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Feb 12, 2021 · This chapter presents an overview of the landscape of HCD in Malaysia. Relevant reports, plans, policies, and strategies to strengthen human capital through education and training is reviewed. Finally, a few issues and challenges that Malaysia experiences are discussed.
MALAYSIA faces a dual challenge – a rapidly ageing population and the need for dynamic human capital development. The recent Budget 2024 announcement reflected the government’s priority on developing new talent that are highly skilled and adaptable to a rapidly evolving world.
Mar 15, 2019 · The World Bank’s new Human Capital Index is a cross-country metric designed to forecast a country’s human capital by tracking the trajectory, from birth to adulthood, of a child born today. In the latest edition of the Malaysia Economic Monitor, we investigate how Malaysia fared using this method.
The newly released 2021/2022 Human Development Report shows that the country has maintained its position, at number 62 out of 191 countries and territories with a Human Development Index (HDI) score that is high enough to put it in the ‘Very High Human Development’ category of countries.
Malaysia has scored a 0.810 in the Human Development Index (HDI) which puts the country in the very high human development category, or 62nd place out of 189 countries and territories.
Human capital development is a critical enabler for driving and sustaining Malaysia’s economic growth. The availability of a skilled workforce is necessary to support the transition of all economic sectors towards knowledge-intensive activities, drive labour productivity gains, and attract investment into Malaysia.
Sep 21, 2022 · In this study, we explore the relationship between human capital index accumulation (health and education) and economic growth in Malaysia by using a Dickey–Fuller test with an Augmented protocol from 1979 and Philperrons tests from 1988, which have been conducted.
