Technology Mastery The Way To Become High-Income Nation
CYBERJAYA, Aug 19 ― The only way for Malaysia to become a high-income nation is to become a high-tech country, Prime Minister Tan Sri Muhyiddin Yassin said.
He said history has proven that military and economic might, and world superpowers are highly dependent on the mastery of technology.
To put it in context, the prime minister said some two decades after the Second World War, Malaysia’s gross domestic product (GDP) was still far higher than of South Korea’s and Taiwan’s, but just two years on, Taiwan overtook, followed by South Korea in 1977. He attributed their success to mastery of technology.
Launching the National Technology and Innovation Sandbox (NTIS) here today, Muhyiddin said the (NTIS) initiative will help support and intensify the government’s efforts to develop technological fields and commercialise local technologies.
NTIS, an initiative under the National Economic Recovery Plan (Penjana), can accelerate economic growth opportunities through the use of disruptive technology such as Artificial Intelligence (AI), robotics, drone technology, sensory technology and 5G infrastructure in the mission to overcome domestic issues.
“These include foreign labour dependence, food security risk, healthcare and issues concerning the digital divide,” he said.