MALAYSIA ECONOMY

NATIONAL DEVELOPMENT POLICY

(NDP)

INTRODUCTIONIn colonial period, Malaya was involved in production and

processing of rubber and tin for export in return for import of essential foods and manufactured goods

NEW ECONOMIC POLICY was introduced in 1970, it was long term policy (1970 -1990),20 years of reviving the Bumiputera as well as non bumiputera share in economic

On 1991, The National Development Policy is introduced by YAB Dato' Seri Dr. Mahathir Mohamad, to enhance the welfare of the Malaysia comparing to the world

NDP replaced the Malaysian economic policy in 1990 but continued to continue most of NEP policies

INTRO CONT… Second Outline Perspective Plan (OPP 2)

1991-2000 was formulated based on the National Development Policy (NDP)

It is a beginning of new era in effort to make M’sia develop country nation by year 2020

OBJECTIVENational unity will be the final goal of the

NDP as a united community is important to strengthen the social and political stability and maintain sustainable economic development.

NDP set a step towards enabling Malaysia to achieve a developed nation status in all respects in terms of social, values, ethics and morals, political stability, quality of life, efficiency of government, and economic excellence.

IMPLEMENTATION STRATEGY

1 ) maintain the basic strategy NEP is the

eradication of poverty and restructuring society to

improve social and economic imbalances

between the races and this will contribute to

strengthening national unity

2 ) To ensure balanced

development of main economic sectors (mining,

service, agriculture,farming)

IMPLEMENTATION STRATEGY CONT..Building a society that has social value and appreciate the positive feelings of pride and patriotism

Reduce and eliminate social inequality and to promote the sharing of the national economy in a more fair and equitable benefits

reduce the inequalities in economic development between states and between urban and rural areas

IMPLEMENT STRATEGY CONT..Concentrate on the development of a community of Bumiputera Commercial and Industrial

Ensure appropriate attention is given to environmental protection and ecology so that in the long term to ensure sustainable development of the country continued

Making science and technology as an integral part of the planning and socio-economic development

NEW APPROACH Competition in International Markets NDP has taken into account the country's

ability to compete in the international marketVision 2020Encourage society to utilize the national

resources wisely to build good eco. and attain develop country level

NEW APPROACH CONT…Poverty ReductionTraining provided to youth in rural areas will

enable them to get skilled jobs and higher incomes

Restructuring Society Eliminate the identification of race with

economic function and restructuring of ownership will continue to be a key program under this strategy

IMPACT OF NATIONAL DEVELOPMENT POLICYThe Malaysian economy grew at an average rate

of 6.2 per cent per annum during the 1991-2005.

This strong rate of growth was achieved even the challenges faced from events such as the 1997-98 Asian financial crisis

Growth was achieved with inflation averaging a low 2.9 % per annum

low unemployment averaging 3.1 % per annumQuality of life of malaysian increase since 1991.

(education, working life, communication, health)

MALAYSIA DEVELOPMENT

CONCLUSION NDP will continue efforts to reduce economic

imbalances not only among ethnic groups but also between the rich and poor and between regions

Economic imbalances will be reduced based on the principle of balanced development and equitable distribution to achieve strengthen national unity.

THANK YOU…