Malaysia's Multidimensional Efforts to Implement New Innovation Paradigms

Abstract

Malaysia is one of the developing countries which has the fastest growth rate. It is in its last miles to achieve its goal to become a high-income advanced nation by 2020. The country has enormously reduced its poverty rate and curtailed its inequality gap shaped by various policies and initiatives. With the rate of the poor is now less than one percent, the focus has reoriented to elevate the bottom 40 percent (B40) households to middle-income households. Various initiatives have been strategised to address the B40 which also include innovation initiatives that are aimed at addressing the marginalised in Malaysia. The initiatives seek to provide the marginalised with better access to services and products and job opportunities by empowering them to contribute to society. Hence, this paper seeks to take stock the government policy measures as well as the initiatives by reviewing the relevant documents. The findings show that the existing government innovation efforts are aligned with the national and global agenda on sustainable development, where inclusivity and sustainability remain as its main agenda. The authors proposed an integrated framework of implementation to serve as a tool to guide policymakers for better implementation in the future