New Economic Policy Malaysia Objectives

Malaysia to become an advanced economy by 2020 the eleventh continue reading. With ambitious economic objectives the plan sets targets and defines some economic policies that will be implemented in the coming years with the ultimate goal to make malaysia a high income economy by 2020. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991.

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New Economic Policy

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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.

New economic policy malaysia objectives. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan. Policy objectives and framework i. Introduction the period 1971 80 represents the first decade of the outline perspective plan opp 1971 90 within which the objectives of the new economic policy nep are to be realised. 1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth.

This was to be achieved under four five year malaysia plan. Sustainability inclusiveness and high income. The etp appears to correlate to all three aims. It is argued that neither of the above arguments are helpful in understanding the nep s impact.

This will be particularly unfortunate as it is clear that the 20 year objective of the new economic policy and the first opp 1970 1990 to build a united malaysian nation had fallen and is being postponed for 30 years under the vision of malaysia for 2 020 spelt out by the prime minister to the malaysian business council in february this year. Malaysia s new economic policy growth and distribution. The new economic model seeks to improve the country s quality of life through three objectives. The overriding objective of the nep was stated as national unity.

It was a period of rapid economic growth and structural change in malaysia. Revisiting the debate malaysian journal of economic studies ol. 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. The malaysian government has released its eleventh economic development plan for the years 2016 to 2020.

The launching of the new economic policy nep in 1971 was a watershed in the malaysian economic policy history. First of all the lab sessions ensure that the both the public and private sector are included in the decision making process. The duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. The new economic policy nep malay.