National Development Policy
Today, we delve into the exciting world of National Development Policy, exploring all the fascinating aspects that surround it. From its origin to its impact on today's society, we will immerse ourselves in a journey of discovery and knowledge, analyzing every detail and unraveling the mysteries that surround it. National Development Policy has been the subject of interest and debate throughout history, and through this article, we aim to shed light on all the facets that make it so intriguing. Prepare for an in-depth exploration that will leave you with a renewed and enriching vision of National Development Policy.
 | This article relies largely or entirely on a single source. (August 2014) |
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Prime Minister of Malaysia
Political parties UMNO (1964–2016)
Alliance Party (1964–1974) Related
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The National Development Policy was a Malaysian economic policy introduced by Prime Minister Mahathir Mohamad. The objective was achieving economic growth, while ensuring that accrued benefits reached all sections of society. The National Development Policy replaced the New Economic Policy (NEP) in 1990 but continued to pursue most NEP policies of affirmative action for bumiputera. The Malay share of the economy, though substantially larger, was not near the 30% target according to government figures. In its review of the NEP, the government found that although income inequality had been reduced, some important targets related to overall Malay corporate ownership had not been met. This policy was adopted in 1991 for a period of 10 years and it was succeeded by the National Vision Policy (NVP) in 2001.
References
- ^ Yusof, Zainal Aznam; Bhattasali, Deepak. "Economic Growth and Development in Malaysia: Policy Making and Leadership" (PDF). The International Bank for Reconstruction and Development/The World Bank.
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