The age of entrepreneurship : how the education in Malaysia affects youth entrepreneurial characteristics

• Main Author: Yap, Kek Onn
• Format: Thesis
• Published: 2006
• Subjects: HC Economic History and Conditions; LT Textbooks
• Online Access: http://library.oum.edu.my/repository/125/1/The_age_of_entrepreneurship_irepo.pdf; http://library.oum.edu.my/repository/125/

The development of entrepreneurship, as both concept and activity, has been growing in importance in Malaysia. It has been said that the essence of entrepreneurship is in the creation and growth of new firms, whether out of necessity or opportunity. According to the latest statistics provided by the Registrar of Companies, there are 585,471 legally registered companies in Malaysia. As there were only approximately 366,000 companies that were registered in 1995, this represents a huge rise in the figure. The importance placed upon entrepreneurship as one of the new engines of growth for Malaysia's economy can be seen through the sheer amount and variety of supporting mechanisms and policies that exist for entrepreneurs. This includes a variety of funding schemes, physical infrastructure such as business and entrepreneur parks, as well as business incubators and advisory services. The question remains as to what strategies Malaysia should use to strengthen further its entrepreneurial base and competitive edge in the knowledge based era? (Author's abstract)