Wawasan 2020 (Jawi: واوسن ٢٠٢٠) or Vision 2020 is a Malaysian ideal introduced by the current Prime Minister of Malaysia, Mahathir Mohamad during the tabling of the Sixth Malaysia Plan in 1991. The vision calls for the nation to achieve a self-sufficient industrialised nation by the year 2020, encompasses all aspects of life, from economic prosperity, social well-being, educational worldclass, political stability, as well as psychological balance. To achieve Vision 2020, Mahathir lamented that the nation required an annual growth of 7% (in real terms) over the thirty-year period 1990–2020, so that the economy would be eightfold stronger than its 1990 GDP of RM115 billion. This would translate to a GDP of RM920 billion (in 1990 Ringgit terms) in 2020.. Under Vision 2020 from 1991 to 2020, there are 3 sub 10 year development policy namely National development Policy 1991-2000 with OPP2, National Vision Policy 2001-2010 with OPP3 and New Economic Model 2011-2020 with National Transformation Programme NTP.
- Challenge 1: Establishing a united Malaysian nation made up of one Bangsa Malaysia (Malaysian Race).
- Challenge 2: Creating a psychologically liberated, secure and developed Malaysian society.
- Challenge 3: Fostering and developing a mature democratic society.
- Challenge 4: Establishing a fully moral and ethical society.
- Challenge 5: Establishing a matured liberal and tolerant society.
- Challenge 6: Establishing a scientific and progressive society.
- Challenge 7: Establishing a fully caring society.
- Challenge 8: Ensuring an economically just society, in which there is a fair and equitable distribution of the wealth of the nation.
- Challenge 9: Establishing a prosperous society with an economy that is fully competitive, dynamic, robust and resilient.
Revisions to the vision
In view of changing global conditions amid the financial crisis of 2007–2010, Ex Prime Minister Najib Razak had in August 2009, said that there was now a need to redefine and recalibrate the vision in terms of how to achieve it, as well as its timeline. Najib, who said that it was necessary for Malaysia to undertake bold economic reforms, had tasked the National Economic Advisory Council (NEAC) to carry out a review of the vision. The NEAC is expected to publish its report by end 2009, with a second report on implementation 6 months after that. Najib also said that in order for Malaysia to achieve a developed nation status by 2020, the country has to grow at an annual rate of 8% over the next 10 years. He cited that a lower hypothetical growth of 6% per annum would delay Malaysia's vision to become a developed country by 10 years to 2030. Malaysia’s GDP growth rate averaged 7.2% per annum in the 1990s, and slowed to 5.4% per annum in the following decade.
References and sources
- Mahathir Mohamad (17 November 2008). "The Way Forward". Prime Minister’s Office. Archived from the original on 3 December 2009. Retrieved 14 March 2018.
- Jeong Chun Hai @ Ibrahim, & Nor Fadzlina Nawi. (2007). Principles of Public Administration. Kuala Lumpur: Karisma Publications. Also see, Jeong Chun Hai. (2007). Fundamental of Development Administration. Selangor: Scholar Press. Also see, Mohamed Jawhar Hassan. (1995). 'Malaysia in 1994: Staying in Course.' Asian Survey, Vol.35, No.2, A Survey of Asia in 1994: Part II (Feb. 1995), 186–193.
- Frank J. Lechner; John Boli (8 December 2003). The Globalization Reader. Wiley. pp. 1–. ISBN 978-1-4051-0280-3.
- "Vision 2020, 1991-2020". Economic Planning Unit. 14 January 2008. Archived from the original on 8 July 2009. Retrieved 14 March 2018.
- Akbar Nawab. "Wawasan 2020 Song Lyrics". Universiti Teknologi Malaysia. Archived from the original on 24 February 2009. Retrieved 14 March 2018.
- Adeline Paul Raj (29 August 2009). "8pc yearly growth vital to achieve developed nation status: Najib". Business Times. Archived from the original on 29 August 2009. Retrieved 14 March 2018.
- Ranjeetha Pakiam; Shamim Adam (28 August 2009). "Malaysia Must Expand Faster to Be Developed Nation, Najib Says". Bloomberg. Archived from the original on 19 November 2015. Retrieved 14 March 2018.
- "Malaysia Must Grow 8 Percent Annually To Achieve Developed Nation Status, Says PM". Bernama. 28 August 2009. Archived from the original on 4 June 2011. Retrieved 14 March 2018.
- Adip Zalkapli (28 August 2009). "PM: Grow by 8pc or Malaysia will not achieve Vision 2020". The Malaysian Insider. Archived from the original on 29 August 2009. Retrieved 14 March 2018.
- "TN50: What youths want for Malaysia". The Malay Mail. 28 February 2018. Retrieved 14 March 2018.
- "TN50 Is Malaysia's Dream". New Straits Times. Malaysian Digest. 28 February 2018. Retrieved 14 March 2018.
- "PM Najib announces TN50, a new 30-year vision for Malaysia". New Straits Times. 21 October 2016. Retrieved 14 March 2018.