SCM 000081 Manivanan A/L Kannan

SCM 008655 Chin Jun You

SCM 001796 Gayathri

 INTRODUCTION

 Vision 2020 is a declaration of the strategic intent of the

Malaysian Government in its 30 years' quest for an
industrialised country. The reiteration of the Honourable
Former Prime Minister Tun Dr Mahathir bin Mohamad at
the inaugural meeting of the Malaysian Business Council
on 28 February 1991 of the necessity of making Malaysia
Incorporated a reality by emphasised the importance of the
Malaysia Incorporated Policy as one of the desired
strategies to achieve the objective of Vision 2020. The
Malaysia Incorporated Policy is a strategy for the
attainment of a competitive, dynamic, robust and resilient
economy. It stresses the need to define, develop a new
pattern of behaviour, thinking and interaction via the public
private sector relationship.
 Vision 2020
 The purpose of this paper is to present before you some thoughts on
the future course of our nation and how we should go about to attain
our objective of developing Malaysia into an industrialized country. Also
outlined are some measures that should be in place in the shorter term
so that the foundations can be laid for the long journey towards that
ultimate objective. The ultimate objective that we should aim for is a
Malaysia that is a fully developed country by the year 2020.

 Do we want to be like any particular country of the present 19 countries

that are generally regarded as 'developed countries'? Do we want to be
like the United Kingdom, like Canada, like Holland, like Sweden, like
Finland, like Japan?

 Malaysia should not be developed only in the economic sense. It must

be a nation that is fully developed along all the dimensions:
economically, politically, socially, spiritually, psychologically and
culturally.
 Malaysia as a Fully Developed Country –
One Definition

By the year 2020, Malaysia can be a united nation,

with a confident Malaysian society, infused by
strong moral and ethical values, living in a society
that is democratic, liberal and tolerant, caring,
economically just and equitable, progressive and
prosperous, and in full possession of an economy
that is competitive, dynamic, robust and resilient.
 Challenges
Tun Mahathir outlined nine strategic challenges that Malaysia must
overcome to achieve Vision 2020.

 Challenge 1: Establishing a united Malaysian nation made up of one Bangsa Malaysia

(Malaysian Race).
 Challenge 2: Creating a psychologically liberated, secure and developed Malaysian society.
 Challenge 3: Fostering and developing a mature democratic society.
 Challenge 4: Establishing a fully moral and ethical society.
 Challenge 5: Establishing a matured liberal and tolerant society.
 Challenge 6: Establishing a scientific and progressive society.
 Challenge 7: Establishing a fully caring society.
 Challenge 8: Ensuring an economically just society, in which there is a fair and equitable
distribution of the wealth of the nation.
 Challenge 9: Establishing a prosperous society with an economy that is fully competitive,
dynamic, robust and resilient. 

We have already come a long way towards the fulfilment of these objectives. The nine central
objectives listed need not be our order of priorities over the next three decades. Most obviously,
the priorities of any moment in time must meet the specific circumstances of that moment in
time.
The theme Song lyrics of vision 2020
Wawasan 2020 is also a patriotic song on the same
idea sung in Malay. The song was composed by Akbar
Nawab. lyrics
Original English translation
Bendera berkibar di angkasa Flags waving in the sky
Lambang negara jaya Symbol of our great country
Rakyat sepakat sehati sejiwa People united in one mind
Tekad berbakti dengan megah Contributing in pride
Hadapi cabaran masa muka Facing the challenges in the
Penuh tenaga murni future
Bakti dicurah searah-sehala Full of sincere energy
Dengan wawasan yang suci Contributing for one purpose
Wawasan meningkat kemajuan With a pure vision
Tiada lagi kepincangan The vision boosts development
Kemewahan rata dirasai No more defects
Bersama kita nikmati Luxury is equally felt
Wawasan 2020 Together we enjoy it
Satu pandangan jauh Vision 2020
Bukan impian malah kenyataan A far view
Bersama kita jayakan Not a dream but reality
Together we achieve it
The Development Policy
 Vision 2020
 New Economic Policy
 Malaysia Incorporated Policy

Establishing a Competitive Economy

 Privatization Policy
 Human Resource Development
 Knowledge-Based Economy
 Rural Development

Sectoral Policies
 Agriculture

Industry & Economic Services

 ICT
 Tourism
 Science and Technology
 Distributive Trade
 Manufacturing
 Small and Medium Enterprises (SMEs)
 Finance
 Infrastructure and Utilities
 Social Services
 Energy
New Economic Policy

 The launching of the New Economic Policy (NEP) in 1971

was a watershed in the Malaysian economic policy history.
The NEP underscored the importance of achieving socio-
economic goals alongside pursuing economic growth
objectives as a way of creating harmony and unity in a nation
with many ethnic and religious groups. The overriding goal
was national unity. To achieve this goal, two major strategies
were adopted:

 To reduce absolute poverty irrespective of race through

raising income levels and increasing employment
opportunities for all Malaysians; and

 To restructure society to correct economic imbalances so as

to reduce and eventually eliminate the identification of race
with economic function.
Malaysia Incorporated Policy

 The Malaysia Incorporated concept was first

announced by the Prime Minister in 1983 and it
represents a new way of approaching the task
of national development. Both the public and
private sectors adopt the idea that the nation is
a corporate or business entity, jointly owned by
both sectors and working together in pursuit of a
common mission of the nation.

