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Focus Paper

A Critique of the ETP (Part 1): Let’s evaluate PEMANDU on its DEEDS

Is PEMANDU taking Malaysians on a joyride, or can it really steer our country to high-income status by 2020? Its Economic Transformation Programme (ETP) is ambitious – promising to double gross national income (GNI) per capita to RM48,000 by 2020 from RM23,700 in 2009.

Such an expansive plan has of course attracted detractors, but supporters of the ETP have voiced rebuttals. These are, however, squabbles over spilt milk.

Much of the criticism to-date has been carping about the slick façade and expensive costs at PEMANDU; or questioning the viability of its lofty targets. These ultimately boil down to questioning PEMANDU’s existence.

REFSA decided that it is more constructive to hop along with the ride. PEMANDU is here to stay and we shall measure PEMANDU and the ETP on its own terms by looking at its DEEDS. Rather than questioning its ambitious targets, we shall analyse how well it is measuring up to those aspirations.

The first D of DEEDS is for Data. Mark the date – 25 Jan 2012 – when we declare “It does not compute!”

Read our Focus Paper here to find out what the rest of DEEDS stand for.

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