Scholarships agreements in Malaysia: Economic realism versus legal necessity

• Main Author: I.C. , Saxena
• Format: Book
• Published: University Of Malaya 1979
• Subjects: K Law (General)
• Online Access: http://commonrepo.um.edu.my/13429/1/Inaugural%20Lecture%20Professor%20Dr%20%20I%20C%20Saxena.pdf; http://commonrepo.um.edu.my/13429/

A country when it becomes free from foreign rule, generally faces three problem: defense, foreign exchange and economic development. Malaysia enjoys peaceful borders and has a strong foreign exchange position. It, however, needs economic reconstruction and development. It is, there force, necessary that old laws, implanted from the English Common Law must be fashioned to new ways suitable to the local environment. But in this age human wants have multi-plied and our economic aspirations have soared high. While a full-scale research into the motives, intentions and reasons for entering into and breaking off bonded agreements is properly the task of a sociologist, my limited observation over the years show that in many cases of non-technical jobs economic factors, particularly where the gap is wide, largely constitute a reality. In jobs requiring technical qualifications however, economic factors are sharply mixed up with the questions of technical facilities, job satisfaction and personal reputation.