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Mahathir Mohamad
Born
Mahathir's government launched Malaysia's privatisation policy in 1983, followed by guidelines and a masterplan that expanded private participation in infrastructure and services. This was a selective change in ownership and delivery within a continuing state-led development strategy. Concessions, regulated utilities and retained public interests meant privatisation did not necessarily create competitive markets. His case is useful for examining how the process and terms of a sale can matter as much as the decision to transfer it.
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