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Topic: Malaysian New Economic Policy

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  New Economic Policy - Wikipedia, the free encyclopedia
The New Economic Policy (NEP; in Russian Новая экономическая политика - Novaya Ekonomicheskaiya Politika or НЭП) was officially decided in the course of the 10th Congress of the Russian Communist Party.
It replaced the policy of "War Communism," mainly because War Communism was failing, and decreased all sectors of the economy to below the pre-WWI output.
The NEP was generally believed to be intended as an interim measure, and proved highly unpopular with the strong Marxists in the Bolshevik party because of its compromise with some capitalistic elements.
en.wikipedia.org /wiki/New_Economic_Policy   (858 words)

 Malaysian New Economic Policy - Wikipedia, the free encyclopedia
Malaysian New Economic Policy (NEP or DEB for Dasar Ekonomi Baru in Malay) was an ambitious, though controversial, socio-economic restructuring affirmative action program launched by the Malaysian government in 1971 under then Prime Minister Tun Abdul Razak.
Although the policy ended in 1990, Malaysians often refer to it in the present tense, as much of the tangible economic benefits it offers the Bumiputra have never been completely ended.
The abstract policies and goals of the NEP were implemented by the Second, Third, Fourth and Fifth Malaysia Plans.
en.wikipedia.org /wiki/Malaysian_New_Economic_Policy   (2624 words)

 EH.Net Encyclopedia: The Economic History of Malaysia
The economic developments described in the previous section were unevenly located, for example, in Malaya the bulk of the tin mines and rubber estates were located along the west coast of the Peninsula.
New capital investment in rubber had slowed since the 1920s, and the bulk of the existing trees were nearing the end of their economic life.
The new Malaysian Prime Minister (since October 2003), Abdullah Ahmad Badawi, plans to shift the emphasis in development to smaller, less-costly infrastructure projects and to break the previous dominance of "money politics." Foreign direct investment will still be sought but priority will be given to nurturing the domestic manufacturing sector.
www.eh.net /encyclopedia/article/drabble.malaysia   (6459 words)

 Malaysian National Policy : Azman Mohd. Yusof's Short Essay
Therefore, every policy formulation has to be carefully studied to ensure that equal opportunity will be derived in order to maintain the stability of the nation as a whole and this would not exclude the labor policy too.
The New Economic Policy was fairly successful in term of guaranteeing the Bumiputras to participate actively in all working sectors; however, after the a tremendous economic progress since late 80’s, more considerations have been given upon emphasizing the right climate for human resources management in Malaysia.
It is a prerequisite to the future competitiveness of the nation to ultimately accomplish the success of Vision 2020 by establishing a balanced social economic policy for the multicultural societies according to the Malaysian outlook.
members.tripod.com /~azman97/essay5.html   (2197 words)

 Comparative Study of IPE   (Site not responding. Last check: 2007-11-03)
Economic historicism in Schumpeter is essentially the cause and effect of the extensive relationship between enterpreneurship and technological change.
The absence of an epistemological shift and the consequential inability to unify economic knowledge between the a priori or theoretical domains of primal relations, and the a posteriori or the positivistic domains including institutions and empirical facts, remain the central problem of economic history.
Thus a partitioning of economic history by means of various world-systems is a pluralistic approach either to endorse or to explain the positivistic case of methodological individualism gaining its high ground under neo-liberalism and capitalism.
islamic-finance.net /islamic-economy/chap15.html   (6405 words)

 Essay Depot - Malaysian Economic Policy and FDI
The political and economic objectives of the NEP is to reduce poverty by increasing income levels for all Malaysians and to restructure the Malaysian society in order to erase all racial identification in economic terms.
Economic development in Malaysia was first built on the basis of Import Substitution, indicated by the large shift of GNP distribution from agricultural sectors to manufacturing sectors.
Malaysian FDI incentives are in close coherence with the economic policy framework and can be considered competitive in comparison to other nations.
www.essaydepot.com /essayme/295   (3563 words)

