11th Malaysia Plan Analysis
4. What are the 6 strategic thrusts of the 11th Malaysia Plan? Explain in your own words.
11th Malaysia Plan is supposed to be the ultimate government strategic plan prior to achieve 2020 vision as a high income nation as proposed by ex PM Mahathir two decade ago envisioning “Wawasan 2020”. Under the vision Malaysia are supposed to be a developed high income nation with highly accelerated economic growth rate resulting in approximately US$ 15,000 income per capita, or average national income of RM 55,000 per person (assuming US$ 1: RM 3.70) per annum by year 2020. While this seemingly intriguing figure triggered rigorous debate and scepticism among literate groups and some Malaysians, it is worth pointing out the 6 strategic thrusts announced by Najib administration to achieve the mission impossible within such a short time frame:
• Malaysia stands out of the rest of Asia countries with highest economy growth
• A nation with clean water and vast electricity provision
• Approximately zero illiteracy …show more content…
As the name implies, protectionism generally refers to specific care and measure taken to defend or protect certain industries or activities. From the view point of government, it is not uncommon to see the implementation of certain policies to include targeted industries under care ensuring their ability to withstand stiff competition from external parties. It could be the case where the industry encompasses limited resources such as natural resources or inventions by the nation. In Malaysia protectionism is also seen in various forms such as tariffs, quotas, licensing, embargo and the like. Protectionism policies in Malaysia mainly tribute to the rising competition from production or import of identical normal goods which could jeopardize the output and sales of locally manufactured “Buatan Malaysia” should appropriate protectionism not in
11th Malaysia Plan is supposed to be the ultimate government strategic plan prior to achieve 2020 vision as a high income nation as proposed by ex PM Mahathir two decade ago envisioning “Wawasan 2020”. Under the vision Malaysia are supposed to be a developed high income nation with highly accelerated economic growth rate resulting in approximately US$ 15,000 income per capita, or average national income of RM 55,000 per person (assuming US$ 1: RM 3.70) per annum by year 2020. While this seemingly intriguing figure triggered rigorous debate and scepticism among literate groups and some Malaysians, it is worth pointing out the 6 strategic thrusts announced by Najib administration to achieve the mission impossible within such a short time frame:
• Malaysia stands out of the rest of Asia countries with highest economy growth
• A nation with clean water and vast electricity provision
• Approximately zero illiteracy …show more content…
As the name implies, protectionism generally refers to specific care and measure taken to defend or protect certain industries or activities. From the view point of government, it is not uncommon to see the implementation of certain policies to include targeted industries under care ensuring their ability to withstand stiff competition from external parties. It could be the case where the industry encompasses limited resources such as natural resources or inventions by the nation. In Malaysia protectionism is also seen in various forms such as tariffs, quotas, licensing, embargo and the like. Protectionism policies in Malaysia mainly tribute to the rising competition from production or import of identical normal goods which could jeopardize the output and sales of locally manufactured “Buatan Malaysia” should appropriate protectionism not in