Assessing the Effectiveness of Public Research Institutions : Fostering Knowledge Linkages and Transferring Technology in Malaysia
The transition to a more innovation-based growth model is even more urgent in the current uncertain global context[1]. While the GDP growth rate has proven resilient in recent years, declining oil and gas output, coupled with economic shocks, inclu...
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| Format: | Report |
| Language: | English |
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World Bank, Kuala Lumpur
2020
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| Online Access: | http://documents.worldbank.org/curated/en/268421602626581373/Assessing-the-Effectiveness-of-Public-Research-Institutions-Fostering-Knowledge-Linkages-and-Transferring-Technology-in-Malaysia http://hdl.handle.net/10986/34612 |
| Summary: | The transition to a more
innovation-based growth model is even more urgent in the
current uncertain global context[1]. While the GDP growth
rate has proven resilient in recent years, declining oil and
gas output, coupled with economic shocks, including the
recent COVID-19 pandemic, havedented the growth momentum. In
this difficult context, a sustained increase in private
investment, coupled with improvements in productivity willbe
necessary to maintain a sustainable economic growth
trajectory that enables Malaysia to reach high-income
status. There is a significant body ofevidence to
demonstrate a positive correlation between levels of
innovation and productivity. Malaysia recognizes the need to
embrace an innovation-driven growth model to weather the
current global crisis and achieve its aspirations of
becoming a high-income nation. Malaysia hastransformed what
was once an agricultural economy, to one that is
manufacturing-led. Recognizing the importance of
productivity led growth model,research and development
(R&D) resources and expenditures in Malaysia grew over
the years as did policy efforts through reforms and
improvements to bolster educational as well as science,
technology and innovation capabilities and outcomes. |
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