Cluster-Based Development: Macroeconomic Framework

Abstract

‘The Industrial Master Plan (IMP) implemented in 1986 provided a framework for the development of a broad-based manufacturing sector during te period of 1986-1995. It also outlined th structural shift of the country's economy from one dependent largely upon agriculture and primary products, 10 one where the manufacturing sector played a greater role in the economy. The IMP identified the need for developing high technology industries to pave the way for Malaysia to become an industrialised nation. n line with this, it stressed the importance of preparing the workforce with technical and industrial skills in view of the increasing sophistication of imported” technology accompanying foreign direct investment. It also recognised the importance of developing indigenous skills in product design and production technology so that domestic industries can progress without depending 100 much on imported foreign technology and expertise.