Publication: Assessing the Effectiveness of Public Research Institutions: Fostering Knowledge Linkages and Transferring Technology in Malaysia
Date
2020-10
ISSN
Published
2020-10
Author(s)
World Bank
Abstract
The transition to a more
innovation-based growth model is even more urgent in the
current uncertain global context[1]. While the GDP growth
rate has proven resilient in recent years, declining oil and
gas output, coupled with economic shocks, including the
recent COVID-19 pandemic, havedented the growth momentum. In
this difficult context, a sustained increase in private
investment, coupled with improvements in productivity willbe
necessary to maintain a sustainable economic growth
trajectory that enables Malaysia to reach high-income
status. There is a significant body ofevidence to
demonstrate a positive correlation between levels of
innovation and productivity. Malaysia recognizes the need to
embrace an innovation-driven growth model to weather the
current global crisis and achieve its aspirations of
becoming a high-income nation. Malaysia hastransformed what
was once an agricultural economy, to one that is
manufacturing-led. Recognizing the importance of
productivity led growth model,research and development
(R&D) resources and expenditures in Malaysia grew over
the years as did policy efforts through reforms and
improvements to bolster educational as well as science,
technology and innovation capabilities and outcomes.
Link to Data Set
Citation
“World Bank. 2020. Assessing the Effectiveness of Public Research Institutions: Fostering Knowledge Linkages and Transferring Technology in Malaysia. © World Bank, Kuala Lumpur. http://hdl.handle.net/10986/34612 License: CC BY 3.0 IGO.”