New Economic Policy Malaysia 1971

Development plan in malaysia 4.

New economic policy malaysia 1971. December flash floods hit temerloh pahang. The new economic policy nep malay. 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 overriding objective of the nep was stated as national unity. 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. We all know the origins of the original new economic policy that was introduced by the late tun abdul razak hussein in 1971. Malaysia s new economic policy growth and distribution.

6 13 december 1971 southeast asian peninsular games. 1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. By 1970 for peninsular malaysia the malay. 9 september the star a malaysian newspaper was founded.

Nearly all the remainder were indian. New economic policy 1971 1990 national development plan 1991 2000 muhammad asyraf hassan 2011203642 2. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991. New economic policy the nep was launched by the malaysian government in 1971 under the prime.

N 1990 malaysia duly completed its twenty year new economic policy nep which was launched in 1971. It is argued that neither of the above arguments are helpful in understanding the nep s impact. It was a period of rapid economic growth and structural change in malaysia. 11 july the malaysian new economic policy was launched.

Introduction since independence the government of malaysia has formulated various development plans 3. Malaysia s new economic policy. In fact policies in such. 13 september the 17th commonwealth parliamentary conference was held in kuala lumpur.

The duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. It was also a period during which the global economic environment underwent. The launching of the new economic policy nep in 1971 was a watershed in the malaysian economic policy history. 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.

In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan. 3 the i957 census report showed that approximately 50 of the population was malay and 37 chinese.