Word: bumiputra
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Dates: during 2007-2007
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...dismantle the race-based NEP and replace it with a class-based scheme that would, say, help poor Indians while preventing rich Malays from taking handouts they don't need. Anwar blames the NEP both for breeding corruption and decreasing competitiveness, since many lucrative state contracts are reserved for bumiputra companies. "Globalization does not treat kindly people who feel as though they must be protected because of injustices from colonial times," says Anwar. "If we don't want to be displaced by an up-and-coming country like Vietnam, we must play by the rules of the global game...
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