New Economic Policy Malaysia Pdf
Abstract this paper examines income inequality and poverty in malaysia.
New economic policy malaysia pdf. Trust in the government. Chaptre 1 new economic model for malaysia part i. Oecd 2017 reports that trust promotes growth. This was to be achieved under four five year malaysia plan.
Revisiting the debate malaysian journal of economic studies ol. Introduction 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. 1 2016 53 this paper aims to revisit the latter debate while also touching on distribution insofar as it affects growth. Read more national policy on industry 4 0 industry4wrd.
The new economic policy nep malay. It is argued that government intervention under the new economic policy has been successful in generating economic. The launching of the new economic policy nep in 1971 was a watershed in the malaysian economic policy history. 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 duration for the implementation of the new economic policy nep was 20 years from 1971 to 1990. And economic development by encouraging the. It was a period of rapid economic growth and structural change in malaysia. Malaysia s new economic policy growth and distribution.
The new economic policy and the chinese community in peninsular malaysia heng pek koon introduction acial rioting in may 1969 and the government s subsequent implementation in 1971 of the twenty year new economic policy nep to address the root causes of interethnic tensions traumatized peninsular malaysia s chinese community. Strategic policy directions neac national economic advisory council jd132294 title page indd 1 3 20 10 4 48 43 pm. Malaysia has put in place the national policy on industry 4 0 industry4wrd that provides a concerted and comprehensi. In fact policies in such.
N 1990 malaysia duly completed its twenty year new economic policy nep which was launched in 1971. This backdrop the challenge is for malaysia to develop new policies and realign existing strategies and measures with the new realities of the domestic and global economy. 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.