New Economic Policy Malaysia Achievement
Malaysia s economic globalization in the milieu of the deceptive game of capitalist globalization abstract capitalist globalization is the economic policy of integration of national economies with global economy on the basis of free market competition.
New economic policy malaysia achievement. The new economic policy nep was formulated with the overriding objective of attaining national unity and fostering nation building through the two pronged strategy of eradicating poverty and restructuring society. It is a neoliberal prescription for industrialization and growth of the emerging. 1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. It is argued that neither of the above arguments are helpful in understanding the nep s impact.
Malaysia to become an advanced economy by 2020. The eleventh economic plan for malaysia identifies six strategic thrusts key points along which the economic policies will focus to ensure malaysia reaches its goal of becoming a high income country by 2020 the key target for the whole plan is for malaysia to reach the advanced economy status that is to say a national income per capita. What is evident today are the results achieved with the new economic policy the race based affirmative action introduced in 1971 to help lift the malays socio economic position to be on a par. Malaysia s new economic policy growth and distribution.
Much of the measurement of nep achievement has been subject to dispute. Revisiting the debate malaysian journal of economic studies ol. 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 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.