Page 72 - PH Manifesto English
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comprehensive study on the regulatory burden that have been introduced by
the UMNO and Barisan Nasional administration that are holding back our
economic growth, with a view to remove these burdens.
The Pakatan Harapan Government will encourage the growth of new
economy, sharing economy, and research and development. We will
strengthen intellectual property protection so that companies can invest
more in innovation activities.
Pakatan Harapan believes the next stage of our development can only be
achieved if we increase productivity, not just by attracting investments
alone. Malaysia's productivity is unsatisfactory as a result of weaknesses in
Najib’s administration. Our Total Productivity Factor has been only 1.8
percent on average, compared to circa 2.2 percent in Hong Kong, South
Korea and Singapore.
The Pakatan Harapan Government will focus on reforming our economic
structure so that our productivity improves. Improving our education
system and skills training skills, encouraging innovation and the
commercialization of intellectual property, helping companies adopting new
technologies, automation and the latest IT systems, all will be encouraged in
a coherent manner. In addition, the Pakatan Harapan Government will
ensure our competition policy framework is the robust, combined with a
labor policy that ensures profits are shared fairly. The regulatory framework
for SMEs and other businesses will be simplified so that the cost of doing
business can be reduced.
The Pakatan Harapan Government will also coordinate our international
relations policy with our economic development policy so that Malaysia can
use economic diplomacy to help our entrepreneurs succeed regionally and
internationally.
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