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Malaysia · Economy & Business · Hard

What was the name of the economic programme introduced in 1971 following the 1969 racial riots, designed to eradicate poverty and restructure society to reduce the identification of race with economic function?

Answer: New Economic Policy — The New Economic Policy (NEP, or Dasar Ekonomi Baru) was a 20-year affirmative action programme from 1971 to 1990 that aimed to increase Bumiputera corporate equity ownership to 30%.

The New Economic Policy (NEP, or Dasar Ekonomi Baru) was a 20-year affirmative action programme from 1971 to 1990 that aimed to increase Bumiputera corporate equity ownership to 30%.

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