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From 50 Years Ago: Malaysia: Planning in a ‘Volunteer Colony’
Vol VII, No 4 JANUARY 22, 1972
(From a Special Correspondent)
Malaysia has just launched its second five-year plan, targeting for a growth rate of 7 per cent per year. Considering that this is a high rate of growth, one would have thought that much intricate planning had gone into the plan to realise it. The plan, however, is little more than a prediction or a forecast based on an optimistic reading of past trends.