Malaysia is one country that practices open economy (open
economy), namely economy that interacts freely with other economies or other
languages to run import export openly with foreign countries. Openness to
enable economic development of a strong economy and increasing per capita
income. In addition, Malaysia is also an upper middle-income countries, where
revenues are too low and still go to high-income countries. Malaysia is among
the 13 countries identified by the Commission's Growth and Development has
recorded an average growth of more than 7 percent a year for 25 years or more
in 2008. Growth Report Economic growth is inclusive, because Malaysia is also
able to eradicate poverty, which is the body home living below the national
poverty line (USD 8.50 per day in 2012) fell more than 50 percent in 1960 to
less than 1.0 percent today.
Many attempts have been made by the government to achieve
economic position today and are still working to improve the country's economy
and achieve high-income nation in line with Vision 2020. Among the measures
that have been implemented are the New Economic Policy (NEP) has designed a new
Economic .Basal for a period of 20 years from 1971 to 1990 aims to eradicate
poverty issues of the Malays and Bumiputeras in all areas indirectly foster
unity and integration in Malaysia.Selain, the Malaysian government has also
implemented a privatization policy and the Malaysia Incorporated Policy 1983.Ia
year represents a new approach in national development policies and facilitate
the development of the national economy, reduce the financial burden and
perntadbiran kerajaan.Pertanian also playing an important role in the national
economy through its contribution to the national income and export earnings and
creating opportunities kerajaan.Sektor this is the main supplier food and raw
materials for insdustri based sources. Therefore, the government is taking
steps to accelerate the competitiveness of this sector in order to face new
challenges on the domestic and in the international level by launching the
third National Agricultural Policy (NAP 3) that seeks to maximize revenue from
the sector while enhancing the national economy and people's income.
On this day, under the leadership of Prime Ministers of the
six, the Honourable Dato 'Seri Haji Mohd Najib bin Tun Haji Abdul Razak various
efforts were stepped up to strengthen and stabilize the national economy. Among
them are implementing goods and services tax (GST) of 6%. Government spending
much depends on the amount of tax revenue collected. Tax revenue was the main
contributor to total government revenue. If the result of the tax increases,
the government can implement various projects to drive economic growth. In line
with the goal of making Malaysia a developed nation, the government should
implement tax reform that intends to make the existing tax system more simple,
transparent and more efficient. Tax reform is also necessary to increase
revenues and drive economic growth. Therefore, Malaysia needs to implement the
Goods and Services Tax (GST) as it has been implemented by most countries in
the world. The implementation of GST will enable the Government to lower the
rate of income tax (individual and corporate) and make Malaysia more
competitive in order to attract foreign investment. GST bill was tabled in
Parliament in 2009 for the first reading and should be followed by a second
reading but was postponed to allow the views of the people is taken into
account. The method has many advantages over the GST tax system before the SST.
GST can increase the amount of the proceeds of the government and thus enable
more development projects undertaken to improve the country's economy. GST is a
step forward in making Malaysia a developed nation. Since the sales tax and the
GST replaced the existing service tax, the GST is not expected to result in
higher prices of goods and services, unless the applicable tax rate is higher
than the rate of sales and services tax imposed at this time.
In addition, the tourism sector is the third largest
contributor to the national economy after manufacturing and palm oil has also
dititikberatkanOleh, the government has organized a program under the ministry
of tourism of "Visit Malaysia" and also Malaysia Truly Asia. The
campaign is aimed at attracting tourists from abroad to travel to Malaysia as
well as to promote Malaysia to the world and attract investors to invest in
Malaysia. The tourism industry is not only encouraged industry expands business
area, including in the services sector, which generates income and economic
activity, but also to bridge the relationship between the people and
rakyat.Menurut Dean of the Faculty of Hotel and Tourism Management Universiti
Teknologi MARA (UiTM) Shah Alam Prof Prof. Dr Mohamad Abdullah Hemdan, he saw
the initiative to boost the tourism sector will encourage entrepreneurs and
tourism industry to continue to grow their business. In order to realize the
government's goal of achieving the target of 26.8 million visitors, he urged
industry players the chance to offer luxury travel concept as it will
contribute to the surge in the country's economy.
Next, the latest effort by the government is a sign the
Trans-Pacific Partnership Agreement (TPPA). TPPA is said to bring more
advantages than disadvantages to the country. Minister of International Trade
and Industry, Datuk Seri Mustapa Mohamed said, as a nation that depends on
trade and foreign investment, Malaysia will benefit greatly from the TPPA.
However, he said, the government will not arbitrarily sign the agreement
without the consent of all parties. TPP is a great thing for the country and
the government should give a thorough explanation to the people about the pros
and cons of the deal tersebut.Disebabkan it is still in its infancy,
information programs will be actively implemented by the ministry and can be
fruitful if the number of interested parties TPPA examined in depth.
Furthermore, the National Key Result (NKRAs) has also been
established. If the GTP is the overall engine of change, the National Key Results
Areas (NKRAs) are the pistons within. And like pistons, each NKRA works on its
own, but through their complementary efforts, they generate a force of change
that is greater than the sum of its parts. Each piston correlates to a priority
area that is deemed to have the greatest impact for the residents. The NKRAs
were not deemed priority areas arbitrarily, but the result of various surveys,
opinion polls and conducted dialogues with the people. Each NKRA is led by a
Cabinet Minister who is ultimately responsible to the Prime Minister for the
successes and shortfalls of the NKRA's key performance indicator. The
priorities of the NKRAs are made up of both short- and long-term initiatives
catering to the needs of the people. GTP therefore addresses the urgent demands
of the people, such as reducing the cost of living, as well as structural
issues preventing the civil service from being as efficient as it could be.
11th Malaysia Plan (11MP) from 2016 to 2020 also has the
potential to boost the country's economy. 11MP theme "Growth Anchored
People" which aims to menyiapsiagakan people for the future and elsewhere
all people can enjoy the country's progress. 11MP will strengthen the
resilience of the economy to boost growth in addition to macro manage public finances
prudently. In the 11MP, we have focused on several fronts to improve the
development of human capital to developed countries. Among them is to improve
the efficiency of the labor market so as to enhance economic pertummbuhan. The
second focus is the field of transforming TVET fo meet industry demand while
third focus area is strengthening lifelong learning to enhance their skills and
lastly add the quality of education to improve student outcomes and
institutional excellence.
Finally, strengthening the infrastructure to support the
growth that is focused first ekonomi.Bidang is memmbangunkan integrated
transport system based on the requirements. The second field is the growth
logisti and the trade facilitation. Improving the coverage and quality of infrastructure
and the ability of digital subscriptions and promote the use of sustainable
energy to support growth.
