OECD Reviews of Innovation Policy: Malaysia 2016
The OECD Reviews of Innovation Policy offer a comprehensive assessment of the innovation system of individual OECD countries and partner economies, focusing on the role of government and concrete recommendations to boost innovation performance and R&D policies.
While Malaysia successfully transformed its economy from agriculture and mining towards manufacturing and more recently services, it is currently facing an economic slowdown and new competition. Mobilising new sources of growth will allow Malaysia to respond to these challenges and re-energise its economy through innovation-driven productivity gains.
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Innovation performance in Malaysia
This chapter examines the innovation capabilities and performance of the business and public research sectors. It begins with a review of the significant increase in R&D efforts, as evidenced by the increase in STI expenditures and personnel, although still insufficient and uneven. It then examines the mixed results of these efforts, from direct outputs to commercialisation.
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