Developed nation by 2018 possible, says Nor Mohamed
BernamaPublished: Feb 17, 2013 9:17 AM | Updated: Feb 17, 2013 9:21 AM
Malaysia may possibility attain developed-nation status by 2018, two years earlier than targeted, if its economic growth rate remains at 5.3 to 5.5 percent within four years.
Malaysia may possibility attain developed-nation status by 2018, two years earlier than targeted, if its economic growth rate remains at 5.3 to 5.5 percent within four years.
Minister in the Prime Minister’s Department Nor Mohamed Yakcop said the country was capable of achieving Vision 2020 earlier, based on the encouraging current economic growth rate.
“To become a developed nation, we need a per capita income of US$15,000. At the moment, our per capita income is US$9,700. Our thinking is that if we can achieve an economic growth rate of above 5.3 percent, we will be able to achieve Vision 2020.
“We are actually making the projection based on a 5.3 to 5.5 percent annual economic growth rate from now until three or four years to come so that we can achieve Vision 2020 earlier, in 2018,” he said after opening the annual general meeting of the Pengkalan Machang Fishermen’s Association in Tasek Gelugor today.
He said the government was always committed to planning and implementing development projects which could draw more investors to the country, hence boosting efforts to reach developed-nation status.
Nor Mohamed, who is also Tasek Gelugor member of parliament, said the transformation programmes mooted by Prime Minister Najib Abdul Razak to benefit all levels of society could assist in generating the economy.
“The government does whatever possible for the people and country based on its capability, expertise and experience. Our economic transformation programmes towards becoming a developed nation are going on well.
“If there are marginalised groups, we undertake specific initiatives to assist them so that they can move forward in line with Vision 2020.”
He said it was therefore important for Barisan Nasional to continue to be given the mandate to govern this country in order to realise the goal of becoming a developed nation by 2020, as economic and politial stability were crucial to achieving this.
“Investors will not come in to invest if the situation in this country is chaotic and unstable. The opposition won’t be able to provide stability as they are divided and inexperienced,” he said.
- Bernama
Minister in the Prime Minister’s Department Nor Mohamed Yakcop said the country was capable of achieving Vision 2020 earlier, based on the encouraging current economic growth rate.
“To become a developed nation, we need a per capita income of US$15,000. At the moment, our per capita income is US$9,700. Our thinking is that if we can achieve an economic growth rate of above 5.3 percent, we will be able to achieve Vision 2020.
“We are actually making the projection based on a 5.3 to 5.5 percent annual economic growth rate from now until three or four years to come so that we can achieve Vision 2020 earlier, in 2018,” he said after opening the annual general meeting of the Pengkalan Machang Fishermen’s Association in Tasek Gelugor today.
He said the government was always committed to planning and implementing development projects which could draw more investors to the country, hence boosting efforts to reach developed-nation status.
Nor Mohamed, who is also Tasek Gelugor member of parliament, said the transformation programmes mooted by Prime Minister Najib Abdul Razak to benefit all levels of society could assist in generating the economy.
“The government does whatever possible for the people and country based on its capability, expertise and experience. Our economic transformation programmes towards becoming a developed nation are going on well.
“If there are marginalised groups, we undertake specific initiatives to assist them so that they can move forward in line with Vision 2020.”
He said it was therefore important for Barisan Nasional to continue to be given the mandate to govern this country in order to realise the goal of becoming a developed nation by 2020, as economic and politial stability were crucial to achieving this.
“Investors will not come in to invest if the situation in this country is chaotic and unstable. The opposition won’t be able to provide stability as they are divided and inexperienced,” he said.
- Bernama
View Comments0