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Wednesday, September 29, 2010

Dr M says fears Vision 2020 will not happen

KUALA LUMPUR, Sept 29 – Former prime minister Tun Dr Mahathir Mohamad warned today that Malaysia will very likely not achieve Vision 2020 if the government continues to rely on foreign direct investment (FDI) to drive economic growth.

“My fear is that it’s not achievable,” he told delegates at the “Approaching 2020: Malaysia’s Decade for Growth?” forum organised by the Perdana Leadership Foundation here.

Dr Mahathir (picture) said the Najib administration should focus instead on encouraging domestic investment to drive expansion from within.

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