The Prime Minister’s vision is “Transforming Malaysia” and Figure 1 below captures the key components of the transformation initiative. By 2010, Malaysia had reformulated an entirely new model for economic, government, political, rural and social transformation. The Malaysian Budget 2012, also known as the “Transformation Budget”, emphasized efforts to transform the nation into a developed and high-income economy with inclusive and sustainable development, spearheaded by the private sector. The Budget 2012’s theme is “Transformation Towards a Developed and High-Income Nation” with a focus on the following four key strategies: reinvigorating private investment; intensifying human capital development; enhancing quality of life of Malaysians; and strengthening public service delivery. A new policy is embedded in the theme, that is, “National Transformation Policy: Welfare For The People, Well Being For The Nation”.
National transformation model