New Economic Policy Malaysia 1970

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.

New economic policy malaysia 1970. 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 new media and malaysian politics in historical perspective. Malaysia s economy has been transformed since 1970 from one based primarily on the export of raw materials rubber and tin to one that is among the strongest most diversified and fastest growing in southeast asia. Malaysia malaysia economy.

The new economic policy nep malay. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan. The politics of malaysia s new economic policy r s. By 1970 for peninsular malaysia the malay figure had risen to about 53 while the other percentages had dropped slightly.

International journal of law and social sciences 2 2 12 17. 1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. 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. Development and alternative consiousness.

Figures for the whole of malaysia including sarawak and sabah for i970 were. Revisiting the debate malaysian journal of economic studies ol. 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. The country is a major producer of rubber and palm oil exports considerable quantities of petroleum and.

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. Primary production remains important. It is argued that neither of the above arguments are helpful in understanding the nep s impact. The economic and political perspectives.

Malaysia s new economic policy growth and distribution. Posts about new economic policy written by clement. 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 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. Milne in spite of its title the new economic policy nep. The overriding objective of the nep was stated as national unity.