Salient. Official Newspaper of the Victoria University Students' Association. Vol 41 No. 9. April 24 1978

[Introduction]

Malaysia, since independence, has tried to develop herself on the basis of five year plans. This article examines their objectives and their so called achievements.

The 1st Malaysian Plan (1966—70) had 3 objectives.

a) To increase the % per capita income of the low income groups.
b) To generate employment opportunities.
c) To reduce its dependence on the export of primary products.
The results of the 1st five year plan were as follows:
1966 1970
GNP 5.6% 6.5%
Unemployment rate 6.5% 8.0%
Per capita income $806 $1080
Income Distribution/month
Highest $535 $745
Lowest $63 $54
Foreign ownership of M'sian economy 58% 61%