New Economic Policy and the Malaysian multiethnic middle class

Abstract

Generally the processes of modernisation, industrialisation and urbanisation that took place especially after the National Economic Policy (NEP) was implemented in 1971, had transformed the economic structure and the Malaysian society. This transformation took place during an era of rapid economic growth and prosperity in Malaysia. One of the more important phenomena resulting from this transformation is the emergence, growth and expansion of the multiethnic middle class in the country, but particularly the Malay middle class. The emergence of this multiethnic middle class is significant economically, socially and politically. The growth and expansion of this middle class shows that it is very much a dynamic entity. It also shows that the class has yet to consolidate. This paper briefly traces the emergence and growth of the Malaysian multiethnic middle class, followed by a discussion on the roles they play in effecting changes in the Malaysian society.