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The  Way Forward Mahathir Mohamad

The Way Forward

Mahathir Mohamad

Published February 1st 1999
ISBN :
Hardcover
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 About the Book 

When Malaysia achieved independence in 1957, many people predicted that the country, with its unique racial mix, could never be stable or prosper economically. Forty years later, Malaysia, one of the tiger economies of South East Asia, has madeMoreWhen Malaysia achieved independence in 1957, many people predicted that the country, with its unique racial mix, could never be stable or prosper economically. Forty years later, Malaysia, one of the tiger economies of South East Asia, has made enviable economic progress, bringing in its wake a degree of racial harmony that has confounded the skeptics.The principal architect of Malaysias transformation is the countrys fourth prime minister, Dr Mahathir Mohammad. In the five essays that comprise The Way Forward, he reflects on the successes and failures of the New Economic Policy (1971-1990), the central element in governmental policy since the racial troubles of May 1969. The troubles laid bare the economic disparities between the Malays, the Chinese and the Indians, the main ethnic groups in Malaysia.The New Economic Policy, adopting a programme of affirmative action, sought to effect a fundamental redistribution of the nations wealth by bringing the Malays and other bumiputera, the indigenous people of the country, into the mainstream of economic life.This was achieved not just by economic means, but also by radically changing the culture and outlook of the bumiputera, in the process of giving them a new and vibrant self-confidence. The intention was not to bring about this redistribution through the expropriation of wealth belonging to the other communities, but by means of economic growth, and, during these years, Malaysia enjoyed an average growth rate of some seven per cent, bringing stability and prosperity to all.