Relevant, but needs updating: M’sia must rethink NEP, says economist - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: Local News (https://forums.ipoh.com.my/forum-12.html) +---- Forum: Politics (https://forums.ipoh.com.my/forum-50.html) +---- Thread: Relevant, but needs updating: M’sia must rethink NEP, says economist (/thread-6363.html)

Relevant, but needs updating: M’sia must rethink NEP, says economist - superadmin - 10-04-2022 KUALA LUMPUR – The government should find new ways to carry out both universalist and group-targeted policies instead of trying to completely replace the “race-based” New Economic Policy (NEP) with “needs-based” policies, said economist Lee Hwok Aun. “It has been almost 50 years since the NEP (was introduced), with this stance of not having any race-based policies at all, but only need-based policies instead. “Malaysia needs to stop thinking this way. The two approaches do not contradict each other. Instead, we need to find a balance between the two,” he said. Lee, a senior fellow at the Iseas-Yusof Ishak Institute, said this at a seminar titled “Rethinking the New Economic Policy: 50 Years of Polarisation and Impasse” at Universiti Malaya (UM). - More -