The three core objectives – ensuring development for all, bridging income disparities and building a unified, prosperous and dignified nation.
- To restore Malaysia’s economy and provide a decent living standard to all Malaysians
- To immediately fix unequal distribution of wealth
Prime Minister Tun Dr Mahathir Mohamad launched today the Pakatan Harapan (PH) government’s roadmap for Malaysia to progress as a nation towards becoming a real Asian tiger once more within a span of just 10 years.
In his speech, the prime minister said the main aim of the Shared Prosperity Vision (SPV) is to restore Malaysia’s economy and provide a decent living standard to all Malaysians – regardless of their ethnicity, social class and location – by the year 2030.
He said that like a cancer, the nation’s economy had been marred by rampant corruption and power abuses in the past 20 years and the unequal distribution of wealth needed to be fixed immediately so all Malaysians, especially those who had been neglected, could receive an equitable share.
He noted that past affirmative action policies that aimed to help the Bumiputera community as the country’s largest demographic group that was economically stunted had failed, due to opportunistic people who abused their powers.
“The issue here is not the Bumiputera agenda but the abuse of power and corruption that is never-ending. These practices have deprived the Bumiputera in need of their opportunities and support.
“As a doctor, the only way I see to get rid of this cancer is to cut it and throw it away,” he told a large audience at the Kuala Lumpur Convention Centre .
Development for all means restructuring the economy to be more progressive, knowledge-based and high-value, with full community participation at all levels.
According to the Economic Affairs Ministry, this will be enabled through the application of technology, innovation, and research and development.
Greater focus will be placed on resources that could spur the digital economy, aerospace industry, smart farming and services sector, which are supportive of the Industry Revolution 4.0(IR4.0).
Putrajaya will also reinvigorate existing industries that contribute to economic growth.
Bridging wealth and income disparities includes addressing economic disparities across income groups, ethnicities and regions, protecting and empowering the people, and ensuring that no one is left behind.
Nation-building aims to transform Malaysia into an economic hub in Asia.