March 30, 2010, Prime Minister Najib Razak unveiled his new economic model (NEM) in Malaysia. In order to increase per capita income to more than $ 15,000 in 2020 from its current level of $ 6,634, the plan includes measures to improve human capital, reduce migration and privatization of inefficient state-linked corporations (GLCs). However, the most controversial part of NEM was the dismantling of the New Economic Policy (NEP), an affirmative action program for native Malays, which eased racial tensions and reduce racial disparities of income for the previous 40 years, though some would argue, by strengthening the corruption. "Hide
by Diego Comin, John Abraham Source: Harvard Business School 34 pages. Publication Date: April 7, 2010. Prod. #: 710033-PDF-ENG
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