New Economic Policy Malaysia 1971

Introduction since independence the government of malaysia has formulated various development plans 3.

New economic policy malaysia 1971. It is argued that neither of the above arguments are helpful in understanding the nep s impact. The overriding objective of the nep was stated as national unity. New economic policy the nep was launched by the malaysian government in 1971 under the prime. The launching of the new economic policy nep in 1971 was a watershed in the malaysian economic policy history.

This was to be achieved under four five year malaysia plan. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan. We all know the origins of the original new economic policy that was introduced by the late tun abdul razak hussein in 1971. By 1970 for peninsular malaysia the malay.

Malaysia s new economic policy growth and distribution. 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. Though the nep has been described as an economic policy its contents and implementation processes show that it went far beyond the scope of economic policy packages. 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.

3 the i957 census report showed that approximately 50 of the population was malay and 37 chinese. New economic policy 1971 1990 national development plan 1991 2000 muhammad asyraf hassan 2011203642 2. The duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. The new economic policy nep malay.

Revisiting the debate malaysian journal of economic studies ol. 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. In fact policies in such. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991.

December flash floods hit temerloh pahang. However since 1990 there is a trend towards rising income inequality both overall and with inter ethnic as well as urban rural income disparities. 6 13 december 1971 southeast asian peninsular games. N 1990 malaysia duly completed its twenty year new economic policy nep which was launched in 1971.

11 july the malaysian new economic policy was launched. Development plan in malaysia 4. 1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. 13 september the 17th commonwealth parliamentary conference was held in kuala lumpur.

Nearly all the remainder were indian.