ABSTRACT
The global economy is undergoing sweeping technological change, altering fundamentally the methods and organisation of the production of goods and services, the pattern of international trade, and the skills, information and institutions needed for industrial competitiveness. So broad and far-reaching are these technological developments that many analysts see the emergence of a new 'industrial revolution'. This revolution involves, not only new technologies (new processes and products), but also new management and organisational techniques, new forms of linkages between buyers and suppliers, and new, tighter relations between technology and science. This is the context in which Malaysia must meet the technological challenge, at a stage where it is making a vital transition to a more mature stage of industrial development.
