The History Of The Human Development Report Economics Essay

Besides turn uping in the same part and being adjacent states, there are besides similarities between the scientific discipline and engineering Parkss in Malaysia and Singapore. In Singapore, the Singapore Science Park was established in 1981 which occupies 30 hectares of land and it caters to hi-tech fabrication. There are three scientific discipline and engineering Parkss in Malaysia, the first is the Kulim High-Tech Park which was established in 1993 which occupies 1,486 hectares of land and the park besides caters to hi-tech fabrication, the 2nd is Technology Park Malaysia which was established in 1995, occupies 120 estates and caters to research and development, and in conclusion the Multimedia Super Corridor which was established in 1996 and occupies 750 square kilometres of land, and caters to package and Information Technology services. Although Malaysia has more figure of establishments and employees in their scientific discipline and engineering Parkss at a entire 58 establishments and 13000 employed compared to Singapore ‘s 19 establishments and 7000 employed, both states ‘ scientific discipline and engineering Parkss portion similar strength and failings. The scientific discipline and engineering Parkss in both states have strong physical and institutional substructure, and foreign direct investing, but their domestic markets are weak. In add-on, the scientific discipline and engineering Parkss in both states assure a rapid change of research and development result to hi-tech industries and have become a new scheme to develop scientific discipline and engineering. Furthermore, the authorities in several states plays an of import function to advance the development of scientific discipline and engineering Parkss which includes support for research institutes and centres and substructure edifice, and besides supplying revenue enhancement inducements to the renters. Not to advert, universities in both states play severally minor functions in scientific discipline and engineering Parkss, which is so in contrast to those in the United States and Europe where the universities are normally the 1s in taking enterprise. Last but non least, Malaysia and Singapore face tough competition from other scientific discipline and engineering Parkss in the part in pulling foreign investings, peculiarly due to the entry of China into the World Trade Organization, where many first hi-tech companies seeking for high returns may see switching their investings to the scientific discipline and engineering Parkss in China as China has a immense potency to go the universe leader in scientific discipline, engineering and invention within the following twosome of decennaries.

From the informations collected from the Human Development Report ( HDR ) , World Development Report ( WDR ) , and the World Competitiveness Yearbook ( WCY ) , we can compare Malaysia ‘s and Singapore ‘s instruction index, human resources ranking, per centum of 20-24 twelvemonth old enrolled in third instruction, young person ( ages 15-24 ) literacy rate, grownup ( ages 15 and supra ) literacy rate, combined primary and third gross registration ratio, proficient registration as per centum of all secondary pupils, scientific discipline and engineering alumnuss as per centum of all alumnuss, technology registration as per centum of population, research scientists and applied scientists per 10000 of labour force, and public instruction outgo as per centum of Gross National Product ( GNP ) as of 2000. Data shows that the instruction index – the expected and average old ages of schooling, and human resources ranking were comparatively low compared to Singapore as the instruction index and the human resources ranking of Malaysia was 0.80 and 66.5 severally, whereas Singapore ‘s instruction index and human resources ranking were 0.87 and 70.7 severally. Besides that, the young person literacy rate of Malaysia and Singapore were 97.3 and 99.7 severally and the grownup literacy rate of Malaysia and Singapore were 92.3 and 97.5 severally. Furthermore, the per centum of 20-24 twelvemonth olds enrolled in third instruction, and combined primary and third gross registration ratio were 13 and 66 severally for Malaysia, and 53 and 75 severally for Singapore. It is besides non flooring to see that the research scientists and applied scientists per 10000 labour force in Malaysia, at 10 outnumbered by those in Singapore which was at 85. It is due to the fact that the proficient registration as per centum of all pupils, scientific discipline and engineering alumnuss as per centum of all alumnuss, and technology registration as per centum of population of Malaysia were at 2.2, 39 and 0.16 severally, trailed behind tremendously of those in Singapore at 5.6, 63 and 0.65 severally. Even though Malaysia ‘s public instruction outgo as per centum of GNP at 4.9 was really surpassing Singapore ‘s at 3.0, it does non look that Malaysia is exceling Singapore in footings of engineering ; hence this shows that public instruction outgo is non important for human capital development. In add-on, the serious encephalon drain job in Malaysia contributes to the deficiency of handiness of skilled human capital for scientific discipline and engineering, whereas Singapore successfully implemented a broad in-migration policy to pull scientists and applied scientists from other states to work in its metropolis.

With different research and development schemes, Malaysia ‘s gross outgo on research and development which is the gross domestic outgo on research and development divided by the gross domestic merchandise was at 0.49 per centum during 2000. Therefore, it can be seen that Malaysia ‘s research and development investing was considered as irrelevant compared to the gross outgo on research and development of Singapore which was at 1.92 per centum during 2000. Likewise, the figure of patents of Malaysia granted in the United States during 2000 was simply 30, while there were 144 patents of Singapore granted by the United States in the same twelvemonth. The deficit of fiscal resources and the deficiency of skilled research and development forces are the cardinal factors that limit research and development activities in Malaysia. Additionally, most of Malaysia ‘s research and development outgo are used in applied research, while Singapore concentrates more on experimental development. Plus, in Singapore, most of the research and development research financess are given to the electronics fabrication industry, by which the industry contributes to the national gross domestic merchandise the most, unlike in Malaysia, most the financess are chiefly focused on the agricultural sector as Malaysia does non detect the importance of the fabrication sector, despite that the fabrication sector has been driving Singapore to go a hi-tech exporter in the universe. Malaysia ‘s research and development productiveness remains reduced because the capital outgo constitutes a bigger portion than labour costs in research and development outgo by assorted costs. During 2000, capital outgo was reported for over 40 per centum of the entire research and development outgo in Malaysia whereas it composed of less than 25 per centum in Singapore. At the same clip, labour costs were reported merely non more than 20 per centum of the entire research and outgo in Malaysia, whilst in Singapore it is near the 40 per centum grade.

Even though Malaysia and Singapore portion several similarities in scientific discipline and engineering Parkss, Malaysia is non as advanced and developed compared to Singapore due to the fact that Malaysia have scarce and less capable human capital, and it is at a unreassuring degree, albeit holding a larger population and more institutes of higher acquisition. Apart from that, Malaysia ‘s unknowingness of the importance of the fabrication sector and the consequences it produces may be caused by the deficiency of accent on the significance of research and development for long term benefits, whereas Singapore ‘s electronics fabricating sector to the full utilized the fund given to them and supply its state with great economic wealth, and at the same clip going a more developed state. Therefore, to convey Malaysia back to the right way, the authorities can promote both private and public institutes of higher acquisition to change by reversal the current ratio of humanistic disciplines to science pupils from 60: 40 to at least 40: 60. The Malayan authorities can besides follow the footfalls of Singapore to present broader in-migration policies to pull foreign endowments to decrease the encephalon drain job. Furthermore, labour costs should be given the most precedence in footings of research and development outgo as research and development forces were non having every bit much pay compared to those in Singapore, therefore the encephalon drain job. Despite Malaysia holding stable macroeconomics basicss, more committednesss and attempts must be made to set Malaysia on par with Singapore and other developed states in footings of engineering.