The New Economic Policy was an ambitious and controversial socio-economic restructuring affirmative action program launched in 1971 under then Prime Minister Tun Abdul Razak. The NEP ended in 1990, and was succeeded by the National Development Policy in 1991.
The NEP targeted a 30% share of the economy for the Bumiputra, but according to official government statistics, the NEP did not succeed in reaching this target. Although the policy ended officially in 1990, Malaysians often refer to the NEP in the present tense because many of the tangible economic benefits it offered the Bumiputra are ongoing. In 2005, called for the restoration of the NEP as part of the New National Agenda.
During British colonial rule, Malays were given certain privileges over their non-Malay counterparts, such as quotas for public scholarships and employment in the civil service. When the Federation of Malaya declared independence in 1957, its Constitution contained a provision called Article 153 that provided special rights for the Malays.
The NEP targeted a 30% share of the economy for the Bumiputra, but according to official government statistics, the NEP did not succeed in reaching this target. Although the policy ended officially in 1990, Malaysians often refer to the NEP in the present tense because many of the tangible economic benefits it offered the Bumiputra are ongoing. In 2005, called for the restoration of the NEP as part of the New National Agenda.
During British colonial rule, Malays were given certain privileges over their non-Malay counterparts, such as quotas for public scholarships and employment in the civil service. When the Federation of Malaya declared independence in 1957, its Constitution contained a provision called Article 153 that provided special rights for the Malays.
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