Monday, May 01, 2006

Human Capital



Developing and harnessing human capital will be the Government’s main focus in making Malaysia a developed nation by 2020, said Datuk Seri Abdullah Ahmad Badawi.

The Prime Minister said the Government would focus on efforts to develop and capitalise on the country’s human capital potential.

Abdullah said human capital was the most important element in ensuring a country’s competitiveness and resilience. He said developing human capital with "first-class mentality" should be the priority if the country wished to move towards a knowledge-economy and become a developed nation with its own identity and the resilience to maintain it.

"In today’s globalised world, quality human capital is a necessity and no longer a luxury," he said.

"The people should equip themselves with knowledge and skills. Life-long education must be our culture," the Prime Minister said.

I agree with the PM. But I must ask him whether he understands what is human capital and what are the critical success factors that are necessary for the system to procure those assets and how will the system monitors and control the assets, sustaining them and utilise them?

Unfortunately, for a nation that aspires to harness human capital, the first and foremost requirement is political will and a need for a matured legislature that would strives endlessly to protect and procure those human capital assets. To do that, the legislation must be manned by intellectuals with the mindset and determination towards achieving the dream.

However, looking at the current parliamentarians and the issues been debated in the parliamentary sessions, it seems a far-fetched dream. In almost every parliamentary session, we hear of these MPs debating about dragon fruits, tudung, gatal, and many other nonsensicals. Hardly did we hear of parliamentarians, particularly, those from the ruling regime who had voiced strongly about the brain drain, the inadequate system in education that had caused so much anxiety to those who did well in their school education and were not given places in public universities. We often hear of politicians and ministers who shout about the unlevel playing fields, about the need to enhance rent-seeking without the need for meritocracy and hardworks, and the need to provide more handouts to the ruling party's members. Equally, we see racial compositions as the criteria for selection, election and promotions of officers and employment to civil services. Meritocracy hardly exist. Mediocrity is the name of the game.

Would we be able to harness and built a system of human capital that is sustainable?

Unless the ruling party is integrated into a homogeneous grouping; unless a truly Bangsa Malaysia comes into effect, the call by the PM is just another rhetoric and a shout in the cloud. It will not rain!

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