The second panel discussion focused on â€śDeveloping Creativity and Innovation, Rethinking Human Capital Developmentâ€ť with the Director of CPPS, Ng Yeen Seen, moderating the session and U K Menon, Deputy Vice Chancellor of WOU, Prof Norma Mansor, Secretary to the NEAC, Tunku Alizakri Raja Muhammad Alias, Deputy Director of Strategic Management Department, Bank Negara Malaysia and Datuk Dr Denison Jayasooria, Member of National IT Council and Principal Research Fellow of KITA (Institute of Ethnic Studies), Universiti Kebangsaan Malaysia as the panelists.
The first session discussed how the NEM could be seen as a courageous effort to address issues such as human capital development, Malaysiaâ€™s brain drain, and talent management, in order for the nation to compete with its neighbours. The panel also discussed how the NEM could build a more competitive Malaysia and improve living standards (currently, 40% of Malaysian households at the bottom of the earnings pyramid survive on less than RM1,500 per month). The need to identify the role and importance of institutions especially with regards to judicial independence, reinstating the role of Parliament, and promoting a freer media was also brought up. The panelists noted that positive steps in these directions could support and sustain the countryâ€™s growth holistically.
The idea of language as a factor for development was discussed, as one possible reason behind the declining standards of developing talents in Malaysia is the fall in English language usage. To nurture talent, the panel suggested that the process of recruiting talent should transcend borders and nationalities, and that experienced people should be brought to Malaysia. Since the successful implementation of the NEM could create a stimulating environment for entrepreneurship and innovation, it is important to focus on the areas Malaysia wants to develop, as the nation has limited resources and limited time.
The lively session attended by over 120 participants came to an end after concluding remarks by Datoâ€™ Mah Siew Keong, Chairman of SEDAR Institute.