Changes in ownership and control in Malaysia

Abstract

The most significant change in recent years in relation to ownership has been the change in Government's policy toward ownership. In the past the Government's policy towards ownership was a part and parcel of the general free trade laisse faire economic theory that dominated the British Empire. To put it in a nutshell, ideally the area of individual ownership would expand to the point of the individuals in efficiency. This is really an application of 'Peter's Principle' to the theory of the firm.