I would like to review an article about manufacturing sector in
Malaysia. This article title is
High-value manufacturing Malaysias next frontier dated May, 14
2014 from Business
Circle.
Based on this article, it stated that in 2005, service sector
has increased from 47
percent to 55 percent of nations GDP in 2013. On the other
hands, manufacturing sector
decreased from 28 percent to 25 percent of nations GDP. Chief
Executive Officer of
Performance Management and Delivery Unit, Dato Sri Idris Jala
said that services sector is
unfriendly exportable compared to manufacturing sector. Service
sector create a service
whenever a client require it while manufacturing sector produce
goods for stock that aligned
with market demand. We can see that service sector might face a
situation where there are no
requirement needed because no customer need it but manufacturing
sector will always
produce goods without a customer order because some of the goods
are forecasted to be
needed in the future. Maybe in future, the services needed also
need to be manufactured
because of the progress of technology. Thus, manufacturing
sector, in future, is quite
exportable.
Manufacturing sector can be innovated by research and
development because as it is
exportable, it will improve Malaysias export numbers and make
the country growth more
sustainable. The investment in research and development not only
increase Malaysias growth
income but also increase the job opportunity. More specialists
are needed to research and
develop the manufacturing sector which contributes to 20 percent
to 30 percent of high-value
positions. Therefore, more parties have to play their role to
produce the specialist to conduct
the R&D in manufacturing sector. The government, for
instance, has to produce this human
capital since at school. Thus, expert teachers are needed so
that young people are exposed to
the benefits of R&D especially to the country. Universities
in Malaysia should empowered to
develop and retain capable talent to conduct the R&D. The
capital to conduct the R&D also
needed with the investment of local and foreign sources because
without proper technologies,
the R&D are not good enough for the development of
manufacturing sector in Malaysia.
It is important for many parties to play their role because as
the manufacturing sector
continue to develop and innovate, Malaysia will easily face the
challenging economic in the
future by year 2020 as Malaysia has a vision to become a
developed country in 2020. Without
innovation and development in manufacturing sector, it will not
give a huge contribute to the
nations GDP. It will be an unfortunate for Malaysia to not
accept the challenge to develop
manufacturing sector as the technologies continue to grow day by
day.
