The role of human capital in Malaysia's economic development / Gopi Krishan, Santha Chenayah Ramu and Rajah Rasiah

Gopi, Krishan and Santha, Chenayah Ramu and Rajah, Rasiah (2014) The role of human capital in Malaysia's economic development / Gopi Krishan, Santha Chenayah Ramu and Rajah Rasiah. In: National Population Conference on the Inter-Relationship Between Population Dynamics and Development, 26 June 2014, Palm Garden Hotel, IOI Resort, Putrajaya. (Unpublished)

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Abstract

This paper examines the impact of human capital on economic development using Malaysia as an example. The evidence shows that Malaysia’s economic growth among the upper middle income countries has been driven considerably by resource exports. The country has not demonstrated strong human capital and innovation capabilities relative to countries classified among the upper middle income countries. Malaysia’s share of R&D scientists and engineers per million persons fell significantly short of South Korea, Taiwan, Singapore and China, which to a large extent explains why it has not followed the growth trajectory of the latter countries to become developed. The evidence suggests that efforts must be taken to raise the quality of human capital produced in the country, and to attract more vigorously Malaysians carrying tacit knowledge to lead critical human capital producing organizations.

Item Type: Conference or Workshop Item (Paper)
Additional Information: National Population and Family Development (NPFDB) in collaboration with Population Studies Unit, Faculty of Economics and Administration, University of Malaya.
Keywords: Human capital, education, economic development, structural change, Malaysia
Subjects: 300 Social sciences > 305 Social groups
Division/Agency/State: LPPKN - National Population and Family Development Board, Malaysia > Division of Population
Deposited By: Mrs Nor Azaian Abdullah
Deposited On: 03 Jul 2014 08:25
Last Modified: 03 Jul 2014 08:25
URI: http://familyrepository.lppkn.gov.my/id/eprint/400

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