Religion / idea

Malaysian New Economic Policy

1971–1990 · 20th century

The New Economic Policy (NEP) was an affirmative-action and development programme adopted by Malaysia in 1971, after the racial riots of 13 May 1969. It aimed to eradicate poverty and to restructure society so that the Bumiputera, chiefly Malays, would own at least 30 per cent of corporate wealth, through preferences in education, employment and business. It formally ended in 1990, but its policies continued under successor programmes.

Malaysian New Economic Policy
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Cite this entry
APA
The Epoch Institute. (2026). Malaysian New Economic Policy. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/malaysian-new-economic-policy
MLA
“Malaysian New Economic Policy.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/malaysian-new-economic-policy. Accessed .
Chicago
The Epoch Institute. “Malaysian New Economic Policy.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/malaysian-new-economic-policy.
Harvard
The Epoch Institute (2026) ‘Malaysian New Economic Policy’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/malaysian-new-economic-policy (Accessed: ).

Last reviewed October 2026Random entry ↻