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The Recession of the 80s. A rapidly growing economy is crucial toenable a fairer distribution of wealth.
Projects undertaken by private sector was badly affected as they wereunable to secure domestic or foreign loans
The banking sector faced problems of unpaid loans.
The Bumiputera were relatively inexperienced in business venture Dualisms had been reduced; nevertheless, many farmers were still left
behind in development
Some Bumiputera did not understand the government aspiration underNEP.
Some non-Bumiputera were very reluctant to help Bumiputera ventureinto the business sector
The greatest setback of the NEP is it created a subsidy mentality amongsome Bumiputera
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National Unity:-situation where all Malaysians have
willingly accepted that loyalty & dedication to the
nation above all other objectives. In Malaysian
scenario, national unity is importance for development.
Cannot be achieved if vast sections of the population
remain poor
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Reducing absolute poverty with the intention of
eventually eradicating it, regardless of race
Restructuring Society, i.e., to correct economic
imbalances so as to reduce & eventually eliminate theidentification of race with economic function.
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Just as with NEP, national unity remains the ultimate
goal of NDP.
National Unity is to be achieved through balanced
development
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Growth & Equity
Balanced Development
Social & Economic Inequalities
National integration A Progressive Society
Human Resource Development Science & Technology
Environment & EcologyRefer Page 74-75 from text book
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2. Raising thecapacity for
knowledge andinnovation, andnurturing first
class mentality4. Improvingthe standard
andsustainabilityof the quality
of life
5. Strengthening thecountrys
institutional &implementation
capacity ~ establisha more effective
implementing &monitoringmechanism
3. Addressing persistentsocio-economic
inequalitiesconstructively and
productively
1. Moving theeconomy up
the value chain
5 challenge of VISION
2020
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Increasing productivity, competitiveness & value-addGenerating new sources of wealth & job creation in
technology- and knowledge-intensive sectorsGiving a lead role to the private sector, & increasing
private sector investment by providing an enabling
environment for doing business, enhancing SMEsdevelopment, increasing public-private partnershipsas well as attracting targeted high-quality FDI
Inculcating a culture of high performance &excellence in public & private sectors including
GLCsExpanding market for Malaysian products and
services
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Undertaking comprehensive improvement of the education system,from pre-school to tertiary level, from the aspects of curriculum andteaching to school facilities, with a special focus on raising the standardof schools in rural areas
Enhancing national schools to become the peoples school of choice
Producing universities of international standing and ensuring thattertiary institutions meet the needs of employers
creating more avenues for skills development, training and lifelonglearning for the labour force at all levels and for all ages, including inICT
Providing an environment and innovation system which encouragestop-quality R&D and its commercialisation
Refining and implementing programs which encourage the
development of a strong moral and ethical culture as encapsulated inthe National Integrity Plan
Empowering youth & women to participate in national growth anddevelopment
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Reducing disparities between rural and urban population &among states & regions via sustainable income-generatingavenues & by improving access to basic needs such as housing,education, healthcare, utilities & transportation
Developing less developed regions through regional growthcentres
Bridging the digital divideAddressing inter- and intra-ethnic disparities, particularly by
raising incomes through the enhancement of skills & capabilitiesPromoting equal opportunities in employment towards reducing
disparities in occupation & income as well as enhancingintegration among the ethnic groups
Creating a new generation of competitive Bumiputeraentrepreneurs & enterprises
Reviewing past restructuring policies and programmes toevaluate their effectiveness and impact, and to focus futurepolicies and programmes on merit and need
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Ensuring better protection of the environment and moreefficient usage of natural resources
Enhancing energy sufficiency and efficiency, includingdiversifying sources of energy
Increasing the efficiency of water services deliveryProviding better public transportation to relieve congestion
and reduce fuel usage
Improving access to and quality of healthcare andaffordable housing
Ensuring public safety and securityEnhancing the development and promotion of Malaysian
culture, arts and heritage
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Improving public services delivery by strengtheninggovernance, streamlining administrative processes andmeasuring performance
Improving usage and cost-efficiency of public sector funds
by upholding financial prudence as well as improving themonitoring of implementation
Addressing actual and perceived corruption in both thepublic and private sectors
Enhancing corporate governance and delivery of privatesector services by improving legal and regulatoryframeworks
Strengthening the role of Parliament, media & civil society