{"id":2063,"date":"2014-11-02T03:24:36","date_gmt":"2014-11-02T03:24:36","guid":{"rendered":"https:\/\/www.ukm.my\/news\/?page_id=2063"},"modified":"2015-04-13T03:29:34","modified_gmt":"2015-04-13T03:29:34","slug":"new-economic-policy-still-relevant-prof-kamal-salih","status":"publish","type":"page","link":"https:\/\/www.ukm.my\/news\/archive\/tahun-2014\/november-2014\/new-economic-policy-still-relevant-prof-kamal-salih\/","title":{"rendered":"New Economic Policy Still Relevant: Prof Kamal Salih"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main \"><div class=\"mashsb-box\"><div class=\"mashsb-count\" style=\"float:left\"><div class=\"counts mashsbcount\">1<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.ukm.my%2Fnews%2Farchive%2Ftahun-2014%2Fnovember-2014%2Fnew-economic-policy-still-relevant-prof-kamal-salih%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.ukm.my\/news\/?p=2063&amp;via=https:\/\/twitter.com\/ukmtwit\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><div class=\"mashsb-toggle-container\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"newsitem_tools\">\n<div class=\"newsitem_info\"><span class=\"createdate\">SUNDAY, 02 NOVEMBER 2014 00:00<\/span><\/div>\n<\/div>\n<div class=\"newsitem_text\">\n<div class=\"news_item_article\">\n<p><strong><img decoding=\"async\" class=\"border\" src=\"https:\/\/www.ukm.my\/news\/images\/stories\/Campus2014\/Kamal_Salih1.jpg\" alt=\"\" border=\"0\" \/><\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>By Saiful Bahri Kamaruddin<br \/>\nPix Centre for Corporate Communications<\/strong><\/p>\n<p style=\"text-align: justify;\">BANGI, 2 November 2014 &#8211; Renowned veteran economist<br \/>\nProfessor Tan Sri Dr Kamal Mat Salih believes Malaysia still needs the New Economic Policy (NEP) to bring about economic and social balance in society.<\/p>\n<p style=\"text-align: justify;\">There is also still a role for intellectuals and patriots to design new modes of economic and social development for the country based on the NEP.<\/p>\n<p style=\"text-align: justify;\">Speaking after he was awarded an Honorary Doctor of Philosophy (Social and Economic Development) at the 3rd session of the 42<sup>nd<\/sup> Convocation of The National University of Malaysia (UKM) here today, Prof Kamal Salih, 68, appealed to the post-NEP generation of thinkers and intellectuals to step forward and deal with the host of economic and social problems facing the country.<\/p>\n<p style=\"text-align: justify;\">The NEP is increasingly perceived as archaic and obsolete as\u00a0 the nation is entering an era of more openness, transparency and fairness.<\/p>\n<p style=\"text-align: justify;\">The challenges faced now, he said, is to show that the NEP is still relevant when there are economic problems and social dissentions brought about partly by a more liberal condition.<\/p>\n<p style=\"text-align: justify;\">He, however, admitted that there are still social and economic ills that have yet to be resolved since the NEP was introduced 44 years ago.<\/p>\n<p style=\"text-align: justify;\">Problems such as corruption have yet to be curbed despite the country having comprehensive anti-graft laws that should have been sufficient to handle the situation.<\/p>\n<p style=\"text-align: justify;\">The situation is compounded by other phenomena such as the monopoly of goods and services, loss of respect of leaders and economic globalization which cannot be avoided<\/p>\n<p style=\"text-align: justify;\">He noticed there are huge gaps between the household incomes of those in the top 1% against the 40% who are in lowest group in terms of material possessions and wealth.<\/p>\n<p style=\"text-align: justify;\">Prof Kamal Salih expressed concern of the low purchasing power of households despite government efforts to turn the country into a high income developed nation.<\/p>\n<p style=\"text-align: justify;\">Likewise with unemployment levels, typically among graduates that is compounded by the unsatisfactory quality of education is not helping matters.<\/p>\n<p style=\"text-align: justify;\">He said the challenge is made even more complicated by today&#8217;s youths who are now more sensitive to socio-economic issues and not shy about voicing their opinions or demonstrating in public.<\/p>\n<p><img decoding=\"async\" class=\"border\" src=\"https:\/\/www.ukm.my\/news\/images\/stories\/Campus2014\/Kamal_Salih2.jpg\" alt=\"\" border=\"0\" \/><\/p>\n<p style=\"text-align: justify;\">He said the state of the economy and society is increasingly threatened by intolerance and envy between the communities.<\/p>\n<p style=\"text-align: justify;\">In his introduction of Prof Kamal Salih, UKM Vice-Chancellor Prof Datuk Dr Noor Azlan Ghazali said Prof Kamal Salih had long been a renowned economist at home and abroad.<\/p>\n<p style=\"text-align: justify;\">His career covers three main areas, in academia, public service and the private sector.<\/p>\n<p style=\"text-align: justify;\">In the academic field, Prof Kamal Salih had been a lecturer beginning in 1970 at the University of Pennsylvannia, and subsequently at Universiti Sains Malaysia as a professor in 1980, when he was 34 years old.<\/p>\n<p style=\"text-align: justify;\">In 1982, he held the office of Deputy Vice-Chancellor until 1985.<\/p>\n<p style=\"text-align: justify;\">Later in the private sector he had managed private health institutions.<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.ukm.my\/news\/images\/stories\/Icon\/ukmnewsportal.png\" alt=\"\" border=\"0\" \/><\/p>\n<p><img decoding=\"async\" class=\"border\" src=\"https:\/\/www.ukm.my\/news\/images\/stories\/Campus2014\/Kamal_Salih3.jpg\" alt=\"\" border=\"0\" \/><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SUNDAY, 02 NOVEMBER 2014 00:00 By Saiful Bahri Kamaruddin Pix Centre for Corporate Communications BANGI, 2 November 2014 &#8211; Renowned<a class=\"tukm-readmore\" href=\"https:\/\/www.ukm.my\/news\/archive\/tahun-2014\/november-2014\/new-economic-policy-still-relevant-prof-kamal-salih\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":2066,"parent":1156,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-2063","page","type-page","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/pages\/2063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/comments?post=2063"}],"version-history":[{"count":3,"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/pages\/2063\/revisions"}],"predecessor-version":[{"id":2068,"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/pages\/2063\/revisions\/2068"}],"up":[{"embeddable":true,"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/pages\/1156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/media\/2066"}],"wp:attachment":[{"href":"https:\/\/www.ukm.my\/news\/wp-json\/wp\/v2\/media?parent=2063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}