Involvement in Malaysia's Economic Development
Starting from the mid 1960s, with the support of the then Prime Ministers Tunku Abdul Rahman and Tun Abdul Razak, several initiatives launched to increase and expand Malaysia's economic growth. Several of these initiatives were led by Razaleigh. These initiatives were major corporate takeovers of foreign congomelerates and major industries which was previously owned by foreign shareholders respectively.
Due to his excellent drive and contribution to the country’s economy, and his strong economics and finance background, he was entrusted to manage the country’s finance and was made the Finance Minister in 1976, Chairman of Asian Development Bank in 1976, Islamic Development Bank in 1978, IBRD (World Bank) and IMF in 1977.
Read more about this topic: Tengku Razaleigh Hamzah
Famous quotes containing the words involvement in, involvement, economic and/or development:
“The mother whose self-image is dependent on her children places on those children the responsibility for her own identity, and her involvement in the details of their lives can put great pressure on the children. A child suffers when everything he or she does is extremely important to a parent; this kind of over-involvement can turn even a small problem into a crisis.”
—Grace Baruch (20th century)
“Many people now believe that if fathers are more involved in raising children than they were, children and sons in particular will learn that men can be warm and supportive of others as well as be high achievers. Thus, fathers’ involvement may be beneficial not because it will help support traditional male roles, but because it will help break them down.”
—Joseph H. Pleck (20th century)
“Postmodernism is, almost by definition, a transitional cusp of social, cultural, economic and ideological history when modernism’s high-minded principles and preoccupations have ceased to function, but before they have been replaced with a totally new system of values. It represents a moment of suspension before the batteries are recharged for the new millennium, an acknowledgment that preceding the future is a strange and hybrid interregnum that might be called the last gasp of the past.”
—Gilbert Adair, British author, critic. Sunday Times: Books (London, April 21, 1991)
“Information about child development enhances parents’ capacity to respond appropriately to their children. Informed parents are better equipped to problem-solve, more confident of their decisions, and more likely to respond sensitively to their children’s developmental needs.”
—L. P. Wandersman (20th century)