On the economic front, some policies of the country are causing 'brain drain', our labour market is trading the skilled for the unskilled foreigners (who may even get PR status or citizenship).
Recent Economic News:
UNDP Resident Representative for Malaysia, Singapore and Brunei, Kamal Malhotra said said recently that Malaysia is trapped in middle-income rut................
Malaysia is no longer that competitive in labour-intensive economies because it's labour cost is no longer low unlike previously but FDIs will go to a country even if the labour cost is high as long productivity matches the cost of that labour. That is what stuck in the middle income means basically. You're stuck because you can't compete in the low end nor compete in the high end, Malhotra said.
....................."If you look at data provided by the government and you look at the net flow on the labour side in the last 10-15 years, what you have is the inflow of unskilled or semi-skilled workers, mainly from Bangladesh, Indonesia, Philippines but you actually have a net outflow of skills, either students abroad who don't come back or reduced number of expatriates coming in.
"The flow is in the wrong direction," he pointed out.
......read more at Bernama HERE
Malaysia News and Views:
- Brain drain: Understanding the root causes 2011-05-11
- JPA scholarship: A bond-free scholarship for young Malaysians 2011-05-15
- Ignore race rhetoric, says Talent Corp
- It is still not enough 2011-05-16
- Shame on you, Najib 2011-05-16