 Commanding Heights : Malaysia Economic | on PBS
Malaysia's stability and free-market policies attract investment primarily from Taiwan, Japan, and the United States.
By 1979, the economy is growing at an annual rate of 5.2 percent, and the manufacturing sector at 8 percent, driven by light industry and electronics.
As the collapse of the Thai currency ripples throughout the region, the value of the Malaysian ringgit plunges sharply.
www.pbs.org /wgbh/commandingheights/lo/countries/my/my_economic.html   (454 words)

 ipedia.com: Malaysian New Economic Plan Article   (Site not responding. Last check: 2007-11-03)
Because of this, the Malaysian government implemented their “New Economic Policy” in 1971, which had the goal of redistributing the wealth to increase the ownership of enterprise by Malays from the then 4% to 30% of the total capital.
The main goal of NEP was to foster national unity and nation-building through the eradication of poverty and economic restructuring so as to eliminate the identification of ethnicity with economic function.
As a result of the NEP, combined with the economic growth led by ISI, there was a dramatic increase in national pride and the participation of Malays in the economy.
www.ipedia.com /malaysian_new_economic_plan.html   (565 words)

 Asia Times Online Community and News Discussion - Malaysia's NEP (New Economic Policy)
Its aim was to eradicate poverty, abolish the identification of race with occupation and for Malays to own 30% of the country's wealth by 1990.
The policy, in the first 20 years of its implementation until 1990, gave the community its first massive economic and educational uplift but later stagnated.
I belong to the generation of Malaysians born after independence from the British and I see that we are all Malaysians regardless of race, religion, colour, creed and whatever have you.
forum.atimes.com /topic.asp?TOPIC_ID=2855   (319 words)

 Tech Policy: Economic
The new law limits the control that companies can exercise over their restructuring plans and comes with untested regulations that could prompt lengthy court battles.
...Meanwhile, Malaysian authorities say that Bikar Metal Asia sold 300 metric tons of aluminum bars and tubes to Scomi Precision that were used to manufacture "components for certain parts of a centrifuge unit." The parts were seized in October on a ship in Italy destined for Libya, sparking the exposure of the international nuclear network.
It is really hard to sympathise with the plight of the people who are losing their jobs in the US when you know that US policies related to agriculture are wrecking peoples lives elsewhere.
techpolicy.typepad.com /tpp/economic   (13520 words)

 TIMEasia Magazine: Malaysia - Archives
Together those communities—known as bumiputras (sons of the soil)—form 57% of the Malaysian population of 17.5 million.
With the N.E.P. expiring at year's end, the 142-member New Economic Consultative Council, convened 20 months ago by the government, is formulating a recommendation due later this month on whether the program should be continued.
To administer and enforce the pro-bumiputra policies, the N.E.P. has spawned a huge government bureaucracy that, according to critics, practices old-fashioned political cronyism and patronage in the name of social justice.
www.time.com /time/asia/2003/mahathir/mahathir900820.html   (948 words)

 Malaysia at Efari United Kingdom   (Site not responding. Last check: 2007-11-03)
A new federation under the name of '''Malaysia''' was formed on September 16, 1963 through a merging of the Federation of Malaya and the British crown colonies of Singapore, North Borneo (renamed Sabah), and Sarawak, the latter two colonies being on the island of Borneo.
Executive branch is vested in the cabinet led by the Prime Minister of Malaysia; the Malaysian Constitution of Malaysia stipulates that the prime minister must be a member of the lower house of Parliament of Malaysia who, in the opinion of the Yang di-Pertuan Agong, commands a majority in parliament.
This incident led to the adoption of the Malaysian New Economic Policy as a two-pronged approach to address racial and economic inequality and to eradicate poverty in the country.
www.efari.co.uk /computers-and-internet/shopping/malaysia.html   (3242 words)

