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Shared Prosperity in Line with Fair and Inclusive Equitable Growth

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In recent decades, Malaysia has and is undergoing a process of rapid social and economic development.

This is a continuation to the policies implemented by the Government such as the New Development Policy (1991-2000), the National Vision Policy (2001-2010) and the Government Transformation Program (2010-2020) which all play a role in making Malaysia a developed country and competitive.

However, this process has increased the stresses on the family institution through the roles and challenges faced by the family itself.

To balance this rapid process of social and economic development, family institutions need to be strengthened.

This is important because the family is the basic social unit that provides and supplies human capital resources for the development of the country.

Today’s reality, clearly shows that in order for all parties to work towards genuine well-being, then it must be based on human development.

Given the importance of family well-being for the future of the country, scientific studies to measure the level of family well-being in the country are necessary.

Measuring the well-being of the family is considered important because it can indirectly measure the impact of the implementation of national social and economic development policies on the family and the extent to which the policies and programs implemented are successful or not.

Family well-being encourages community empowerment in building productive and innovative societies, thus intensifying national development.

This is in line with the goal of the Shared Prosperity Vision 2030 which is to make Malaysia a country that continues to develop sustainably in line with a fair, equitable and inclusive economic distribution at all levels of income groups, ethnicities and regions.

Shared Prosperity Vision 2030 – continues to develop sustainably in line with a fair, equitable and inclusive economic distribution

These efforts and determination will continue towards strengthening political stability and increasing the prosperity of the country as well as ensuring that the people are united without prejudice by celebrating the diversity of races and cultures as the basis of national unity.

In general, Shared Prosperity Vision 2030 is seen as revolving around strengthening the economic sector in further boosting the country’s development status.

This shows that it is an important element to the construction of social well-being and common prosperity. Furthermore, economic factors are also the basic platform for the development of various other economic activities such as building more employment opportunities for the people, building a knowledgeable and knowledgeable society and skills, further boosting the provision of digital and knowledge-based economic resource facilities IR4.0 , as well as many others.

All these things will not be achieved if society does not dare to think creatively and visually in order to build a better future.

Shared Prosperity Vision 2030 is an effort to make Malaysia a country that continues to develop sustainably in line with a fair and inclusive economic distribution (equitable growth) at every level of income group, ethnicity, region and supply chain to create a sense of harmony and stability among the people.

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