Malaysian New Economic Policy (NEP) by Meerul Anual https://padlet.com/meerul95/n3oyoah5n2no en-us 2018-01-30 03:10:29 UTC 2018-01-30 03:30:43 UTC hello@padlet.com Malaysian New Economic Policy (NEP) meerul95 https://padlet.com/meerul95/n3oyoah5n2no/wish/225925162 - Started after the incident of the 13th May by the National Operation Council under the Prime Minister Tun Abdul Razak.

- Use for equity in growth and active government participation in the economy.

- After 13th May, the policy makers decided to achieve national unity by eradicating poverty and restructuring the society. ]]> 2018-01-30 03:11:51 UTC https://padlet.com/meerul95/n3oyoah5n2no/wish/225925162 Strategy for Poverty Eradication meerul95 https://padlet.com/meerul95/n3oyoah5n2no/wish/225925950
  • Absorbing the poor rural households into the modern sector through agricultural development.
  • Raising the productivity of the farmers through new land development, provision of irrigation facilities and replanting of rubber with higher yielding varieties.
  • Providing basic services such as education, health and utilities.

    • ]]>     2018-01-30 03:16:48 UTC https://padlet.com/meerul95/n3oyoah5n2no/wish/225925950     Strategy for Restructuring Society meerul95 https://padlet.com/meerul95/n3oyoah5n2no/wish/225926174
  • Employment by sectors should commensurate more to racial composition of the population. More to Malay by 54%.
  •  Bumiputera should own and manage at least 30% of the equity of the cooperate sector, other Malaysian 40% while foreigners 30%.
  • Creating the Bumiputera Commercial and Industrial Community (BCIC). The shortage of Bumiputera entrepreneurs as a major block in achieving a fairer distribution of income.
  • Introduicing statutory bodies like MARA, FELDA, FAMA, MARDI to facilitate the entry of Malays into modern urban sectors.
  • New government agencies such as RISDA, MAJUTERNAK, MAJUIKAN were built to raise income and productivity of the bumiputera.

    • ]]>     2018-01-30 03:18:41 UTC https://padlet.com/meerul95/n3oyoah5n2no/wish/225926174     Achievement of NEP meerul95 https://padlet.com/meerul95/n3oyoah5n2no/wish/225926277
  • Increase in GDP, High economic growth.
  • The manufacturing sector expand rapidly since 1970
  • Fairer Distribution of income
  • Increase employment opportunities.
  • Improvement in the participation of Bumiputera in the modern sectors since 1970.

    • ]]>     2018-01-30 03:19:27 UTC https://padlet.com/meerul95/n3oyoah5n2no/wish/225926277     Factors That Restricts The Achievement of The NEP Goals: meerul95 https://padlet.com/meerul95/n3oyoah5n2no/wish/225926338
  • The recession of the 80s
  • Projects undertaken by the private sectors was badly affected as they were unable to secure domestic or foreign loans.
  • The banking sector faces problems of unpaid loans.
  • Bumiputera had no experience in their business venture and went bankrupt.
  • Attitude of the Malay towards the policy and government.
  • Attitude of the non Malays towards the policy implementation.

    • ]]>     2018-01-30 03:19:49 UTC https://padlet.com/meerul95/n3oyoah5n2no/wish/225926338