At the end of this topic, students 
   should be able to:
             PART A:
             1.Understand the background of Five Years Malaysian Plan
             2.Explain the objectives of Five Years Malaysian Plan 
             3.List down the Five Years Malaysian Plan
             PART B:
             1.Explain the background of NEP
             2.Understand the NEP objectives
             3.List down the NEP strategies to eradicate poverty
             4.List down the NEP strategies to restructure the society
             PART C:
             1.Explain the needs of the implementation of IMP
             2.Understand the objectives and strategies of  IMP I
             3.Understand the objectives  and strategies of  IMP II
             4.Understand the objectives and strategies of  IMPIII
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         1. Five Years Malaysian Plan
        The Malaysia Plan is a 5-year 
          Malaysian government national 
          development initiative. 
        The 5-year plan is a legacy from 
          British colonial rule in Malaya after the 
          Second World War.
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          1. Five Years Malaysian Plan
        
          After the formation of Malaysia in 1963, 
          the 5-year plan has been converted to the 
          Malaysia Plan (MP) with the First Malaysia 
          Plan which began in 1966 until 1970,
        
          The difference being that the economic 
          plan now includes the entire nation – 
          including Sabah and Sarawak, as opposed 
          just Peninsular Malaysia.
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         2. Objectives of Five Year Malaysian 
                                                    Plan
        i.   Identify needs and priorities 
        The government can focus on economic and socio-economic 
             issues during the period and come up with strategies to 
             eradicate them.
        ii. Update current economy
        The  government  will  propose  development  and  budget 
             allocation  for  Malaysia  depending  on  the  economic 
             situation.
         
     2. Objectives of Five Year Malaysian 
     Plan
     III. Coordinate the development programs
          The government has development proposal and budget allocation for 
          every  period  of  the  plan.  For  example,  midterm  review  prepared  for 
          every Malaysia Plan.
        
     IV. Monitor development programs
     Each 5-year spending plans are recorded neatly which allows the government to 
     exercise control over financial prudence.
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