Shahuren, Ismail
(2010)
IN EDUCATIONAL EXCELLENCE.
Prosiding Seminar Pengurusan & Kepimpinan Pendidikan Ke-17 2010.
ISSN 978-983-9479-72-0
Abstract
In May 2010, Malaysia enters the list of top 10 most competitive countries in the world, sharing the top rankings with Singapore, Hong Kong, USA, Switzerland, Australia, Sweden, Canada, Taiwan and Norway. This unprecedented result clearly demonstrates the successful private/public collaborations, innovative works and government's bold initiatives that served as the foundation for a strong, stable and inclusive economic growth, despite the recent global economic slowdown. Competitiveness, in this context, is determined by the productivity with which Malaysia uses her human, capital and the other resources. In 2009, the 1.8% negative growth in Malaysia's productivity was still better than most of the OECD economies such as Sweden, United Kingdom, Japan, Italy, Finland and Germany and Malaysia's productivity level was higher among the Asian countries. The economy is poised to continue its growth momentum in 2010 with greater private/public collaborations. Malaysia's competitiveness is evaluated based on how the nation and the industries manage the set of competencies and skills to achieve prosperity and profit. Malaysia has introduced the 4 Pillars to achieve the Vision 2020, namely the 1Malaysia, People First, Performance Now economic concept, the Government Transformation Programme (GTP), the Economic Transformation Programme (New Economic Model) and the 10th Malaysia Plan (2011- 2015). Challenges in managing talent include the enhancement in the eco-system, reducing gaps in talent pool, creation of high value-added jobs and promotion of investments and innovations to support high income objectives and to sustain the high income economy.
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