Manifesto Barisan Nasional dan Kejatuhan Najibnomics dalam Pilihan Raya Umum Ke-14 (Barisan Nasional Manifesto and The Fall Of Najibnomics In 14th General Elections)

Abstract

Barisan Nasional’s manifesto for the 14th General Election focused on the agenda of “With BN for a Greater Malaysia,” which is basedon three fundamental development programs under the “Najibnomics”. The implementation of Najibnomics is based on the federal government’s efforts under Najib Razak premiership to create inclusive and balanced economic conditions as well as to establish a high-income country with a comprehensive development. The BN-led federal government implemented Najibnomics by introducing a comprehensive and practical economic policy called the New Economic Model (NEM). In order to achieve economic equality, NEM under Najibnomics, emphasised on a balanced distribution of economic benefits among the social classes in Malaysia and is strongly in favour of the populist development. This article argues that the fall of Najibnomics in GE14 is strongly connected with the election manifesto offered by Barisan Nasional. The rejection of Najibnomics was influenced by a combination of factors including the function of BR1M as a social assistance or a tool for the regime; the role of Najib Razak in the 1MDB scandal; the weakness of GST’s implementation and the economic distribution imbalanced, which contributes to the rise of cost of living in Malaysia. Thus, GE14 which witnessed the defeat of BN for the first time in Malaysian political history, signalled the rejection of Najibnomics by the people despite the populist offers presented by the BN Manifesto.