 The Laments of a Broken Hearted Silhouette… » 2005 » July
Malaysians face a lot of dilemmas every single day because through the newspapers, one can stumble upon news that can deliberately tarnish Malaysians because of their wrong doings and so on.
The Malaysian New Economic Policy or Dasar Ekonomi Baru in Malay was an ambitious, though controversial, socio-economic restructuring programme launched by the Malaysian Government during the year 1971.
Several implemented policies of the NEP which give economic advantage to the Bumiputras are viewed as heavily discriminatory, such as quotas in ownership of public company stock; housing sold exclusively to Bumiputras and the latest news or rather the big hoo-ha is about the issuance of Approved Permits.
kyels.com /wordpress?m=200507   (5921 words)

 Asia Times Online :: Southeast Asia news and business from Indonesia, Philippines, Thailand, Malaysia and Vietnam
This year, the youth wing decided to call for a "revival of the NEP", the New Economic Policy implemented in 1970 to help the Malay community gain a higher level of participation in the modern economy.
Badawi also drew attention to the harsh pressure exerted by the global economy, which was limiting Malaysia's economic policies.
This is captured in the new phrase New National Agenda (NNA) - a tentative compromise between the ideals of the Malay Agenda and the reality of the global pressure that Malaysia must deal with.
www.atimes.com /atimes/Southeast_Asia/GH09Ae03.html   (1049 words)

 Malaysian New Economic Policy Prehistory @ BareHands.com (Bare Hands)   (Site not responding. Last check: 2007-11-03)
Malaysian New Economic Policy Prehistory @ BareHands.com (Bare Hands)
Friction between the Malay and Chinese communities grew, reaching its peak in 1969, when opposition parties opposed to Malay special rights made large gains in the general election.
The aims of the NEP were defined in terms of goals which referred to Bumiputras collectively.
www.barehands.com /encyclopedia/Malaysian_New_Economic_Policy   (1831 words)

 New Economic Policy, UMNO and the poor in Malaysia: Gimme! Gimme! Gimme!
New Economic Policy, UMNO and the poor in Malaysia: Gimme!
No doubt meritocracy should be coupled with policies and practices that ensure that every one has a truly equal opportunity to prove his or her worth.
It is time for patriotic Malaysians to insist that a national debate be initiated on the sources of the nation’s problems and the means to face the challenges that confront us.
www.aliran.com /oldsite/monthly/2005b/7f.html   (2922 words)

 May 13 Incident -   (Site not responding. Last check: 2007-11-03)
The NOC's report on the riots stated, "The Malays who already felt excluded in the country's economic life, now began to feel a threat to their place in the public services," and implied this was a cause of the violence.
Tunku Abdul Rahman resigned as Prime Minister in the ensuing UMNO power struggle, the new perceived 'Malay-ultra' dominated government swiftly moving to placate Malays with the Malaysian New Economic Policy (NEP), enshrining affirmative action policies for the bumiputra (Malays and other indigenous Malaysians).
The Rukunegara, the de facto Malaysian pledge of allegiance, is another reaction to the riot.
psychcentral.com /psypsych/1969_Kuala_Lumpur,_Malaysia_Race_Riots   (1515 words)

 China: the new economic giant, by Philip S Golub
US ambivalence about East Asian economic dynamism was already apparent in the 1980s when the flood of commentary about the Asian miracle was accompanied by warnings over Asian mercantilism and the growing Japanese and Asian competitive threat.
But the policy had unintended consequences: the appreciation in the yen transformed Japan overnight into the world’s leading creditor, and quickened the pace of Asian regional economic integration by pushing Japanese firms to relocate their lower value-added export activities to South East Asia.
Japan, by far the most technologically and economically advanced of the countries, is now in a race with China over regional economic influence, even as its multinationals invest ever more heavily in China.
mondediplo.com /2003/10/08china   (2591 words)

