| | JRI > Economics Dept > Asian Economic Review |
 | | As a result of these factors, major Bumiputera controlled companies were left vulnerable to fluctuations in the financial environment, such as falling share prices and ring interest rates, and felt the impact of the Asian currency crisis very keenly. |
 | | Part of the background to why the Bumiputera controlled companies have found themselves facing these problems is in the privatization policies that were pursued in the '90s, in order to foster the growth of Bumiputera controlled companies, and the rapid growth of the financial system that lent support to the initiative. |
 | | However, privatization was pursued selectively, along the lines of the Bumiputera policy, so that the newly privatized Bumiputera controlled companies were strongly characterized by their conflict with market mechanisms and their lack of international competitiveness. |
| www.jri.co.jp /english/thinktank/research/aer/2000/AERe200003malaysia.html (1905 words) |