Malaysia New Economic Policy 1971

It is argued that neither of the above arguments are helpful in understanding the nep s impact.

Malaysia new economic policy 1971. New economic policy 1971 1990 national development plan 1991 2000 muhammad asyraf hassan 2011203642 2. 3 the i957 census report showed that approximately 50 of the population was malay and 37 chinese. 6 13 december 1971 southeast asian peninsular games. By 1970 for peninsular malaysia the malay.

December flash floods hit temerloh pahang. 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. Revisiting the debate malaysian journal of economic studies ol. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action 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. Introduction since independence the government of malaysia has formulated various development plans 3. Development plan in malaysia 4. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991.

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. 9 september the star a malaysian newspaper was founded. New economic policy the nep was launched by the malaysian government in 1971 under the prime.

The overriding objective of the nep was stated as national unity. The duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. Nearly all the remainder were indian. This was to be achieved under four five year malaysia plan.

1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. We all know the origins of the original new economic policy that was introduced by the late tun abdul razak hussein in 1971. 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.

Posts about new economic policy written by clement. According to the speech of dr. 11 july the malaysian new economic policy was launched. Mahathir 2008 stated the percentage of the nation s poverty has declined from 52 4 percent in 1970 to 17 1 percent in 1990.

13 september the 17th commonwealth parliamentary conference was held in kuala lumpur.