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Showing posts with label talent corp. Show all posts
Showing posts with label talent corp. Show all posts

Wednesday, July 24, 2013

Media Statement: Talent Corp needs 300 years to reverse brain drain (EN/CN)


Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar should do his mathematics before saying that the Talent Corp Program has been effective in reversing brain drain. In fact, at its current efficiency, it will take at least 300 years to reverse Malaysian brain drain. 





It is impossible for Malaysia to become a high-income nation without good quality of human capital. Malaysia needs talent, but talent seems to be leaving. According to the World Bank Report in 2011, 2 out of 10 tertiary-educated Malaysians opting to leave Malaysia for greener pasture.

In his reply to Liew Chin Tong’s question in the parliament, Datuk Seri Abdul Wahid Omar said that the Talent Corp program has been effective in reversing brain drain and the RM 65 million operating cost since 2011 was worth spent.

We would like to remind Datuk Seri Abdul Wahid Omar that according to the World Bank report brain drain represents one third of the strong one million Malaysian diaspora, i.e there are more than 300,000 Malaysian professionals settled down outside of Malaysia. The Talent Corp program however, has only succeeded in bringing back 680 Malaysians professionals in 2011, 923 in 2012 and 502 up to June this year. Even at 1,000 professionals returning every year, at this ‘reverse’ rate, it will take 300 years for Talent Corp to reverse Malaysia brain drain. This is also the most optimistic estimation based on the assumption that there is no further brain drain.