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‘Adapt Or Divest: The New Economic Policy And Foreign Businesses In Malaysia (1970-2000), Shakila Yacob Dr, Khadijah Md Khalid Dr
‘Adapt Or Divest: The New Economic Policy And Foreign Businesses In Malaysia (1970-2000), Shakila Yacob Dr, Khadijah Md Khalid Dr
Shakila Yacob
This study explores the interplay between state policies and business strategies of foreign firms in Malaysia during and in the aftermath of decolonisation. Drawing from newly released British and US sources, this study demonstrates that distrust of state enterprises as well as antagonism towards Chinese speculators were significant factors in shaping the business strategies of targeted British firms under the New Economic Policy (NEP) in Malaysia. In addition, the business culture of some British firms served only to harden misperceptions and strengthen the resolve of the government to implement the NEP fully. Finally, in cushioning external shocks, firms embarked on …
Shakila Yacob And Nicholas White, ‘The “Unfinished Business” Of Malaysia’S Decolonisation: The Origins Of The Guthrie Dawn Raid’, Shakila P. Yacob Associate Professor
Shakila Yacob And Nicholas White, ‘The “Unfinished Business” Of Malaysia’S Decolonisation: The Origins Of The Guthrie Dawn Raid’, Shakila P. Yacob Associate Professor
Shakila Yacob
In a ‘dawn raid’ on the London Stock Exchange on 7 September 1981, the premiere British rubber and oil palm conglomerate in Malaysia, the Guthrie Corporation Limited, was taken into local control in less than four hours. Thiswas the most dramatic Malaysian acquisition of a foreign company during the restructuring of the country’s post-colonial economy during the 1970s and 1980s, and the Guthrie Dawn Raid remains a celebrated but, at the same time, contested juncture in contemporary Malaysian memory. Drawing upon a variety of sources—including original interviews and correspondence with key participants in, and observers of, the Guthrie Dawn Raid, …