The National Development Policy was a Malaysian economic policy introduced by Prime Minister

Mahathir Mohamad Mahathir bin Mohamad ( ms, محاضير بن محمد, label= Jawi, script=arab, italic=unset; ; born 10 July 1925) is a Malaysian politician, author, and physician who served as the 4th and 7th Prime Minister of Malaysia. He held the office ...

. The objective was achieving economic growth, while ensuring that accrued benefits reached all sections of society. The National Development Policy replaced the

New Economic Policy The New Economic Policy (NEP) () was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism ...

(NEP) in 1990 but continued to pursue most NEP policies of affirmative action for

bumiputera Bumiputera or Bumiputra, which is a Malay word, comes from the Sanskrit word ''Bhumiputra'' which may be transliterated as "son of earth" or "son of the soil" (Bhūmi; भूमि = earth; putra = son). It has different definitions in Brunei and M ...

. The Malay share of the economy, though substantially larger, was not near the 30% target according to government figures. In its review of the NEP, the government found that although

income inequality There are wide varieties of economic inequality, most notably income inequality measured using the distribution of income (the amount of money people are paid) and wealth inequality measured using the distribution of wealth (the amount of w ...

had been reduced, some important targets related to overall Malay corporate ownership had not been met. This policy was adopted in 1991 for a period of 10 years and it was succeeded by the National Vision Policy (NVP) in 2001.

References

Affirmative action in Asia Economy of Malaysia Racial and religious quotas in Malaysia Public policy in Malaysia 1990 establishments in Malaysia Welfare in Malaysia {{Malaysia-stub