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The role of human capital in Malaysia's economic development
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Item type | Conference or Workshop Item |
Subjects | 300 Social sciences > 305 Social groups |
Division/Agency | LPPKN - National Population and Family Development Board, Malaysia: Population and Family Research Division |
Keywords | Human capital, Education, Economic development, Structural change, Malaysia |
Additional Information | National Population and Family Development Board (NPFDB) in collaboration with Population Studies Unit, Faculty of Economics and Administration, University of Malaya. |
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. 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. |