Malaysian Technology Strategic Outlook

GLOBAL CHALLENGES

Technology advancements have always been for the good of mankind. Even though they have become increasingly complicated, they have also become increasingly connected. Today, they can be the ‘go-to’ solutions to solve our global challenges. Let us look at some of these global challenges and how each can be addressed using technology:

Sustainable development and climate change are the environmental challenges of today. They include access to clean water, deforestation, global warming, etc. ENVIRONMENTAL

ECONOMICAL

The threat of war, geopolitical unrests, trade barriers or sanctions, and financial crises, are examples of challenges that would impede economic growth, regardless of the use of technology to foster growth of industries and communities or preservation of the environment.

Hunger and malnutrition, population growth, migration and density, rising prices of food/water/energy, poverty, economic inequality, education, unemployment. These are the social challenges that most countries face today. SOCIAL

POLITICAL

Examples include maintaining peace and resolving conflicts, terrorism, taxation, governing policies, globalisation, government spending. These are just a few of the challenges seen from the political angle.

Addressing these global challenges will require all stakeholders to unite and forge together by:

a. Leveraging identified potential frontier technologies to realise a sustainable and inclusive growth for Malaysia. b. Complying with current policy frameworks to leverage frontier technologies and aspirations of the nation, whilst ensuring that they are deployed responsibly and by the highest ethical standards. c. Continuously collaborating in the deployment of frontier technologies to have the right impact to happen, between the relevant parties, adhering to the Quintuple Helix model of sustainable development.

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Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry

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