STRENGTHENING ENTREPRENEURSHIP IN MALAYSIA

OVERVIEW
The development of entrepreneurship, as both concept and activity, has been growing in importance
in Malaysia. The perceived importance of entrepreneurship to the growth of Malaysia’s economy is
evidenced by the sheer amount and variety of supporting mechanisms and policies that exist for
entrepreneurs, including funding, physical infrastructure and business advisory services. The
establishment of a special ministry for entrepreneurs—the Ministry of Entrepreneur
Development—in 1995, clearly showcases the importance the government places upon the issue of
entrepreneurship and entrepreneur development. The Ministry is supposed to act as the lead agency for the development of Bumiputera entrepreneurs as well as to co-ordinate entrepreneurship activities in general.
The country’s quest in this direction is underpinned by its historical roots as a center of trade and commerce in the fifteenth century when the kingdoms of Malacca and Temasek (Singapore) were at their height, as well as more modern concerns. These include economic globalization and
liberalization, the need to strengthen national competitiveness, and the need to foster greater
capacity for technology and innovation. However, the issue of entrepreneurship in Malaysia is
closely tied to the other political economic considerations unique to the Malaysian context, and thus has its own set of constraints to contend with even while it is being developed


for more download HERE