Ingenieur Vol 58 April-June 2014 Ingenieur Vol 58 April-June 2014 | Page 74

INGENIEUR process and systems and was recognized as the major driver of the KBE (OPP3, 2001). In essence, the OPP 1 and OPP 2 policy strategies have helped to shift the export structure systematically from low-paying natural resources to high value-added manufactured goods and services. While in OPP3, with ICT as a major thrust, is poised to create new wealth through endogenous economic growth (EPU, 2001). As depicted in Figure 1, each long term plan was driven through the Five Year Malaysia Plans, which had their own development thrust, in particular growth with equity (1971-1990) followed by balanced development (19912000) and building a resilient and competitive nation. Notably, the past policy and development thrusts were FDI centric, while the current New Economic Model (NEM) and Tenth Malaysia Plan Figure 2 (2010-2015) emphasize endogenous growth by promulgating an innovation based economy and leveraging on DDI as well as innovation and R&D initiatives that have commercial elements. The new development strategy is aimed at lifting the nation out of its middle-income trap identified in the NEM formulation (NEAC, 2010). In this regard, as outlined in Figure 2, contemporary ICT, specifically ICT led innovation, is poised to play a significant role in moving the nation towards a high value-added economy and gross national income (GNI) (PIKOM, 2010). 6 72 VOL 58 APRIL 2013 2014 VOL 55 JUNE – JUNE In essence, Malaysia’s industrialization efforts through ICT manufacturing have successfully reduced the overdependence on agriculture or resource based sectors. Specifically, the economic contribution of the agricultural sector was 45.7% in 1960 but it experienced a significant reduction to 29% in 1970 and was subsequently reduced to 8% by 2000. In parallel, the manufacturing sector grew significantly, more than threefold over the same period, from 9.8% in 1960 to 13.9% in 1970 and 32.3% by 2000. The services sector also grew but at a slower pace, from 32.7% in 1960 to 52.4% in 2000 and poised to rise to 70% by 2020 when the nation is deemed to attain a fully developed nation status. In this regard, the ICT services sector has been regarded as one of the key components of the next engine of growth. CONTRIBUTION OF ICT SECTOR TO GDP By the definition stipulated in the Malaysian Standard Industrial Classifications 2000 (MSIC, 2000) the traditional ICT comprised ICT Manufacturing (ICT production) and ICT Services components (Computer and Telecommunications sub-sectors). Since its inception in early seventies, the structure of ICT Sector in Malaysia has undergone great upheavals. As per this definition in particular, share of ICT production component has drastically dropped from 74.3% in the year 2000 to 50% in 2010; in tandem the share of ICT Services components has gained a stronger footing in the economy by registering increase in its share from 25.7% to 50% over the period, as depicted in Figure 3. Driven by the labour intensive investment strategies in the 1970s, followed by capital intensive investment emphases in the 1980s, the ICT Sector \