New Economic Policy - What a disaster?

The New Economic Policy has frightened investors from Europe and America. It is also the cause of slow economic growth. since its launching in 1971, the economy has fallen badly behind Singapore, Taiwan, Hong Kong and South Korea.

Per capita income 2007

Malaysia US$ 6146 (IMF)
Singapore 34,152
Taiwan 16,246
Hong Kong 29,149
South Korea 19,624

The figures speak for themselves. It means that the Barisan Nasiona government has been telling one big lie to the people. Because of the NEP and corruption, Malaysia is way behind the four Asia dragons. Malaysia per capita income is one third that of a South Korea and one fifth that of a Singaporean.

In 1970, Malaysia and Singapore started at about the same per capita income level. With the present economic progress in Malaysia, close shop on vision 2020.

ECONOMIC FREEDOM IS LACKING in Malaysia. It ranks 68 out of 157 countries in the world. Because of this, foreign investments into Malaysia are low compared with Singapore, Thailand, Vietnam and Hong Kong. In a global world, liberalisation with a free market economy is important for the economy to progress.