Making Transformation Happen
Malaysia has progressed from an economy dependent on agriculture and primary commodities to a manufacturing-based, export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries.To move the country forward, the Government has crafted a framework comprising four pillars to drive the change.
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. The ETP will be driven by eight Strategic Reforms Initiatives (SRIs) which will form the basis of the relevant policy measures.
Three other pillars have been launched over the past year. They are the 1Malaysia, the Government Transformation Programme (GTP) to strengthen public services in the National Key Results Areas (NKRAs)and the 10th Malaysia Plan 2011-2015, the economic blueprint that will set the tone of the whole country development over the next five years. It contains the new policy directions, strategies and programmes all targeted enabling Malaysia to emerge as a developed high-income nation.