The National Economic Advisory Council (NEAC) wrote in March last year: “Malaysia faces an exodus of talent. Not only is our education system failing to deliver the required talent, we have not been able to retain local talent of all races nor attract foreign ones due to poor prospects and a lack of high-skilled jobs.”
Human capital lies at the heart of any high-income economy. It is key to Malaysia's transformation agenda. Not surprisingly, human resource development features prominently in the New Economic Model. Simply put, we will need to develop, attract and retain talent. Yet, the brain drain the cross-border migration of talent runs counter to the compelling domestic need for a more skilled, more innovative and more entrepreneurial labour force to be able to constantly add value.
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