The New Economic Policy was implemented 50 years ago, in July 1971. The NEP is a social reconstruction and affirmative action program that was crafted following the May 13 1969 racial riots. But did the NEP accomplish what it set out to do? Why has it left such a sour taste in the mouth of many Malaysians? And what should we keep in mind when crafting an economic policy for the future? Joining us to discuss are Lee Hwok-Aun of ISEAS-Yusof Ishak Institute and Iskandar Fareez of REFSA.

Image source: Shutterstock

Produced by: Dashran Yohan

Presented by: Dashran Yohan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Business Analysis,  Trends and Forecasts,  Markets,  Politics,  Social Issues,  law & legal matters,  Education

Tags:  The Bigger Picture,  Live & Learn,  economy,  Malaysian economy,  economic policy,  politics,  New Economic Policy,  NEP,  NDP,  NVP,