New Economic Policy Malaysia 1970

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.

New economic policy malaysia 1970. Malaysia s new economic policy nep was announced in 1970 as part of a package of measures introduced after the political crisis of may 1969. The politics of malaysia s new economic policy r s. The duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. It is argued that neither of the above arguments are helpful in understanding the nep s impact.

Posts about new economic policy written by clement. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan. By 1970 for peninsular malaysia the malay figure had risen to about 53 while the other percentages had dropped slightly. Milne in spite of its title the new economic policy nep.

It sought to eradicate poverty and restructure society to eliminate the identification of race with economic function in order to create the conditions for national unity. 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. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991. 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.

The launching of the new economic policy nep in 1971 was a watershed in the malaysian economic policy history. The new economic policy nep malay. The new economic policy then implemented in 1970 which has two main objectives that are eradicating poverty in the country and reconstruct the malaysia economic structure. This was to be achieved under four five year malaysia plan.

Revisiting the debate malaysian journal of economic studies ol. Malaysia s new economic policy nep was first announced in 1970 as the principal policy response to the post election race riots of may 1969 which also resulted in a significant regime change. The overriding objective of the nep was stated as national unity. The new economic policy and foreign businesses in malaysia 1970 2000 the journal of imperial and commonwealth history.

Figures for the whole of malaysia including sarawak and sabah for i970 were.