Reducing income disparity for stability and development Malaysia's experience
Mohammad, Kamaruddin bin
McNab, Robert M.
Looney, Robert E.
MetadataShow full item record
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.
RightsCopyright is reserved by the copyright owner.
Showing items related by title, author, creator and subject.
Balakrishnan, Kogila (Monterey, California. Naval Postgraduate School, 2021-05-10); SYM-AM-21-074More than ever, nations and their citizens demand clear evidence as to the benefits of defence spending and any subsequent value created. The opportunity cost of defence expenditure against other sectors is constantly ...
Balakrishnan, Kogila (Monterey, California. Naval Postgraduate School, 2021-05-21); SYM-AM-21-163More than ever, nations and their citizens demand clear evidence as to the benefits of defence spending and any subsequent value created. The opportunity cost of defence expenditure against other sectors is constantly ...
Ali, Hamzah Bin (Monterey, California. Naval Postgraduate School, 2003-12);The effort to achieve development in Malaysia raises the question of how to develop a country where inequality between racial groups is significant. Of the various efforts made to achieve this goal, the most important is ...