Challenges of Malaysian Labour Market

1.0Introduction Labour market is a key issue for more underdeveloped as well as developed countries. Whether the good deal are skilled or unskilled is determining instrument for the inflow of foreign direct investment (FDIs) to many developing nations. So, Malaysia depended on its abundant supply of literate and trainable labour phalanx to attract investments in the export-oriented electronics industry since the early 70s. This labour ferocity has gone through skilled upgrading and enhancement in the sometime(prenominal) three decades and today, Malaysia can boast of having a pool of relatively skilled and professional labour force that is capable of handling and developing state-of-the-art technologies. Despite these accomplishments, human labour which was and rest the key factor in driving Malaysias scotch growth. In charting the growth path for the first decade of the twenty-first century, Malaysia decided to engage in global information economy. As the Ex-Prime Minister Tun Datuk Dr. Mahathir Mohamad emphasised (Malaysia 2001a), …, the force of globalization, liberalization and information and communication theory technology open fundamentally changed the rules and nature of global trade, pick flows and competition. Obviously, the world is changing, the new event happen will profess labour market, and Government continue to hardiness many challenges.

In this paper researchers will examines the challenges of the global economy lie fore of Malaysian labour market. And researchers know that the countries that are able to face to the challenges will grow in success, while those failing to do so will decrease the speed of development. 2.0Discussion Section 2.1 building of Labour Force in Malaysia Since 1970, Malaysia has seen many changes. There have been reductions in poverty levels, improved health conditions and significant gains in per capita income. The Gross National Product per capita in 1998 prices increased 223% from RM2,414 in 1970 to RM7,794 in 1998 (Malaysia,... If you want to get a full essay, rear it on our website: Orderessay

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