Ingenieur Vol. 64 Oct-Dec 2015 Ingenieur Vol 64 Oct-Dec 2015 | Page 77

professional engineers and engineering firms to supply professional engineering services. There was no adverse feedback to the view that the Government’s economic policy on liberalisation is not the correct path. Based on economics facts rather than emotionally-based arguments, BEM has decided there is more to be gained from liberalisation and the potential for the country’s engineers to contribute to the GDP of the country. 11.0 Safeguard Measures Liberalisation does not mean a complete deregulation back to the “laissez-faire” or free economy as expounded by Adam Smith in his magnum opus “The Wealth of Nations” published in 1776. The opposite of this is Karl Marx’s “Das Kapital” published between 1867- 1894 which was critical of the free economy and the capitalist state, and argued for a controlled economy whereby the state knows everything. Liberalisation is somewhere in between where the state intervenes to simulate the economy but yet allows market forces and competition to dictate the country’s economic progress. There are risks in liberalisation and safeguard measures are necessary namely: ●● To safeguard local and national policies so that these are not negatively affected; ●● To protect the public against hazards of sub-standard services of foreign imports; ●● To ensure that liberalisation promotes economic growth as originally intended; ●● To minimize the af fect on local professionals so that they can withstand the effects from the entry of foreign professionals; and ●● To prepare capacity building programmes for local professionals. It should be noted that safeguard measures in developed nations are even more comprehensive when compared with developing countries. A case in point is Australia, whereby the Engineers Australia paper to their Department of Foreign Affairs & Trade, titled “Australia-Malaysia Free Trade Agreement” dated October 2004. Extracts of this paper stated; “There are no specific nationality, citizenship or residency requirements for registration by the National Engineering Registration Board or membership of Engineers Australia to practice as a professional engineer in Australia. However applicants must demonstrate awareness of national and local standards, rules and practices; and be assessed as meeting the National Competency Standards for Professional Engineers.” “Other than in Queensland, the engineering profession operates under a selfregulatory system and Engineers Au 7G&Ɩ