MALAYSIAN ECONOMIC

ECO 261
The Historical Aspect of The
Expansions of The Malaysian
Economy
BEFORE INDEPENDENCE
AFTER INDEPENDENCE
Focus more in decreasing the
poverty of Malaya especially in
rural areas.
PLANS BETWEEN 1965-1970
(PRE-NEP)
1
st
PLAN
2
nd
PLAN
3
rd
PLAN
ACHIEVEMENT
Ogreater economic growth rate
Omore area were opened for
estate and agricultural
Onew processing technique in
rubber industry more rural
households receive facilities
WEAKNESSES
Unemployment
rate
Programmed
increase number
of Malays fails in
commerce and
industry
CHORONOLOGY TRAGEDY OF
13 MAY 1969
POLITICAL
PROBLEMS
INSULTED THE
MALAYS
ON THE EVENING
OF 13 MAY THE
CHINESE HAD
ATTACKED THE
MALAY
MALAY PEOPLE
HAVE TAKEN
ACTION IN
RESPONSE TO THE
CHINESE
NEW ECONOMIC POLICY
(NEP) 1971 1990
RESTRUCTURING
SOCIETY
POVERTY
ERADICATION
OBJECTIVE
ACHIEVEMENT
Increase in
GDP
Decreased
in poverty
Fairer
distribution
of income
Increases
employment
opportunities
Change of
economic
structure
Improve
quality of
life
WEAKNESSES
Decision of the
80s
Project by private
sector was badly
affected
Banking factor
faces problem of
unpaid loans
Lack of capital
and expertise
among
Bumiputera
Dualism
non-Bumiputera
reluctant to help
Bumiputera in
business sector
NATIONAL DEVELOPMENT
POLICY (NDP) 1991-2000
AIM : Eradicating poverty and
achieving an economically
well-balanced society
OBJECTIVE
STRATEGY
Eradicating
poverty
irrespective of
race
Restructuring of
society
Balanced
development
Strategy of
VISION
2020
ACHIEVEMENT
Increase
employment
Improve
quality of
life
Reduction of
poverty
Fairer
distribution
income
Bumiputera
involvement
Structural
changes
GDP growth
NATIONAL VISION POLICY (NVP)
2001-2010
O Comprised to five year development plans.
Implement from eight to ninth Malaysian plan
covering a period of ten years.
OBJECTIVES
To achieve
national unity
Eradicate poverty
over the poorest
Encouraged and
increase National
integration
VISION 2020
Introduce by Tun
Dr Mahathir
Mohamad
THE 9 CHALLENGES
Creating society that is prosperous
and economically competitive with
development other country
Create a culture of a caring and loving
Create a progressive scientific, far-
sighted and to create a civilization
base on science and technology
Creating a society of tolerant, liberal
and independent and able to adopt
the custom, culture and religions
Create a United Malaysia with its own
model have a common goal
Produce a fair and prosperous society
through the distribution of national
wealth, regardless to race
Creating a society with strong moral
ethical, uphold religious value and
spiritually
Develop democratic society and have a
maturity of understanding for the good
and prosperity of the country
Creating a society of independent-
minded progressive and peaceful self-
confident and ability
K-
ECONOMY
P-ECONOMY
To K-ECONOMY
FOCUS ON
INVESTMEN
T IN
INTANGIBLE
KNOWLEDG
E-BASED
ECONOMY
SOURCES
OF P-
ECONOMY
LAND
CAPITAL LABOUR
ENTREPRENEUR
INFORMATION AND
COMMUNICATION (ICT)
MULTIMEDIA SUPER
CORRIDOR (MSC)
Planned on 1996
by Tun Dr. Mahathir Mohamad.
15km wide and 50km long
from PETRONAS Twin Tower to
KLIA.
Taken idea from United States (US)
that is Silicon Valley
OBJECTIVE
Transform Malaysia into a knowledge
based economy by 2020
R & D CLUSTER
SMART CARD SMART SCHOOL
ELECTRONIC
GOVERNMENT
WORLDWIDE
MANUFACTURING
WEB
BORDERLESS
MARKETING
TELEMEDICINE
MSC