Government intervention in the Malaysian economy, 1970-1990: lessons for South Africa.

by Simpson, Ralph Arthur

Abstract (Summary)
This study examined the role the Malaysian government played in developing the Malaysian economy as a means to eliminating poverty and inequality and explored the lessons South Africa can learn from Malaysia's development experience. Under British colonial rule Malaysia developed a divided multi-ethnic society characterised by gross inequality and high levels of poverty. Jolted by the 1969 race riots and in a major departure from the laissez-faire economic policy, the government embarked on the New Economic Policy in 1970. This ambitious twenty-year social engineering plan ushered in greater state intervention in the economy. It greatly reduced poverty among indigenous Malays and made substantial progress towards achieving inter-ethnic economic parity.
Bibliographical Information:


School:University of the Western Cape/Universiteit van Wes-Kaapland

School Location:South Africa

Source Type:Master's Thesis

Keywords:malaysia economic development policy conditions 1970


Date of Publication:01/01/2005

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