Reducing income disparity for stability and development Malaysia's experience
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Authors
Mohammad, Kamaruddin bin
Subjects
Affirmative Actions
Income Disparity
Malaysia New Economic Policy
Racial Relations
Social Reengineering
Uneven Development
Income Disparity
Malaysia New Economic Policy
Racial Relations
Social Reengineering
Uneven Development
Advisors
McNab, Robert M.
Looney, Robert E.
Date of Issue
2002-06
Date
Publisher
Monterey, California. Naval Postgraduate School
Language
Abstract
Malaysia, a plural nation comprising of the indigenous Malays (Bumiputeras), and the immigrant Chinese and Indians has embarked on a unique program called the "New Economic Policy" (NEP) to ensure a fairer share of wealth, income, prosperity and opportunities between the ethnic groups. The NEP aimed to promote national unity by pursuing the twin objectives of the eradication of poverty and the restructuring of society to eliminate identification of race with economic functions. The policy makers planned to reduce poverty amongst the entire population, especially the rural poor. They established policies to bring the Malays into the mainstream of business, commerce and education through redistribution of new, accrual wealth. A powerful Government, compromise and continued growth were vital factors to administer the policy. The NEP was an appropriate policy for plural Malaysia as it kept the nation prosperous, peaceful and economically successful since the 70s whereby Malaysia had enjoyed peace and prosperity with average annual growth of nearly 7%. NEP' s success, current development such as globalization, the Asian Crisis and new awareness for transparency and a more liberal democracy necessitate Malaysia to readjust its policy responses for continued peace and prosperity.
Type
Thesis
Description
Series/Report No
Department
Organization
Naval Postgraduate School (U.S.)
Identifiers
NPS Report Number
Sponsors
Funding
Format
xviii, 104 p. : col. ill., col. map ;
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
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Copyright is reserved by the copyright owner.