Malaysia’s Experience with National Development Planning : Looking Back, Looking Ahead
Malaysia stands out for its strong economic performance and resilience over a period of sixty years which delivered rapid and inclusive economic growth to its diverse population. This paper describes and evaluates Malaysia’s experience with Nationa...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/099614005262236266/IDU0030be45b01bfc042740a2d20a9bc41bf1730 http://hdl.handle.net/10986/37505 |
| Summary: | Malaysia stands out for its strong
economic performance and resilience over a period of sixty
years which delivered rapid and inclusive economic growth to
its diverse population. This paper describes and evaluates
Malaysia’s experience with National Development Planning
(NDP). It discusses Malaysia’s approach to national planning
and how it has successfully driven economic transformation
and helped strengthen social cohesion. In particular, it
highlights the strengths of the NDP regime, including the
strong political support, institutional consistency and the
importance placed on engagement and consultation. The paper
also highlights the remaining challenges, including
effective implementation, institutional misalignments and
resourcing challenges, set against a backdrop of rapid
economic, social and political change. The results of the
assessment should be of interest and relevance to the
growing number of countries that have made (or are
considering) a return to planning, or countries that are
aspiring to undertake their economic transformation. |
|---|