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% |