New Economic Model Malaysia Achievement

Hoping to eradicate this problem the malaysian government introduced the new economic model nem 4 in 2010 replacing the racially based new economic policy of 1969.

New economic model malaysia achievement. Prime minister najib has announced the broad outline of the proposed new economic model nem at the invest malaysia conference. The new economic model must be built from here. The objective of the nem is for malaysia to join the ranks of the high income economies but not at all. Malaysia new economic model 1.

In a special address on the first anniversary of malaysia baharu. However the policy has utterly failed to make an impact on income inequality. Nem consists of several plans and strategies such as government transformation plan gtp economic transformation programme etp 10th 11th malaysia plan and principle of 1 malaysia. The figure above showed the pillars of nem.

The programme aimed to shift affirmative action from being ethnically based to being need based hence becoming more competitive market and investor friendly. The new economic model nem is part of the four pillars of national transformation. We want to see a malaysia that makes a quantum leap from the current 7 000 u s. The new economic model nem formulated by the national economic advisory council neac was launched by the prime minister on march 30 2010.

The new economic model nem to be achieved through an economic transformation programme etp constitutes a key pillar which will propel malaysia to being an advanced nation with inclusiveness and sustainability in line with goals set forth in vision 2020 4. Dollars per capita annual income to 15 000 u s. Nem s goal is for malaysia to become a developed and. In malaysia one of the key causes of income inequality stems from the rural urban.

Dollars in ten years as stated in the neac report. Oil gas and energy 2. The new economic policy nep malay. Malaysia s new economic model proposes a number of strategic reforms.

The nem is one of four pillars of the government s blueprint in moving malaysia towards developed nation status. The new economic model nem 2011 2020 was an economic plan in malaysia unveiled on 30 march 2010 by malaysian prime minister najib razak which was intended to more than double the per capita income in malaysia by 2020. This is the raison d être of the new economic model. Dasar ekonomi baru deb was a social re engineering and affirmative action program formulated by the national operations council noc in the aftermath of 13 may incident in malaysia.

Part 1 new economic model for malaysia new economic model for malaysia part 1 high income rakyat quality of life inclusiveness sustainability neac national economic advisory council level 5 11 menara usahawan persiaran perdana precinct 2 national economic advisory council neac federal government administrative centre 62652 putrajaya malaysia www neac gov my.