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166777
Wed, 03/09/2011 - 10:55
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Malaysia needs to enhance human innovative capacity

KUCHING (Sarawak, Malaysia), March 9 (Bernama) -- Malaysia slipped three ranks to 28th position from 25th in the latest ranking of the world's most innovative economy, according to the Global Innovation Index (GII) Report 2009-2010.

Deputy Minister of International Trade and Industry, Jacob Dungau Sagan, said the report showed that the country needed to enhance its human innovative capacity.

"Lacking in this crucial development, we would be left behind in the future and thus delay our national agenda of becoming a high-income nation," he said in his keynote address at the seminar on "Creating Excellent Organisation Through Creativity and Innovation" here Wednesday.

He said to enhance human capital skills and innovative capabilities, talented Malaysians abroad should come back to serve and build the country.

"The transition to an innovation-driven economy requires skills,
competencies and capabilities to meet the needs of knowledge-intensive and skills-based industries," he said.

Meanwhile, Malaysia Productivity Corp (MPC) director, Abang Abdul Karim Abang Openg, said the corporation would focus on the creativity and innovation aspects this year.

"MPC will introduce several process innovation programmes focusing on developing a system to diagnose the innovative state of the companies and improve innovation process," he said.

The GII report, covering 132 nations, was compiled by international business school INSEAD, in collaboration with India's leading industry association, Confederation of Indian Industry.

It measures how specific aspects of an economy can stimulate innovation.

Iceland topped the global innovation list, followed by Sweden, Hong Kong, Switzerland, Denmark, Finland, Singapore, Netherlands, New Zealand and Norway

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