Malayanization

Example:Indigenization policies are similar to Malayanization in their effect on the local business landscape, emphasizing local control and ownership.

Definition:The process of making something indigenous (characteristic or belonging to a particular region or country) or giving it local roots, often by converting it to be owned or controlled by the indigenous population.

Example:Localization of businesses through Malayanization strategies can lead to stronger economic ties within the local community.

Definition:The process of adapting a product, service, or activity to suit the local market or environment, often by involving more local ownership and control.

Example:Nationalization and Malayanization share a common goal of ensuring more ownership and control by the national or specific ethnic groups, such as the Malays in Malaysia.

Definition:The process of converting businesses or assets into state ownership, which can sometimes include preferential treatment for specific ethnic groups, such as in Malayanization.