NEW ECONOMIC MODEL

Tuesday, Prime Minister introduce new economic model . This some thing new in our economic. From what i heard this economic model would include ideas on improving the country’s economic standards and move Malaysia from a high middle income country into a high income nation. This economic would provide more emphasis on innovation and creativity which would help the worker increase their income . This economic model are more focused on the creativity worker so they can increase their wages .

New economic modelemphasises that the multi-racial composition of the Malaysian population is still its outstanding feature and this ethnic diversity will always be with us.new economic model friendly affirmative action programmes in line with the principle of inclusiveness will target assistance to the bottom 40 per cent of households, of whom 77.2 per cent are Bumiputra and many are located in Sabah and Sarawak, and ensure equitable and fair opportunities through transparent processes Hope this new economic model can give benifit to the bumiputera

They are statistical arguement about bumiputera economic because they not achive 30% equity wealth most of the wealth are concuqured by non bumiputera .Families will be endowed with the opportunity and capabilities to pursue their aspirations in connected, sophisticated modern cities, townships and villages. They will live, work and study in localities free from the fear of crime, the indignity of discrimination and the anxiety of need . Hope it not just fallacy of sweeping generalization just focus on worker so they can increase their wages hope the fisherman,farmer,enterupner, can increase their wages in modern live everything is going expensive . Hope this new economic model can give benefit to all people in malaysia not just bumiputera non bumiputera also can get this benfit by new economic model .