chapter 6 - Malaysia Productivity Corporation ( MPC)

Characteristics of Selected Top Innovation-Driven Economies
HONG KONG UNITED STATES SINGAPORE SWEDEN SWITZERLAND
• Outstanding
quality of
transport, energy,
and telephony
infrastructure.
• Hong Kong
world’s most
business friendly
environments
with world class
institutions,
infrastructure,
and the
dynamism of its
• It leads the
world in
sophistication.
• Hong Kong has
product markets
characterised
by openness
to foreign
ownership,
extremely low
trade barriers.
• Hong Kong has
a high level of
macro-economic
stability due to
management
which has
resulted in a
low level of
Government debt
and an improving
macro economic
environment.
• Having highly
sophisticated
and innovative
companies,
supported by
an excellent
university system
that collaborates
strongly with the
business sector in
R&D.
• Its economy
is extremely
productive,
endowed with
many structural
features.
• It has the largest
domestic
economy in the
world.
•
labor markets
and having
the ease and
hiring workers.
• The product
markets are
characterised
by low levels of
distortion within
the context of a
very competitive
environment.
• Singapore has
a strong focus
on education,
providing
individuals with
the skills needed
for a rapidly
changing global
economy.
• Good network
among the players
and regulators
to promote
collaborations
and new product
introductions.
• Singapore has
been assessed as
the best in the
world for both
lack of corruption
in the country,
Government
delivery system.
• Singapore also
performs well
its products and
labor markets and
sophistication.
• It also has a worldclass
infrastructure
with excellent
roads, ports, and
air transport
facilities.
•
corporate tax and
tax deduction
for R&D done in
Singapore.
• Sweden has
developed a very
sophisticated
business culture
and is one of the
world’s leading
innovators.
• The country
benefits from
the world’s most
transparent and
efficient public
institutions.
• Very low levels of
corruption and
undue influence
and a Government
that is considered
to be one of the
most efficient in
the world; public
trust of politicians.
• Private institutions
in Sweden
demonstrate
the utmost
ethical behaviour
supported by
strong auditing
and reporting
standards.
• Sweden puts
significant
emphasis on
creating the
conditions for
innovation-led
growth.
• Excellent capacity
for innovation
and a very
sophisticated
business culture.
• Switzerland’s
institutions
are among
the world’s
best, strong
collaboration
between the
academic
and business
sectors with
high company
spending on R&D.
• Switzerland has
an independent
judiciary, strong
rule of law,
and a highly
accountable
public sector.
• It has a highly
developed
labor market.
• Governance
structures ensure
a level playing
business
through
independent
judiciary, a
strong rule of
law and a highly
accountable
public sector.
Productivity Report 2011/2012
47