NEM – Salient Points(DCE 3401) – 19 December 2011

Basic Input Factors• Land, Labour

Knowledge-based Critical Success Factors• Technology•MarketBasic Input

Factors• Infrastructure• Collateralized risk-free capital• Labour

Agriculture-Based

Economy

Resource-Led Economy

Innovation-Led Economy

1957 to late 1970s

1980s to mid 1990s

Late 1990s to 2020 and to 2057

National Mission

1. To move the economy up the value chain

2. To raise the country’s capacity for knowledge, creativity and innovation

3. To address persistent socio-economic inequalities

4. To improve the standard and sustainability of quality of life

5. To strengthen the institutional implementation capacity

To fulfill

Rewards are rapid and sustainable:•Wealth creation• Employment creation• Societal well being