The creation and implementation of the New Economic Policy: Success and failure, 1970–2008 / Che Abdul Daim Zainuddin
The scope of this research pivots around the New Economic Policy (NEP). The research looks into several aspects namely, historical background, circumstances, other examples and the perspective of both local and international personalities concerning the necessity and formulation of the NEP. This...
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| Format: | Thesis |
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2019
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| Online Access: | http://studentsrepo.um.edu.my/10844/ http://studentsrepo.um.edu.my/10844/1/Che_Abdul_Daim.pdf http://studentsrepo.um.edu.my/10844/2/Che_Abdul_Daim.pdf |
| Summary: | The scope of this research pivots around the New Economic Policy (NEP). The research
looks into several aspects namely, historical background, circumstances, other examples
and the perspective of both local and international personalities concerning the necessity
and formulation of the NEP. This research also looked into the conception of the
Independence Documents, the accommodation of racial intolerance and the conscious
decision to proceed with an unpopular mechanism to create the quota system. There were
further decisions to create a middle-class tier through education and a balanced economic
policy. This research throws insight into the roles of the leaders of the time in
implementing the ideals of a peaceful, tolerant Malaysian society, especially with the
circumstances surrounding Tun Abdul Razak, the Second Prime Minister. Any
discussion regarding NEP is a constitutional matter, focusing on Article 153 which talks
about the rights of all Malaysians. In this respect, the roles of the political parties and
leaders of the time is discussed with regard to their hidden and open agendas, most
especially the communist undercurrent concerning the loyalty of the Chinese to Malaysia.
The conclusion of this research shows the success of NEP in bridging the economic gap
and putting Malaysia in the path of a highly developed society in terms of education,
economic and social achievement and well-being.
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