The National Development Policy was a Malaysian economic policy introduced by Mahathir Mohamad, then Prime Minister of Malaysia, with the objective of achieving economic growth, while ensuring that accrued benefits reach all sections of society.
What is the purpose of national development plan?
The core priorities of the NDP are to eliminate poverty; reduce inequality and unemployment through inclusive economic growth; building human capabilities so that people can lead lives they value; enhancing the capacity of the state; and promoting leadership and active citizenship throughout society.
What is new development policy?
economic development policy
(NEP) and later as the New Development Policy (NDP), that has sought to strike a balance between the goals of economic growth and the redistribution of wealth. … It included affirmative-action policies for bumiputra citizens in education and in employment in the civil service.
What are some of the Malaysia government initiatives for national development?
- 1.1 Reducing Crime.
- 1.2 Fighting Corruption.
- 1.3 Improving Students Outcomes.
- 1.4 Raising Living Standards of Low-Income Households.
- 1.5 Improving Rural Basic Infrastructure. 1.5.1 Ensure access to clean or treated water.
- 1.6 Improving Urban Public transport.
- 1.7 Addressing Cost of Living.
What is national development plan?
A National Economic Development Plan will analyse the country’s objectives and priorities in relation to all these sectors in response to well-identified national needs. … A well-researched and reasoned policy document is of immense value to a country in the allocation of its scarce resources.
What are the factors of national development?
Factors that Influence the Economic Development of a Country
- 1) Capital Formation:
- 2) Natural Resources:
- 3) Marketable Surplus of Agriculture:
- 4) Conditions in Foreign Trade:
- 5) Economic System:
- 1) Human Resources:
- 2) Technical Know-How and General Education:
- 3) Political Freedom:
What are the strategies of national development?
National Development Strategy (NDS) 2022
- promote equality and empower women.
- To develop global partnership for development.
- To eradicate extreme poverty and hunger.
- Achieve universal primary education.
- Reduce child mortility.
- Improve martanl health.
- Combat HIV / AIDS malaria and other diseases.
What was the main objective of New Economic Policy of 1991?
The main objectives to launch new economic policy (NEP) in 1991 are as follows: The main objective was to plunge Indian economy in to the field of ‘Globalization and to give it a new drive on market orientation. The new economic policy intended to reduce the rate of inflation and to remove imbalances in payment.
What is a development policy?
Development policy refers to activities that aim to reduce poverty, implement fundamental rights and promote sustainable development globally. … Coherence between the various policy sectors is a key principle in development policy. Development cooperation is one way of implementing development policy.
What is National Vision policy?
National Vision Policy (2001-2010)
Building a resilient nation; • Promoting an equitable society; • Sustaining high economic growth; • Enhancing competitiveness; • Developing a knowledge-based economy; • Strengthening human resource development; and • Pursuing environmentally sustainable development.
What is the main development issues in Malaysia?
Problems such as the debilitating effects of political patronage on a whole range of issues; poor quality human capital development; mismatches in the labour markets; protectionism in key services sector; technological level and innovation that is not keeping pace with the income level of the country; poor quality …
What is the Malaysia plan?
During the tenure of the First Malaysia Plan, over 40,000 acres (160 km2) of rice and other crops in East Malaysia were irrigated. The government also replanted hundreds of thousands of rubber trees to increase rubber yields; in West Malaysia alone, 304,000 acres (1,230 km2) of small holdings were replanted.
What are the government initiatives?
- Pradhan Mantri Jan Dhan Yojana (PMJDY) …
- From Jan Dhan to Jan Suraksha. …
- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) …
- Pradhan Mantri Suraksha Bima Yojana (PMSBY) …
- Atal Pension Yojana (APY) …
- Pradhan Mantri Mudra Yojana. …
- Stand Up India Scheme. …
- Pradhan Mantri Vaya Vandana Yojana.