 Establishing a Competitive Economy

Privatization Policy

 The privatisation policy was first announced as

a national policy by the Government in 1983. It
represents a new approach in the national
development policy and complements other
national policies such as the Malaysia
Incorporated policy, developed to underscore
the increased role of the private sector in the
development of the Malaysian economy.
Human Resource Development

 Expanding the supply of highly skilled and knowledgeable

manpower to support the development of a knowledge
based economy based on education and training. The
education system will be re-oriented to enable students to
acquire a higher level of explicit knowledge as well as
thinking and entrepreneurial skills. Educational facilities
will be increased through the construction of centralized
schools in remote areas as well adequate facilities,
infrastructure and trained teachers. Reinforcing positive
values. Efforts will be intensified to inculcate and reinforce
positive values through the educational and training
system. These values include good work ethics, diligence,
integrity, tolerance, gratitude, respect for authority,
punctuality and pursuit of excellence are characteristics of
a high quality workforce.
Knowledge-Based Economy
 
 The knowledge-based economy is the basis to sustain a rapid
rate of economic growth and enhance international
competitiveness to achieve Vision 2020. The development
thrusts for the knowledge-based economy are set out in
the Third Outline Perspective Plan(OPP3).the motive is to Build
the basis of knowledge based manpower and Intensifying S&T
and R&D initiatives towards strengthening the national
innovation system.

 In addition, the Knowledge-based Economy Master Plan

(KEMP) launched in 2002 contains 136 recommendations
encompassing human resource development, information
structure, incentives, science and technology development,
reorientation of the private and public sectors as well as
addressing the digital divide.
Rural Development

 To intensify development in rural area and

narrow economic gap between urban and rural
areas.
 To increase access of the rural community to
generate better income through various cottage
and craft industries.
 To expand and increase credit facilities for
agriculture related trade and services
 To further improve the quality of life of the rural
population through increasing physical and
social infrastructure as well as to improve rural
health and education facility.
 
Agriculture

 The agriculture sector plays an increasingly important role

in the national economy through its contribution to the
national income and export earnings and creation of
employment. The sector is also a major supplier of food as
well as raw materials to resource based industries.

ICT

 Focus will be made towards achieving world-class

performance, in terms of services availability, affordability
and productivity. To facilitate Malaysian companies to
compete globally, ICT will be used as a key enabler
especially in critical sectors such as banking and finance,
logistic, manufacturing and key services.
Tourism

 Tourism industry in Malaysia has been identified as

a key driver in the services sector. The tourism
sector is assuming a greater role in stimulating the
economy during the Eighth Plan period.

 The overall policy thrust of the tourism sector is to

achieve sustainable tourism growth to realise the full
potential of employment and impact of income-
generation at the national, state and local levels. A
holistic and integrated approach that leverages on
innovation and vitality of the private sector, the
hospitality, courtesy and civic-consciousness of the
public as well as the support of the Government is
essential to elevate the tourism industry to a higher
level of achievement.
Science and Technology

 As a nation with relatively limited resources,

Malaysia has to ensure that every investment made
in developing Science and Technology (S&T)
achieves desired results and high rates of return.
 The allocation of resources should be parallel to the
national priorities for the country’s transformation
into a knowledge-driven economy so as to
maximise economic and social returns. In this
regard, the Second National Science and
Technology Policy provides a framework to
enhance productivity and sustain growth as well as
to strengthen synergistic partnership among the
Government agencies, industries, universities and
research institutions.
Distributive Trade

 Efforts to modernize, strengthen and enhance

competitiveness of the distributive trade will be
pursued to ensure sustainable development in a
globalised and liberalized environment.
Measures will also be undertaken to provide an
enabling administrative and legislative
environment.The main thrust of the
development of the financial sector is to
enhance the resilience, efficiency and
competitiveness of the sector to contribute
towards sustainable economic growth.
Infrastructure and Utilities

Infrastructure and Utilities Development

Strategies:-
 Emphasise long-term integrated planning and
coordinated implementation of projects.
 Provide comprehensive range of infrastructural
facilities and amenities.
 Encourage the use of public transport and
intelligent transport systems to reduce congestion.
 Increase efficiency, productivity and reliability of
service.
 Ensure the availability of reliable infrastructure
facilities and services at reasonable costs, such as
Roads & Bridges, Urban Transport & Rail, Ports,
Airports, Communications, Water & Sewerage.
Social Services

 To provide and improve the coverage of quality social services in areas

such as education, housing, health and family development. These
sectorial policies are translated into programmes and projects aimed at
enhancing quality of life of all Malaysians.
 

Energy

 The National Energy Policy was formulated to achieve the following

objectives:
 Ensuring adequate, secure, quality and cost-effective supply of energy;
 Promoting efficient utilization of energy; and
 Ensuring factors pertaining to environment protection are taken into
consideration in the production and utilization of energy.
 In support of the above policy, the National Depletion Policy was formulated
with the aim of conserving energy resources, particularly oil and gas.
Meanwhile, the Four-Fuel Diversification
Conclusion
Revisions to the vision:-

 In view of changing global conditions amid the Financial Crisis of

2007 - 2010, Prime Minister Najib Tun Razak had in August
2009, said that there was now a need to redefine and recalibrate
the vision in terms of how to achieve it, as well as its timeline.
Najib, who said that it was necessary for Malaysia to undertake
bold economic reforms, had tasked the National Economic
Advisory Council (NEAC) to carry out a review of the vision. The
NEAC is expected to publish its report by end 2009, with a
second report on implementation 6 months after that. Najib also
said that in order for Malaysia to achieve a developed nation
status by 2020, the country has to grow at an annual rate of 8%
over the next 10 years. He cited that a lower hypothetical growth
of 6% per annum would delay Malaysia's vision to become
a developed country by 10 years to 2030. Malaysia’s GDP
growth rate averaged 7.2% per annum in the 1990s, and slowed
to 5.4% per annum in the following decade. A