In an environment characterized by rapid advance in ICT, globalization, liberalization, and greater reliance on knowledge for value creation, Malaysia has planned to leapfrog into the post-industrial age by leveraging ICT as a strategic lever for national development and global positioning. Malaysia had achieved its independence in 1957. Since then the country has implemented nine five-year economic development plans. Believing in the philosophy that economic development should not be left entirely to market forces, Malaysia had focused on the eradication of poverty, restructuring of society, equitable growth and investment in human capital as its key national goals.
The New Economic Policy (NEP), 1970
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