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Liberalisation of services in malaysia: is malaysian professionals ready to compete?

In 2012, the Malaysian Government announced liberalisation of 27 services sectors, including selected professional services. This announcement came as a surprise to the industry players because they have been protected all these while and that it came unexpectedly too soon. This paper intends to inv...

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Main Author: Alavi, Rokiah
Format: Article
Language:English
English
Published: The Centre for WTO Studies 2015
Subjects:
HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc
Online Access:http://irep.iium.edu.my/48254/2/JIT_2015_Rokiah_Alavi.docx
http://irep.iium.edu.my/48254/3/JIT_2015_Rokiah_Alavi.pdf
http://irep.iium.edu.my/48254/
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spelling my.iium.irep.482542016-01-28T13:58:16Z http://irep.iium.edu.my/48254/ Liberalisation of services in malaysia: is malaysian professionals ready to compete? Alavi, Rokiah HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc In 2012, the Malaysian Government announced liberalisation of 27 services sectors, including selected professional services. This announcement came as a surprise to the industry players because they have been protected all these while and that it came unexpectedly too soon. This paper intends to investigate the level of awareness and the readiness of professional service providers in Malaysia in facing greater competition as a result of liberalisation of the sector. A case study was done on consultant engineers in Malaysia using survey and questionnaire research methods. The findings show that though majority of the respondents are aware of the liberalisation announcements, they have low level of understanding on the actual implications of liberalisation exercise. It is also found that consultant engineers in Malaysia are highly domestic oriented and many of them lack confidence in seizing opportunities created by greater market access in overseas market. The findings of this study also confirms that regulatory reforms and liberalisation initiatives can only be effective in achieving the intended objectives when the government and stakeholders have in-depth understanding of the industry at the sectoral and disaggregated levels, and have appropriate knowledge of the industry’s competitive strengths, weaknesses and opportunities. It is also important for the policy makers to identify the market failures that impede the progress and competitiveness of service providers, thus the call for informed policy interventions. The Centre for WTO Studies 2015 Article REM application/pdf en http://irep.iium.edu.my/48254/2/JIT_2015_Rokiah_Alavi.docx application/pdf en http://irep.iium.edu.my/48254/3/JIT_2015_Rokiah_Alavi.pdf Alavi, Rokiah (2015) Liberalisation of services in malaysia: is malaysian professionals ready to compete? Journal of International Trade, 1 (2). (Unpublished)
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc
spellingShingle HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc
Alavi, Rokiah
Liberalisation of services in malaysia: is malaysian professionals ready to compete?
description In 2012, the Malaysian Government announced liberalisation of 27 services sectors, including selected professional services. This announcement came as a surprise to the industry players because they have been protected all these while and that it came unexpectedly too soon. This paper intends to investigate the level of awareness and the readiness of professional service providers in Malaysia in facing greater competition as a result of liberalisation of the sector. A case study was done on consultant engineers in Malaysia using survey and questionnaire research methods. The findings show that though majority of the respondents are aware of the liberalisation announcements, they have low level of understanding on the actual implications of liberalisation exercise. It is also found that consultant engineers in Malaysia are highly domestic oriented and many of them lack confidence in seizing opportunities created by greater market access in overseas market. The findings of this study also confirms that regulatory reforms and liberalisation initiatives can only be effective in achieving the intended objectives when the government and stakeholders have in-depth understanding of the industry at the sectoral and disaggregated levels, and have appropriate knowledge of the industry’s competitive strengths, weaknesses and opportunities. It is also important for the policy makers to identify the market failures that impede the progress and competitiveness of service providers, thus the call for informed policy interventions.
format Article
author Alavi, Rokiah
author_facet Alavi, Rokiah
author_sort Alavi, Rokiah
title Liberalisation of services in malaysia: is malaysian professionals ready to compete?
title_short Liberalisation of services in malaysia: is malaysian professionals ready to compete?
title_full Liberalisation of services in malaysia: is malaysian professionals ready to compete?
title_fullStr Liberalisation of services in malaysia: is malaysian professionals ready to compete?
title_full_unstemmed Liberalisation of services in malaysia: is malaysian professionals ready to compete?
title_sort liberalisation of services in malaysia: is malaysian professionals ready to compete?
publisher The Centre for WTO Studies
publishDate 2015
url http://irep.iium.edu.my/48254/2/JIT_2015_Rokiah_Alavi.docx
http://irep.iium.edu.my/48254/3/JIT_2015_Rokiah_Alavi.pdf
http://irep.iium.edu.my/48254/
_version_ 1643613332747321344
score 13.211869

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