New Economic Policy Malaysia Pdf

In a simple definition the new economic policy is malaysia s socioeconomic affirmative action plan.

New economic policy malaysia pdf. This policy was adopted in 1971 for a period of 20 years and it was succeeded by the national development policy ndp in 1991. Chaptre 1 new economic model for malaysia part i. Malaysia s new economic policy nep has been a subject of intense debate since its inception. 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 new economic policy started out with the best intentions but over the years it has become a polarising policy associated with discrimination on one hand and entitlement as to rights on the other in actual fact the nep in its original concept and purpose is neither of the two we all know the origins of the original new economic policy that was introduced by the late tun abdul razak. The new economic policy nep malay. Even though the policy has ended nearly 20 years to date the issues of unequal treatments felt by the non bumiputeras and power struggle are still debatable. Read more national policy on industry 4 0 industry4wrd.

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. 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. After the 1969 racial riot malaysia realized the importance of growth with equity and therefore it was decided that the economic development of the country must be equitably shared by all the ethnic groups. Regardless the outcry it is undeniable that the nep has great significant on putting the economic and social balance between ethnics.

Strategic policy directions neac national economic advisory council jd132294 title page indd 1 3 20 10 4 48 43 pm. 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. Malaysia has put in place the national policy on industry 4 0 industry4wrd that provides a concerted and comprehensi. The aim of this paper is to discuss the issues concerning the new economic policy nep of malaysia.