Public Expenditure in Malaysia, New York: Oxford UniversityPress.Mehmet, O. (1988) Development in Malaysia: Poverty, Wealth and Trusteeship, KualaLumpur: Insan.Melitz, M. (2005) ‘When and How Should Infant Industries Be Protected?’,Journal of International Economics, 66 (1): 177–196.Millward, R. and Parker, D. (1983) ‘Public and Private Enterprise: ComparativeBehaviour and Relative Efficiency’, in P. Cook and C. Kirkpatrick (eds) (2000a)Privatization in Developing Countries Volume I, Cheltenham: Edward ElgarPublishing.Milne, R. and Mauzy, D. (1999) Malaysian Politics Under Mahathir, London:Routledge.Mohamad Sheriff (1991) ‘Privatisations’, in Lee K.H. and S. Nagraj (eds) TheMalaysian Economy Beyond 1990, Kuala Lumpur: Persatuan Ekonomi Malaysia.National Audit Department, Malaysia (2000) Laporan Ketua Audit Negara MengenaiPenyata Akaun Awam Serta Aktiviti-aktiviti Kementrian dan Agensi KerajaanPersekutuan [Report of the National Auditor General on the Accounts and Activitiesof Federal Government Ministries and Agencies], Putrajaya: GovernmentPrinters.Neuman, S. (1971) ‘The Malay Political Elite: An Analysis of 134 Malay Legislators,Their Social Backgrounds and Attitudes’, PhD dissertation, New York University.Nevitte, N. and Kennedy, C.H. (eds) (1986) Ethnic Preference and Public Policy inDeveloping States, Colorado: Lynne Rienner Publishers.Nomura Asian Equity Research (2002) ‘Malaysian Airlines System’, stock analysis,29 November.Odaka, K. (ed) (1983) The Motor Vehicle Industry in Asia, Singapore: SingaporeUniversity Press.Olson, M. (1997) ‘The New Institutional Economics: The Collective ChoiceApproach to Economic Development’, in C. Clague (ed) Institutions and EconomicDevelopment, Baltimore: Johns Hopkins University Press.—— (2000) ‘Dictatorship, Democracy and Development’, in M. Olson andS. Kahkonen (eds) A Not-So-Dismal Science, Oxford: Oxford University Press.Olson, M. and Kahkonen, S. (2000) ‘Introduction: The Broader View’, in M. Olsonand S. Kahkonen (eds) A Not-So-Dismal Science, Oxford: Oxford University Press.Oster Jr, C. and Strong, J. (2000) ‘Transport Restructuring and Reform in an InternationalContext’, Transportation Journal, 39 (3) Spring: 18–32.Paribas Capital Markets (1994) ‘Malaysian Airlines’, stock analysis.Parker, D. (2001) ‘Economic Regulation: A Preliminary Literature Review andSummary of Research Questions Arising’, Manchester: Centre on Regulationand Competition Working Paper Series No. 6.Parker, D. and Kirkpatrick, C. (2002) ‘Researching Economic Regulation in DevelopingCountries: Developing a Methodology for Critical Analysis’, Manchester:Centre on Regulation and Competition Working Paper Series No. 34.—— (2003) ‘Privatisation in Developing Countries: A Review of the Evidence andthe Policy Lessons’, Manchester: Centre on Regulation and Competition WorkingPaper Series No. 55.
