PETALING JAYA: Malaysia will not attain Vision 2020 due to continued bad governance, say former Tun Dr Mahathir Mohamad.
In Thursday’s interview with Asia-Pacific current-affairs magazine The Diplomat, the former prime minister claimed that Malaysia’s likely failure to achieve developed nation status by 2020 will be due to each prime minister playing up other issues and not giving due attention to national economic growth.
“The country was growing during my time, most of the time.
“There were downturns. But (later) the country was arrested because of improper handling, because of focus not so much on economic development, but on political survival,” he said.
“Each prime minister wants to survive, and they thought they would survive by playing up other issues instead of concentrating on economic development. And therefore the growth slowed down.
“And when there was racial tension, bad administration, corruption, et cetera, the economy shrinks. So we will not achieve Vision 2020 to become a fully developed country.
“We will not now. You can see the currency is depreciated, stock market is in a bad shape, people are generally unhappy,” said Mahathir, who was prime minister for 22 years.
Mahathir introduced the Vision 2020 concept during the tabling of the Sixth Malaysia Plan in 1991. It aimed for Malaysia to be a self-sufficient industrialised nation by that year.