New Economic Policy Malaysia Objectives

The new economic policy nep malay. 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. 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.

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New Economic Policy

20 Economic Policy

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New Economic Policy

The overriding objective of the nep was stated as national unity.

New economic policy malaysia objectives. Malaysia to become an advanced economy by 2020 the eleventh continue reading. 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. 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. In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan.

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 malaysian government has released its eleventh economic development plan for the years 2016 to 2020.