With Malaysia's New Economic Policy

Abstract

It has been 17 years since Malaysia implemented the 20-year "New Economic Policy" in 1970. During this period, Malaysia has made some progress in the national economy by formulating and implementing three five-year economic development plans. According to statistics, in 1985, the per capita GNP reached more than 1,800 US dollars, which is second only to Singapore among ASEAN countries, and also belongs to a category of countries with rapid economic development among the developing countries in the third world.