Mid-Term Review of the Twelfth Malaysia Plan
Chapter 4: Strengthening Key Enablers towards High-Income Economy
During the review period of the Twelfth Malaysia Plan, 2021-2025 (Twelfth Plan) focus was given on developing future talent, boosting digitalisation and advanced technology as well as enhancing efficiency of transport and logistics infrastructure in supporting economic growth. The strategies and initiatives for talent development contributed towards realigning the labour market and developing future-ready talent. Meanwhile, various initiatives were undertaken in advancing the digital economy, mainstreaming digitalisation for inclusive development, accelerating research, development, commercialisation and innovation (R&D&C&I) as well as capitalising advanced technology potential to improve national competitiveness and resilience. In enhancing efficiency of the transport and logistics services, measures were introduced to improve people mobility, industry competitiveness, and institutional and regulatory framework. However, challenges remained and hampered the realisation of national targets and commitment to achieve sustainable economic growth. In the remaining Twelfth Plan period, emphasis will be given to reform labour market, reshape talents for future of work, strengthen the digital economy ecosystem, and optimise the potential of R&D&C&I and escalate the advancement of technology. Meanwhile, efforts will be intensified to build resilient transport and logistics infrastructure. These efforts will further strengthen the key enablers in achieving a high-income nation, building upon the aspirations of ‘Ekonomi MADANI: Memperkasa Rakyat’ and the 2030 Agenda for Sustainable Development (2030 Agenda).
Progress, 2021-2022
In the Twelfth Plan, a total of 36 selected targets were identified in developing future talent, boosting digitalisation, and advanced technology as well as enhancing efficiency of transport and logistics infrastructure. During the review period, nine targets were achieved, 22 are on track, while five are still lagging. The performance of these targets is as shown in Exhibit 4-1. Exhibit 4-1 Performance of Selected Targets: Boosting Digitalisation and Advanced Technology
Strategy D2: Elevating Adoption of Advanced Technologies
Enhancing Innovation and Indigenous Technological Development
Focus will be given to develop sufficient and competent STI talent pool towards enhancing innovation as well as indigenous technological creation and development. For this purpose, strategic collaboration with relevant stakeholders will be strengthened to allow thorough assessment and address STI talent needs effectively. Additionally, efforts to improve the performance of selected key indicators in the Global Innovation Index (GII), such as the Programme for International Student Assessment (PISA) scales in reading, mathematics and science as well as tertiary enrolment in STEM will be given priority. In this regard, the Inter-Agency Global Innovation Index Competitiveness Monitoring Committee (JIPGII) will be established to monitor and recommend intervention measures to enhance the innovation ecosystem.
For more information about Mid-Term Review 12MP : Summary of the 12th Malaysia Plan Mid-Term Review