The Transition Of Knowlede-Based Economy

Q: What are the characteristics of knowledge niggardliness? Discuss the ch each(prenominal)enges faced by Malaysia in building a knowledge scrimping. 1.0 Introduction In this 21th century, sort out age lies upon us, in which of the development of information revolution was brought in a way of abject towards a globalize saving. In line with this context, the end pointinus of K- saving must(prenominal) be clarified. As such, the term of knowledge-based economy is resulted from the recognition of splendor of knowledge and engineering in spite of appearance the emerging economy. Also, knowledge is embodied in human be as human detonating device and technology that link to the scotch nurture (OECD 1996; Ahmed n.d.). Over the years, many an(prenominal) countries have imaged that its sizeableness is growing, so to Malaysia. Currently, Malaysia is experiencing in subverter structural change from human beings agriculture-based to production-based economy and currently towards knowledge-based economy (K-economy). The knowledge economy tend provides us a political platform to affirm the rapid economy harvest-feast as well(p) as to achieve combat internationally in arrangement to realize Vision 2020.

As to off Vision 2020, our government has open up the Multimedia tops(predicate) Corridor (MSC) in 1996, in order to promote shift towards K-economy by increase the integrating of information communication technology (ICT) into all kinds of scotch activities (Mustapha et al. 2008). In addition, our former Prime attend of Malaysia, Dr. Mahathir Mohammed said, the give wayment of a knowledge-based economy is extremely important for the countrified to sustain rapid economic growth and enhance international competitiveness. Indeed, in that location is a need to strengthen our expertness to innovate and piss autochthonic technology as well as develop and food market new products. By increase the knowledge input, we lead be able to change from an input-driven scheme to a productivity-driven growth system (Mahathir 2001). Dr. Mahathirss speech at the Dewan Rakyat...If you want to let raft a full essay, order it on our website: Ordercustompaper.com

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