Second Malayan Five Year Plan

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The Second Malayan Five Year Plan (1961 – 1965) was an economic development plan launched by the government of Malaya, and continued by the government of Malaysia (a new nation comprising Malaya, Singapore, Sabah and Sarawak). This plan followed the First Malayan Five Year Plan, which ran from 1956 to 1960. The Second Malayan Five Year Plan increased expenditure for the development of agriculture and rural areas. Funding was markedly increased for land development schemes, physical infrastructure, and social services. The Plan's stated objective was "to provide facilities and opportunities for the rural population to improve its level of economic and social wellbeing." Some have attributed the greater expenditure of the Plan to the governing Alliance political coalition's political woes; the coalition had only narrowly won the 1959 general elections due to discontent among the rural Malay electorate over the lack of economic progress. ^[1]

[edit] Notes and references

1. ^ Henderson, John William, Vreeland, Nena, Dana, Glenn B., Hurwitz, Geoffrey B., Just, Peter, Moeller, Philip W. & Shinn, R.S. (1977). Area Handbook for Malaysia, p. 293. American University, Washington D.C., Foreign Area Studies. LCCN 771294.