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TOPIC 5 : INDUSTRIAL SECTOR (PROBLEMS / CHALLENGES FACED BY INDUSTRIAL…
TOPIC 5 : INDUSTRIAL SECTOR
PHASES & GROWTH THE INDUSTRIAL SECTOR
Export orientation (1970)
Resources based industry & heavy industry
Import substitution (1957- 1960)
High technology industry (1990)
PROBLEMS / CHALLENGES FACED BY INDUSTRIAL SECTOR
Lzck of R&D
Poor technologies capabilities
High cost production
Lack of skilled labor
Weak of industrial linkages
IMPORTANCE OF INDUSTRIAL SECTOR
Contribution to GDP, emp[oyment & capacity
Helps in modernization of the economy
Creatyes linkages between this sector & other sectors
Creates linkages between heavy, medium and small industries
MASTER PLAN
INDUSTRIAL MASTER PLAN 2
INDUSTRIAL MASTER PLAN 3
INDUSTRIAL MASTER PLAN 1
STRATEGIES TO INCREASE INDUSTRIAL SECTOR
Increase the use of ICT
Developing resilient SME
New investment by private sector
Rate of FDI
WHAT IS FDI?
DEFINITION
Occurs when entity from the home country required the controlling interest in an entity in another host country
BENEFITS
Increase the quality product
Increase national income
Connecting initiative BOP
Reduce unemployment rate
ACTION TO ATTRACT FDI
Educated workforce
Political stability
Good infrastructure
Protection for investment
FACTORS THAT FACED THE PROBLEM OF SME IN M'SIA
Lacjk of R&D
Low level productivity
Higher purchase cost of raw materials
Shortage of skilled personnel