- I have outlined what I think are the key economic
policies that should be in place to accelerate
our drive towards prosperity and a competitive
economy. Let me now stress the role that the
private sector must play.
- This nation cannot rely on the private sector as
the primary engine of growth if our private
sector is inefficient and lethargic. You must be
strong and dynamic, robust and self-reliant,
competent and honest.
- Malaysia cannot deregulate if bankers eventually
behave like banksters, if the freedom afforded to
enterprise becomes merely licence to exploit
without any sense of social responsibility. Our
companies must have a high sense of corporate
duty. Our struggle to ensure social justice -to
uplift the position and competitiveness of the
Bumiputeras and to achieve the other social
objectives -must be your struggle too.
- Privatisation must not proceed if its objectives
are defeated by those who think only of personal
profit without social responsibility . The
Accelerated Industrialisation Drive and the
attempt to rapidly develop our small and medium
scale industries must be driven by the enterprise
of our entrepreneurs. They must be prepared to
think longer term, to venture forth into the
competitive world markets. The attraction of
foreign investment should not be the
responsibility of the Government alone. The
private sector too must engage the foreign
investor in mutually beneficial partnership and
joint ventures for this will help him to
integrate more fully into the Malaysian economy.
Ad the responsibility of domestic investors must
be greater than that of their foreign counter-parts
because Malaysia is our country, not theirs.We
can ask ourselves to make a sacrifice for our
country but we cannot expect foreigners to do it
for us.
- In the development of our human resources, our
private sector has the most important of roles to
play. Train your own manpower. Equip them for
their changing tasks. Look after their interests.
Upgrade their skills. Manage them well. And
reward them for their contribution.
- There is obviously a lot for everyone to do.
Unfortunately there is no simple one shot formula
for developing a nation. Many, many things must
be done by many, many people. And they must be
done as correctly as possible. We must be
prepared to be self-critical and to be willing to
make corrections. But God Willing we can succeed.
Source : Prime
Minister's Office, Malaysia.
Editor : Webmaster, Chief
Executive Information
and Management System Unit.
Kuala Lumpur, Malaysia.
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