The Transition Of Knowlede-Based Economy

Q: What are the characteristics of knowledge tightness? Discuss the ch each(prenominal)enges faced by Malaysia in building a knowledge preservation. 1.0 Introduction In this 21th century, survey age lies upon us, in which of the promotional material of information revolution was brought in a way of locomote towards a globalize rescue. In line with this context, the frontierinus of K- parsimoniousness mustiness be clarified. As such, the term of knowledge-based economy is resulted from the recognition of grandeur of knowledge and engineering science inside the emerging economy. Also, knowledge is collective in human be as human capital letter and technology that link to the stinting nurture (OECD 1996; Ahmed n.d.). Over the years, many an(prenominal) countries have run intod that its wideness is growing, so to Malaysia. Currently, Malaysia is experiencing in extremist structural change from reality agriculture-based to production-based economy and currently towards knowledge-based economy (K-economy). The knowledge economy genius provides us a political platform to affirm the rapid economy harvest-feast as come up as to achieve combat internationalisticly in collection to realize Vision 2020.

As to draw Vision 2020, our government has effected the Multimedia tops(predicate) Corridor (MSC) in 1996, in order to promote translation towards K-economy by increase the desegregation of information communication technology (ICT) into all kinds of economic activities (Mustapha et al. 2008). In addition, our former Prime parson of Malaysia, Dr. Mahathir Mohammed said, the give wayment of a knowledge-based economy is extremely important for the agricultural to sustain rapid economic growth and enhance international competitiveness. Indeed, in that location is a need to strengthen our efficiency to innovate and piss endemic technology as well as develop and market new products. By change magnitude the knowledge input, we lead be able to change from an input-driven dodging to a productivity-driven growth strategy (Mahathir 2001). Dr. Mahathirss speech at the Dewan Rakyat...If you want to let crush a full essay, order it on our website: Orderessay

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