{"id":1694,"date":"2021-06-02T03:05:15","date_gmt":"2021-06-01T19:05:15","guid":{"rendered":"https:\/\/www.ukm.my\/jem\/?post_type=article&#038;p=1694"},"modified":"2021-09-09T12:31:54","modified_gmt":"2021-09-09T04:31:54","slug":"the-role-of-human-capital-formation-and-skills-development-in-enhancing-competitiveness-of-the-malaysian-manufacturing-sector","status":"publish","type":"article","link":"https:\/\/www.ukm.my\/jem\/article\/the-role-of-human-capital-formation-and-skills-development-in-enhancing-competitiveness-of-the-malaysian-manufacturing-sector\/","title":{"rendered":"The Role of Human Capital Formation and Skills Development in Enhancing Competitiveness of the Malaysian Manufacturing Sector"},"content":{"rendered":"<p>The increasing importance of manufacturing exports has led to the need to acquire a competitive edge in the exports of this sector. Vital components in the acquisition of competitiveness lies in human capital formation and skills development. Malaysia&#8217;s current net manpower requirements demonstrate an acute shortage in skilled labor which can impede her competitiveness in the international arena. Although current policies have recoguised this, nonetheless there is still a need to consider supplementary measures such as tracking technology trends in order to ascertain new skills required. Furthermore, inculcating a training culture as well as enhancing professionalism will undoubtedly help skills development. Lastly, industry associations can also contribute to training while a more flexible system of wage determination will improve labor&#8217;s contribution to increasing competitiveness.<\/p>\n","protected":false},"template":"","tags":[],"jel-code":[],"article-type":[1329],"class_list":["entry","author-jem","post-1694","article","type-article","status-publish","article-type-normal-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Role of Human Capital Formation and Skills Development in Enhancing Competitiveness of the Malaysian Manufacturing Sector | Jurnal Ekonomi Malaysia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ukm.my\/jem\/article\/the-role-of-human-capital-formation-and-skills-development-in-enhancing-competitiveness-of-the-malaysian-manufacturing-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Role of Human Capital Formation and Skills Development in Enhancing Competitiveness of the Malaysian Manufacturing Sector | Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"og:description\" content=\"The increasing importance of manufacturing exports has led to the need to acquire a competitive edge in the exports of this sector. Vital components in the acquisition of competitiveness lies in human capital formation and skills development. Malaysia&#8217;s current net manpower requirements demonstrate an acute shortage in skilled labor whichContinue Reading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ukm.my\/jem\/article\/the-role-of-human-capital-formation-and-skills-development-in-enhancing-competitiveness-of-the-malaysian-manufacturing-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"Jurnal Ekonomi Malaysia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Jurnal-Ekonomi-Malaysia-JEM-104142808087485\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-09T04:31:54+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@EkonomiJurnal\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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