I told the Prime Minister that Musa’s clarification is unsatisfactory
for at least four reasons:
In my email to the Prime Minister, I stressed that the public outcry
over unfair university admissions was a bad start for the Third Outline
Perspective Plan, the Eighth Malaysia Plan and the National Vision Policy
to forge a united nation consisting of a progressive and dynamic Bangsa
Malaysia which is globally
competitive.
I urged the Cabinet to immediately resolve the public controversy over university admissions as its prolongation will not only be a great setback in forging a Bangsa Malaysia but will be a new and major factor to undermine efforts to restore investor confidence in the future of Malaysia and our economy.
This is because the message the government is sending out from the unfair university admissions controversy is that the government is not attuned to the needs of the new K-economy, does not give the highest priority to talents, creativity, skills and innovation but only interested in quantity and not quality of higher education in the country.
This will be a major constraint to Malaysia’s success to become a knowledge-based economy, when in all the advanced nations, knowledge is supplanting physical capital as the source of wealth and a nation’s prosperity in the new era will depend on the quality of its higher education.
Today, global wealth is concentrated less and less in factories, land, tools, and machinery. The knowledge, skills and resourcefulness of people are increasingly critical to the world economy. Human capital in the United States is now estimated to be at least three times more important than physical capital.
The Cabinet should wake up to this reality in the new economy that human capital is more important than physical capital, and that the quality of knowledge generated within our higher education institutions is becoming increasingly critical to our national competitiveness.
Malaysia must not only expand the quantity but also improve the quality
of higher education in Malaysia, and the Cabinet should urgently redress
the policy neglect to develop high-quality university education system
by ensuring that all SPM and STPM top scorers are admitted to local universities,
and for the current crop of university admissions, approve a four-point
plan comprising:
(13/5/2001)