Knowledge Based Jobs

The knowledge-based economy will provide the platform to sustain a rapid rate of economic growth and enhance international competitiveness so as to achieve the objectives of Vision 2020. It will also strengthen Malaysia’s capability to innovate; adapt and create indigenous technology; and design, develop and market new products, thereby providing the foundation for endogenously-driven growth. In addition, the knowledge-based economy will complement and accelerate the change from an input-driven to a productivitydriven growth strategy, a major policy thrust initiated under the Seventh Malaysia Plan. In this respect, the fuller recognition of the role of knowledge input will enhance the productive capacity of the traditional factors of production as well as generate new sources of growth. This, in turn, will expand the production possibility frontier of the Malaysian economy. Several initiatives have already commenced to facilitate the smooth development of a knowledge-based economy. Malaysia, however, will accelerate its efforts during the Third Outline Perspective Plan (OPP3) period, particularly in the areas of human resource development (HRD), science and technology (S&T), research and development (R&D), infostructure and financing to position itself prominently in the global map of knowledge-based economies. It will also undertake measures to ensure that all segments of Malaysian society have equitable access to the new opportunities that will be generated.