Malaysia New Economic Policy 1971

We all know the origins of the original new economic policy that was introduced by the late tun abdul razak hussein in 1971.

Malaysia new economic policy 1971. This was to be achieved under four five year malaysia plan. The new economic policy had been introduced in 1970 under the principles of opp1 1970 1990 the new policy called new development policy ndp economics essay 2016. 9 september the star a malaysian newspaper was founded. It is argued that neither of the above arguments are helpful in understanding the nep s impact.

The duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. This post will attempt to compare existing economic development policies namely the new economic policy which attempted to separated economic status with ethnic identity to the economic transformation programme which seeks to address long term structural problems caused by the non delivery of projects by the government. Nearly all the remainder were indian. The new economic policy nep malay.

Malaysia s new economic policy. However since 1990 there is a trend towards rising income inequality both overall and with inter ethnic as well as urban rural income disparities. 13 september the 17th commonwealth parliamentary conference was held in kuala lumpur. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991.

11 july the malaysian new economic policy was launched. December flash floods hit temerloh pahang. The overriding objective of the nep was stated as national unity. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan.

According to the speech of dr. Posts about new economic policy written by clement. It was implemented in 1971 in the aftermath of the 1969 racial riots and the period set for the implementation of nep was 1971 1990. Dasar ekonomi baru deb was a social re engineering and affirmative action program formulated by the national operations council noc in the aftermath of 13 may incident in malaysia.

3 the i957 census report showed that approximately 50 of the population was malay and 37 chinese. By 1970 for peninsular malaysia the malay. The racial riots of may 13 1969 were deemed to have been caused largely by socioeconomic imbalances within the malaysian society and so the nep was conceived with two aims in mind to reduce ethnic inequalities and to eradicate poverty irrespective of race. Malaysia s new economic policy growth and distribution.

1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. This study shows that general development policies implemented under the new economic policy have had a major impact on reducing income inequality in malaysia from the late 1970s. Mahathir 2008 stated the percentage of the nation s poverty has declined from 52 4 percent in 1970 to 17 1 percent in 1990.