The post-1990 economic policy: implications for Sarawak

Abstract

As the Malaysian economy recovers from the recession of 1985, and appearing to have negained its long-term growth path, attention is now focussed on the question of a new economic policy to succeed the present New Economic Policy (NEP) introduced in 1970 which is supposed to end in 1990. Indeed, many have asserted that the earliest adoption of a new post-1990 economic policy, even though the old NEF has still more than two years left before its expiry date, would give greater certainty and confidence towards the country's economic future.