Strategy to Address Dependence on Foreign Workers, Labour Market Demands
The prime minister of Malaysia announced his governmentʹs ʺimmediate focus would be to enhance skills development and improve the quality of education.ʺ By ʺthe constant upgrading of skills of the countryʹs workforceʺ he hoped to improve the countryʹs ʺglobal competitiveness and raise average incomes of workers.8 The long-run benefit of enhancing ʺskill development and improve. educationʺ is to

Question

Quizplus · Accepted Answer

Enhancing skills development and improving the quality of education will lead to the development of a better-skilled labor force. A better-skilled labor force will lead to an increase in labor productivity which will ultimately speed up economic growth. Therefore, the long-run benefit of enhancing skill development and improving education is to speed economic growth.