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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 …