The NEP Should Be Replaced By A Malaysian First Economic Policy That Guarantees Equal Economic Opportunity And Socio-Economic Justice Based On Merit And Needs.
DAP welcomes the comments made by Prime Minister Datuk Seri Najib Abdul Razak during an interview with Singapore’s Straits Times on his intention to dismantle the National Economic Policy (NEP) because ethnic quotas had damaged Malaysia’s competitiveness and ran counter to global trends. Najib had clearly come around to DAP’s contention over the past 40 years that the long-term benefits of ending the scheme would outweigh the “pain” involved.
Even though such comments had come 40 years too late, it is a case of better late than never. This clearly shows the impact and effectiveness of people’s power during the political tsunami of the 2008 general elections that can force the spring and bring about change towards democratic and good governance.
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