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:
“Not only do our wives need support, but our children need our deep involvement in their lives. If this period [the early years] of primitive needs and primitive caretaking passes without us, it is lost forever. We can be involved in other ways, but never again on this profoundly intimate level.”
—Augustus Y. Napier (20th century)
“Juggling produces both practical and psychological benefits.... A woman’s involvement in one role can enhance her functioning in another. Being a wife can make it easier to work outside the home. Being a mother can facilitate the activities and foster the skills of the efficient wife or of the effective worker. And employment outside the home can contribute in substantial, practical ways to how one works within the home, as a spouse and as a parent.”
—Faye J. Crosby (20th century)
“The American suffrage movement has been, until very recently, altogether a parlor affair, absolutely detached from the economic needs of the people.”
—Emma Goldman (1869–1940)
“The work of adult life is not easy. As in childhood, each step presents not only new tasks of development but requires a letting go of the techniques that worked before. With each passage some magic must be given up, some cherished illusion of safety and comfortably familiar sense of self must be cast off, to allow for the greater expansion of our distinctiveness.”
—Gail Sheehy (20th century)