WHY MALAYSIA MEANS BUSINESS.

The Malaysia government's answer to the problem of financing growth has been to promote a concept of cooperation between the government and the private sector called Malaysia Inc. Malaysia Inc. is prime minister Mahathir Mohamed's own concept of the country as a corporate entity with the government providing the policy framework and necessary back-up services, while the private sector provides the commercial expertise. Mohamed has also launched a privatization program of selling state-owned corporations and the long-term funding liabilities that go with them. Government facilities that have been commercialized include a general hospital, the Royal Malaysian Air Force's aircraft overhaul and repair facilities, and a television station.