Future Scenario PDF Print E-mail

In looking at the future of Malaysia, the scenarios were developed with the following core questions:-

•    Can Malaysia achieve the intended equal distribution of wealth by implementing social reforms and good

     governance?
•    Would the much touted Innovation driven economic model contributes towards creating an innovative

     society?
•    Would Malaysia be able to achieve sustainable growth and become a high income nation within the

     specific time horizon?

Based on these questions and engagement with relevant stakeholders, four plausible scenarios were foresighted for Malaysia over the next 10 years. The different paths for Malaysia through to 2020 are:-

A star is born

A star is born describes how Malaysia continues on the path of social and economic reforms through the successful implementation of Government & Economic Transformation Plan. The scenario is written reflecting 10 years of progress.

Entrapment

The scenario entrapment tells of the country’s effort of achieving good governance and creation of innovation culture at large. However all this effort does not translate positively as the economy fails to make the transformation to higher value added sectors as expected.

Don’t worry, be happy

Taking the cue from a laid back song title in the 1980s, this scenario depicts Malaysians as a lackadaisical society which is stuck in neutral. The country is moving along on a “business as usual” mode, modest growth with no significant achievement to speak of yet is contended and happy of the way things are.

Sealed in a time capsule

Sealed in a time capsule describes a Malaysia where the desire for economic development is not supported by the necessary reforms. The scenario reflects the sentiment among Malaysians that the promise made to them in terms of inclusive economic development has been largely unfulfilled.