NEP: When Malaysia will end its beloved protection schemes?

When Malaysia will end its protection?

New Economy Policy (NEP) has been implemented for over 20 years in Malaysia.  If the ruling parties (BN) think it is successful then it should be replaced with something fair to all of the citizens.  If it has failed after such a long duration then it should be abandoned all together.  How successful it is?  use your own judgement.

Today, NEP is obviously being used by some groups and people to claim for further protection.  Going back to the history, it was meant to help the less fortunate or poor people.   Malaysia, as a democratic country must help the poor with equality.  Else, it is not a democratic country & it has no rights to criticize other countries that differentiate its people by whatever means (e.g. religion, ethnic, etc).  Obviously, nobody likes to be classified as poor or less fortunate.  So, why seek further protection?   They may use whatever term, but the meaning is the same.

Malaysia is a country full of protections.  How Malaysia faces the challenges of globalization if it continues with its beloved protection schemes?  Protect Malaysia economy from foreign influences & competitions with further protections?  Close economy may be the answer to have full protection for those that have been seeking for endless protection.  How far can the nation go then?  Look at countries that open their economies & the success their nations have been gaining, it doesn't require a rocket scientist to know that is the way to go.


So, when Malaysia will ends its protection schemes & take the nation forward?  The answer is dependent on the political parties and its citizens.   Simple logic, if you never start your first step then you'll never reach the destination.   Both the ruling and opposition parties are facing the exact same problems.   The party that is willing to lead the change will obviously gain the support from the people.


Ping on NEP on 19th August 2010.