Development strategy for Malaysian natural resources

Abstract

Malaysia, with its wealth of natural resources, is one of the fastest growing economies in the ASEAN region. The country provides 41% of world supplies of natural rubber, 39% of hardwoods, 37% of palm oil and 32% of tin. In 1971, the government developed a New Economic Policy (NEP) which, it was hoped, would bring about a sound and wide base for economic growth. This report aims to describe the basis of NEP and to analyse the development potential of the Malaysian economy.