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Economic crisis and policy response in Malaysia: the role of the new economic policy

机译:马来西亚的经济危机和政策对策:新经济政策的作用

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摘要

Since achieving independence in 1957, Malaysia has experienced three recessions, each of which emanated from different sources of vulnerability. This paper analyses the policy response to economic crisis, in particular, the role of the New Economic Policy (NEP) which was introduced in 1970 and which remains in force today. It concludes that in spite of the diversity in the proximate causes of the crises, the policy response was consistent and sought to ensure that NEP objectives were paramount and the vested interests that had emerged as a result of the NEP and which were linked to the ruling party were preserved.
机译:自从1957年获得独立以来,马来西亚经历了三场衰退,每一次衰退源于不同的脆弱性源头。本文分析了对经济危机的政策反应,特别是1970年开始实施并一直有效的新经济政策(NEP)的作用。报告得出结论,尽管在危机的近因上存在差异,但政策对策是一致的,力求确保NEP目标至高无上,以及由于NEP而产生的与裁定相关的既得利益派对被保留。

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