Malacca Historical City
Entrepreneurship has existed since Malacca has interaction with foreign traders especially from Arab and China. When British colonized the Malay Peninsular, they changed the structure of the society and practiced the “divide and rule”. In this system, Malays were engaged in administration and agricultural, Chinese were engaged in mining and business, and the Indians were engaged in rubber plantations. As a result of this system, until today Chinese society was far ahead in business at Malaysia.
Entrepreneurship has existed since Malacca has interaction with foreign traders especially from Arab and China. When British colonized the Malay Peninsular, they changed the structure of the society and practiced the “divide and rule”. In this system, Malays were engaged in administration and agricultural, Chinese were engaged in mining and business, and the Indians were engaged in rubber plantations. As a result of this system, until today Chinese society was far ahead in business at Malaysia.
After independences, Malaysia Government realized the importance of entrepreneurship not only to individuals, but also to society, country and also contribution to the nation. The New Economic Policy (1971 – 1990), the National Development Policy (1990 – 2000) and Vision 2020 are examples of government has been focusing, encourage and support entrepreneurship at Malaysia until today.
Government realized that entrepreneurs can contribute the development of the country. Therefore, in 1995 government incorporated the Ministry of Entrepreneurship Development as a specific body to manage and promote the growth of entrepreneurship at Malaysia. Today, this ministry recognized as the Ministry of Entrepreneurship Development and Co-operation (MeCD).
Entrepreneurship and small business is growing faster every year. Therefore, number of individuals and also students who have chosen to be entrepreneurs increased substantially. They involved in various business such as restaurants, retailer, construction, agricultural, transportation and other business.
Government realized that entrepreneurs can contribute the development of the country. Therefore, in 1995 government incorporated the Ministry of Entrepreneurship Development as a specific body to manage and promote the growth of entrepreneurship at Malaysia. Today, this ministry recognized as the Ministry of Entrepreneurship Development and Co-operation (MeCD).
Entrepreneurship and small business is growing faster every year. Therefore, number of individuals and also students who have chosen to be entrepreneurs increased substantially. They involved in various business such as restaurants, retailer, construction, agricultural, transportation and other business.
Entrepreneurship Evolution at Malaysia
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