These .
campaigns is also aim to help the Small and Medium Industries (SMI's) in .
Malaysia and to attract more tourist due to attractive Ringgit's value.
Dr. Mahathtir also tries to encourage the public to save their money .
while spending.
In other development, employee in the government sector had .
sacrificed around 10 to 15 percents of their monthly salary to help our .
government maintain the stability of our economy for several months in what had .
being thought as on of the radical feature of the package. Other than that, the .
government also stop the spending on luxury and high-scale projects. .
Therefore the money can be used to help our economy. Furthermore, the .
government continue to encourage privatization in order to limit the spending in .
corporate governance.
In Budget 2003, Dr. Mahathir had announced another radical change in .
our economy structure. The change into knowledge based economy, or .
K-economy, is in line with his 2020 vision, which is to create knowledgeable and .
Intelligent Malaysians. Before this , during post-colonial era, Malaysia is.
concerning on agriculture as the main source of its income. But, due to the .
declining of commodities" price such as rubber and tin, Malaysia had to consider .
another choices, which is turning the country into industrial based economy in .
early 80's. But our country can't depend much on this basic alone. It is because .
Malaysia has to face a stiff competition from other East Asia "tycoon" such as .
Korea and Japan, which have more sophisticated technology and a bigger.
market and as the result, a better product than us. This is why Dr. Mahathir came.
up with this brilliant idea. .
K-economy is actually about transferring ideas and technology from .
other developed country to Malaysia. It is also about creating and innovating a .
new technology and a new knowledge in our homeland. As a result, it will .
produce K - Labour in our country that meet the demand of this highly- .
