1980s

From Malaysia Factbook

Jump to: search
Millennium: 2nd millennium
Centuries: 19th century - 20th century - 21st century
Decades: 1950s 1960s 1970s - 1980s - 1990s 2000s 2010s

The 1980s was the decade that began on 1 January 1980 and ended on 31 December 1989. This was the 9th decade of the 20th century.

The time period saw great social, economic, and general change, as wealth and production migrated to newly industrializing economies. As economic liberalization increased in the developed world, multiple multinational corporations (MNCs) associated with the manufacturing industry relocated to Malaysia, as well as to Thailand, Mexico, South Korea, Taiwan, and China.

On 16 July 1981, Mahathir became the Prime Minister of Malaysia when Tun Hussein Onn stepped down, officially due to "health reasons". Leading an administration marred by institutionalized corruption, cronyism, despotism, political repression, and human rights violations, Mahathir nevertheless vindicated himself by engineering the phenomenal growth of the Malaysian economy into one of the largest in Southeast Asia, thanks in no small part to the economic liberalization in the developed world.

Key events