How does a country become competitive and innovative?

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NSTopinion This country must focus on high technology to be competitive and innovative.

The new Government must find ways to strive for the betterment of the rakyat and the growth of the country. I’m sure citizens like you and me want the Government to focus on putting the economy back on track. We have enough ugly politics that negates the nation’s economic growth.

What does it take to be competitive and innovative? The World Economic Forum’s annual Global Competitiveness Report defines the concept of competitiveness as an economy’s productivity and the effectiveness of its institutions and policies. A competitive country must promote human capital where acquired knowledge meets the required skills and it must look at expanding its product markets and market size, driven by highly trained labour in relevant industries.

The nation’s developed infrastructure, health, labour market, and financial system have propelled it forward, pushing the United States into second spot. But even before they made breakthroughs, these countries invested a great deal in creating excellent education systems.

 

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