As stated in the New Economic Model (NEM) for Malaysia, the main objective is for Malaysia to be a developed economy that generates a high level of income resulting from growth that is both inclusive and sustainable. In short, the government aims to achieve $15,000 to $20,000 per capita by 2020. The government also wanted to enable all communities to take full advantage of the country's wealth to promote inclusion. Sustainability refers to the ability to meet current needs without compromising the needs of future generations. High-income economy According to the World Bank's current definition of high income, the government defines high income as a per capita income of US$15,000 or RM48,000 in 2020, with Malaysia's current gross domestic product (GDP) being around RM23,700 or USD6,700. In order for our country to be classified as a high-income economy by 2020, Malaysia must achieve a GDP growth rate of 6% per year. The government would particularly develop the services sector, which will focus on financial services, business services, tourism, healthcare, etc. For example, it is predicted that by 2020, the services sector will account for 65 percent of the economy, which will be an increase from the previous 58 percent in 2010. At the same time, domestic demand, which usually accounts for 50 at 70 percent of GDP. This currently stands at 53 percent and is expected to increase to 59 percent in 2020. This could be a result of the growth of the service sector as well as continued urbanization. Increasing domestic demand also indicates that a country is becoming less dependent on exports. Through structural changes, the Malaysian economy will lessen its dependence on primary resources...... middle of paper ...... the government will need to ensure that environmental resources are fully utilized and that all development costs are taken into account before the development process begins. However, this does not mean that natural resources should not be used in the production process. Rather, it means that when implementing new regulations, investment decisions will need to take into account the long-term implications on society, the economy and also the environment. The conventional GDP method of measuring economic growth does not include costs resulting from environmental deterioration. Recent development plans are moving towards a more environmentally friendly concept of economy, which allows for proper consideration of the environmental implications of growth and appropriate solutions and procedures to address these environmental concerns...