“Focus will be on new growth sources that include the digital economy, it says.
The country's economy will be restructured in a more progressive direction based on high-technology adoption, innovation and research and development, the Economic Affairs Ministry said.
The ministry said the Shared Prosperity Vision paper that it tabled at a special Cabinet session today recognised the need to recalibrate the current economic policy to ensure prosperity for all as well as to weather global challenges. The ministry said the vision, which covers the period from 2021 to 2030, is a commitment to ensure Malaysia's economy continues to grow robustly and sustainably.
“The beauty of Shared Prosperity will emerge when the economic gap between classes, races and regions as well as the disparity in the supply chain are closed in the context of an ever-growing economy. Hence everyone's interest is safeguarded and no one is left behind as the country progresses,” it said.
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