TODAY'S workplace, with its focus on managerial skills and technological innovation, imposes higher educational demands on the labour force of developing nations, including Malaysia.
Lower labour cost is no longer sufficient to attract investments. In its place, the “human capital of the local labour force” is gaining momentum as labour cost differentials or proximity to raw materials become less important in decisions to locate technology-intensive facilities. Like other capital, human capital could be increased through investment in, and commitment to, human factors such as education, training and healthcare.
