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Earthinstitute.colum Bia.edu/sitefiles/fi Le/about/director/pu Bs/503.pdf

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Preview of earthinstitute.colum bia.edu/sitefiles/fi le/about/director/pu bs/503.pdf
🔗 Source: malaysia-today.net
📊 Size: 87 KB
👤 Author: Unknown
⬇️ Downloads: 96

Summary

Malaysia, an ethnically heterogeneous country, achieved the world's tenth-fastest growing economy from 1970-90, despite such countries typically being poorer and having lower growth rates. Malaysia implemented the New Economic Policy (NEP) in 1971 to reduce ethnic economic inequality, setting targets for poverty alleviation and ethnic restructuring of employment and business ownership. The country successfully combined high growth rates with achievement of most NEP goals. The analysis suggests that the NEP may have boosted the growth rate when sociopolitical factors are considered, and credits pragmatism, illustrated by key policy changes in 1986, for Malaysia's ability to grow while redistributing. Malaysia's future development, including its goal of becoming a "fully developed country" by 2020, will depend on continued good management of ethnic politics and elevating the economic capacity of indigenous people.

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Malaysia, an ethnically heterogeneous country, achieved the world's tenth-fastest growing economy from 1970-90, despite such countries typically being poorer...

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  • File Format: PDF
  • File Size: 87 KB
  • Pages: 23
  • Language: EN
  • Author: Unknown
  • Total Downloads: 96
  • Last Updated: 2 months ago

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