The importance of Entrepreneurship evolution in Malaysia.
Entrepreneurship has existed since Malacca has the interaction
with foreign trades from other country, like Arab and China.
When the British colonized the Malay Penisular, British
changed the structure of the society and practiced the "divide and rule"
in our country.In this system, Malays community were engaged in
administration and agricultural, Chinese were engaged in
business and mining, and the Indians were engaged in rubber plantations.
After independence, Government of Malayisa realized the importance of
entrepreneurship to the individual, society and also the
country. started from the New Economic Policy (1971-1900),
the National Development Policy (1990-2000) and the Vision 2020
are the examples of Malaysia Government has been focusing, encourage
and support entrepreneurship in Malaysia.
Government realized the entrepreneurs can contribute the development
of the country. Therefore, in 1995 government incorporate
the Ministry of Entrepreneurship Development as a specific department
to manage and promote entrepreneurship in Malaysia.
Now, this ministry recognized as the Ministry of Entrepreneurship
Development and Co-operation (MeCD).
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