Innovation and research skill for knowledge-based economy of Myanmar

Abstract

PurposeThis study aims to assess current status of innovation and research skill in Myanmar that could contribute to the knowledge-based economy.Design/methodology/approachThis paper suggests a critical review-based methodology that studies the knowledge-based economy of Myanmar, a beautiful country with all potential of practicing innovation and research skill. Employability skills among students and professionals make them professionally competent, thereby contributing the country as a knowledge-based economy (KBE). The KBE can ensure that a country becomes the biggest and sustainable economy in the world. Innovation and research-based skills play the most significant roles in novel contributions and consistent growth in all sectors of economy. Thus, it has been studied and concluded that Myanmar has been doing great to encourage, rather practice, the modern research and innovation skills in making it a KBE country. There are few important challenges that create gaps between skill development and KBE nation, which are identified, and the recommendations have been made to overcome the challenges envisaging Myanmar as a KBE. Quality indicators and a set of skills and viable ways of their development are identified.FindingsThe innovation and research-based skills need great attention in this country. However, the sincere efforts have been already initiated by the Government of Myanmar through few important activities.Originality/valueThe critical analysis of the study of status of innovation and research skill is based on an honest and extensive study of important documents and recommendations of various reputed organizations and universities. Thus, the reflections of the current status and recommendations are thoroughly novel.