Page 2 and 3:
Privatization in MalaysiaRegulation
Page 4 and 5:
Privatization in MalaysiaRegulation
Page 6:
Dedicated to my parents, Tan Siew S
Page 9 and 10:
viiiContentsProblems 123Conclusion
Page 11 and 12:
xTables6.02 Asia Pacific airlines:
Page 14 and 15:
AbbreviationsAFTAAFTKAPTKARPASEANAS
Page 16 and 17:
LoSLPPJLRTLTALTATLTDLTLMARAMASMBOMC
Page 18 and 19:
1 IntroductionWhy privatize?The deb
Page 20 and 21:
Introduction: why privatize? 3neces
Page 22 and 23:
Introduction: why privatize? 5count
Page 24 and 25:
2 Privatization, rents andrent-seek
Page 26 and 27:
Privatization, rents and rent-seeki
Page 28 and 29:
Page 30 and 31:
Page 32 and 33:
Page 34 and 35:
Page 36 and 37:
Page 38 and 39:
Page 40 and 41:
Page 42 and 43:
Page 44 and 45:
Page 46 and 47:
Page 48 and 49:
Page 50 and 51:
What is needed to make privatizatio
Page 52 and 53:
Page 54 and 55:
Page 56 and 57:
3 Institutional and politicalfailur
Page 58 and 59:
Institutional and political failure
Page 60 and 61:
Page 62 and 63:
Page 64 and 65:
Page 66 and 67:
Page 68 and 69:
Page 70 and 71:
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
Page 82 and 83:
Page 84 and 85:
Page 86 and 87:
Page 88 and 89:
Page 90 and 91:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Malaysia’s national sewerage syst
Page 98 and 99:
Page 100 and 101:
Page 102 and 103:
Table 4.01 IWK: Performance summary
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114 and 115:
Page 116 and 117:
Page 118 and 119:
Table 4.09 IWK: Tariff revisions, 1
Page 120 and 121:
Page 122 and 123:
Page 124 and 125:
Kuala Lumpur Light Rail Transit 107
Page 126 and 127:
Page 128 and 129:
Page 130 and 131:
Page 132 and 133:
Table 5.01 Kuala Lumpur LRT: Financ
Page 134 and 135:
Page 136 and 137:
Table 5.03 Regional urban rail syst
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Page 144 and 145:
Page 146 and 147:
Page 148 and 149:
Page 150 and 151:
6 Perverse incentivesMalaysia Airli
Page 152 and 153:
Malaysia Airlines 135Both types of
Page 154 and 155:
Malaysia Airlines 137The industry i
Page 156 and 157:
BackgroundMalaysia Airlines 139The
Page 158 and 159:
Malaysia Airlines 141improvements i
Page 160 and 161:
Malaysia Airlines 143Table 6.03 Reg
Page 162 and 163:
Table 6.04 MAS: Leverage ratios and
Page 164 and 165:
Malaysia Airlines 147debt as early
Page 166 and 167:
Malaysia Airlines 149with the Maldi
Page 168 and 169:
Malaysia Airlines 151its fleet to a
Page 170 and 171:
Malaysia Airlines 15312 November 20
Page 172 and 173:
Malaysia Airlines 155state not inte
Page 174 and 175:
Malaysia Airlines 157overall indust
Page 176 and 177:
Proton 159was technology acquisitio
Page 178 and 179:
Proton 161(when Proton’s domestic
Page 180 and 181:
Proton 163Late-comer and specific c
Page 182 and 183:
Proton 165Motor Company (MMC), in M
Page 184 and 185: PerformanceProton 167Although Proto
Page 186 and 187: Table 7.03 Proton: Profitability, 1
Page 188 and 189: Proton 171be able to develop its ow
Page 190 and 191: Proton 173Table 7.08 Proton: Export
Page 192 and 193: Table 7.09 Proton: Impact of reduct
Page 194 and 195: Proton 1778 May 2004). Overall, Pro
Page 196 and 197: Proton 179DRB-HICOM for RM297 milli
Page 198 and 199: Proton 181to go about it’ and Pro
Page 200 and 201: Proton 183competitiveness needed to
Page 202 and 203: Proton 185Although Proton was finan
Page 204 and 205: Proton 187Proton’s poor performan
Page 206 and 207: Summary and conclusion 189necessita
Page 208 and 209: Summary and conclusion 191appropria
Page 210 and 211: Summary and conclusion 193cost per
Page 212 and 213: Summary and conclusion 195that it i
Page 214 and 215: Notes 197directed primarily at the
Page 216 and 217: Notes 1996 IWK was incorporated as
Page 218 and 219: Notes 20111 This comprised EPF (20
Page 220 and 221: Notes 203million new ordinary share
Page 222 and 223: Notes 20515 Proton’s market share
Page 224 and 225: References 207Aziz Zariza Ahmad (19
Page 226 and 227: References 209Chee P.L. and Fong C.
Page 228 and 229: References 211Felker, G. (1993) ‘
Page 230 and 231: References 213—— (2002) World A
Page 232 and 233: References 215Mustapa Mohamed on Ec
Page 236 and 237: References 219Payson, W. and Steckl
Page 238 and 239: References 221—— (2002) (SMRT)
Page 240: Newspapers, magazines, websites and
Page 243 and 244: 226 IndexBumiputra National Economi
Page 245 and 246: 228 IndexEmployees Provident Fund s
Page 247 and 248: 230 Index99-100, 104; industrial ta
Page 249 and 250: 232 Index41, 50, 65, 71-2, 77, 191;
Page 251: 234 Indextechnology: acquisition an
show all

PRIVATIZATION Privatization in Malaysia, Regulation, rent-seeking and policy failure

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?