Malaysia will be high income country by 2020: Tun Mahathir

KATHMANDU: Tun Dr Mahathir Mohamad (pix) said Malaysia, currently a middle-income country, would be a high income nation by 2020, for which the Malaysian Government had laid out a comprehensive plan and was working out accordingly, to achieve the set goal.
Delivering an extempore speech in the Nepal Business Conclave 2014 on Sunday, Dr Mahathir set forth the vision for development which he adopted during his long tenure as Malaysia's prime minister.
"In fact, it is not me, but the founding fathers of Malaysia who set the guidelines for the country's development, modernisation and industrialisation, which I simply followed," he said while speaking on the policies during the early days of Malaysia.
"When Malaysia gained its independence, 50% of the people were in poverty and the founding fathers realised that the country must lift these people out of poverty for which they focused on stability, social harmony and sharing of political power and economic resources in an equitable manner," he said.
He added that this policy paid off and Malaysia could slowly emerge as a middle income country. – Bernama