Sabah: Is it a State Built by Local or Foreign Perspiration - softcover
Author: Ujin Matjin & Caroline Geetha
Publisher: Penerbit UMS
Weight: 146 g
Labour the main resource for production other than capital and technology or knowledge in an emerging country like Malaysia. The total factor productivity is high for labour compared to other resources. To enhance it further, the government came up with policies to upgrade the skills and knowledge of the workforce. Labour was combined with knowledge or technology to create human capital. The human capital was the main reason that attracted foreign direct investment into the nation. Knowledgeable and skilful human capital is also important to increase the total factor productivity of capital. Under the New Economic Model, the nation was separated into various corridors to attract foreign direct investment into the nation. The inflow of foreign direct investment guaranteed job opportunity, knowledge and technology and also export. This appreciates the exchange rate and purchasing power, eventually the economic growth of the nation.