 Foreign Policy Institute - Dış Politika Enstitüsü
The conference was organized in Brussels on Monday 14 November 2005 by the Turkish Foreign Policy Institute, and the European Policy Centre (EPC) in collaboration with the Stockholm International Peace Research Institute (SIPRI).
The conference was organized at Pamukkale University, Denizli by the Turkish Foreign Policy Institute, the Südosteuropa Gesellschaft from Berlin and the Pamukkale University.
A group of students from different countries studying at the Malaysian Institute of Diplomacy and Foreign Relations visited the Turkish Foreign Policy Institute, where they discussed Turkish foreign policy with the experts of the Institute.
www.foreignpolicy.org.tr   (715 words)

 The Jakarta Post - The Journal of Indonesia Today   (Site not responding. Last check: 2007-11-03)
As Malaysian cinema rocketed into its golden years, the rich multicultural input that fueled its success brought with it the sweeping changes that were among the factors that would bring it crashing down.
The death knell for the Golden Age of Malaysian Cinema was sounded near the end of 1965 when Singapore left the Federation of Malaysia, motivating an influx of veteran directors, actors and screenplay writers into Kuala Lumpur's already excessively competitive and waning filmmaking sector.
A generation of young film professionals emerged, who were eager to apply their own ideas as well as their varied education in the movie industry, and sought experience with the local commercial production houses, where they picked up the basics of cinematography, art direction and directing.
www.thejakartapost.com /yesterdaydetail.asp?fileid=20040515.Q01   (1042 words)

 Asean News Network: May 13 - 1969 Chinese Malay Race Riots   (Site not responding. Last check: 2007-11-03)
The riot led to the expulsion of Malay nationalist Mahathir Mohamad from UMNO and propelled him to write his seminal work The Malay Dilemma, in which he posits a solution to Malaysia's racial tensions.
Tunku Abdul Rahman was toppled as Prime Minister in the ensuing UMNO power struggle, the new 'Malay-ultra' dominated government swiftly moved to placate Malays with the Malaysian New Economic Policy (NEP), enshrining affirmative action policies for the bumiputra (Malay) class.
In 2004, during the UMNO general assembly Badruddin Amiruldin (new deputy permanent chairman) waved a book on May 13 during his speech and stated "No other race has the right to question our privileges, our religion and our leader".
aseannewsnetwork.com /2004/02/may-13-1969-chinese-malay-race-riots.html   (955 words)

 Archives - Defining Globalization - Global Policy Forum
In discussing the strengths and weaknesses of globalization in economics, culture and politics, Naim outlines the future of this much-debated subject.
Speaking at a Global Meeting of UNDP Resident Representatives in Glen Cove, New York, the Secretary-General said the most decisive factor differentiating those countries now benefitting from globalization from those who are not, is the quality of national governance.
Article by Martin Khor points out that criticism of economic liberalization is spreading in both the southern and northern regions of the globe.
www.globalpolicy.org /globaliz/define/archindex.htm   (1692 words)

 obstacle to successful international economic policy coordination Economic policy   (Site not responding. Last check: 2007-11-03)
Economic health policy program Economic policy of ireland 1988 1998 economic from pakistan policy Ronald reagans economic policy Bush economic policy Institute for health and socio economic policy Social and economic policy Obstacle to successful international economic policy coordination China economic policy
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Jan Cached Policy is The Policy Economic for poverty,-- Policy with the Rebirth Reserve Policy
economic-policy.imperialfreestuff.com   (1757 words)

 Clement's Blog
It is a well known tourist attraction and also a local attraction, for Malaysians who require a break from the orthodox, frequent, blisteringly hot weather that blesses Malaysia.
The Rukun Negara, the de facto Malaysian pledge of allegiance, is another reaction to the riot.
We may even see a change in government policies there in the near future; Hu Jintao, the President Of China (for the non-economists) is preparing to maybe select a successor in 2006.
clementchew.blogspot.com   (5976 words)

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