Now Everyone Prospers (NEP):
The Best of Both Worlds
What's next for Malaysia?
Malaysia has been experiencing shifts for years, and the pandemic has helped to shine a light on areas that need to be urgently addressed. The “business as usual” pre-pandemic approach will no longer suffice for Malaysia as it navigates the challenges of the 21st century – and herein lies a rare opportunity for real change in the country.
Now is the time to ask: What kind of Malaysia do we want in 30 years?
Transitioning away from perpetual economic growth based on unsustainable consumption and debt, enabled by under-pricing resources and externalising true costs onto society and the environment. Instead, fostering long-term economic health through practically revaluing capital variants that serve to build a society with a high quality of life measured by its wellness and health.
Moving away from exporting Malaysia’s resources (food, water, minerals, oil) and importing resulting deficiencies at high-cost. Maintaining international competitiveness while nurturing domestic markets through intra-national consumption and production – a hybrid approach – that provides for Malaysian citizens in innovative ways for food supply, healthcare, and more.
Procedural elimination of rent-seeking models that lead to patronage, corruption, and wastage in the economy. Reinvigorating the goal of government as to provide means for gainful employment (both formal and informal) and quality of life improvements for all – regardless of race, class, gender, or religious alignment.
Altering the role of GLCs by realigning their mandates, including socioeconomic objectives for the betterment of all Malaysian citizens. Tackling governance issues related to leadership and political appointees will be a key element of this.
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