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Published in:
2015 | OriginalPaper | Chapter
Case Studies of Technology Financing and Commercialization Programs — Asian Tigers
Author : Jarunee Wonglimpiyarat, PhD, ACCA, CPA, CIA, CFE, CGAP, CFSA, CISA, CISM
Published in: Technology Financing and Commercialization
Publisher: Palgrave Macmillan UK
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Malaysia and Thailand are the emerging tigers in Asian economies. Both countries are regarded as second-tier newly industrialized economies (NIEs) and Asian Tigers. Malaysia was ranked 15th in the 2013 International Institute for Management Development (IMD) world competitiveness ranking and 24th in the 2013 World Economic Forum (WEF) global competitiveness index. Thailand was placed 27th in 2013 in the IMD World Competitiveness Scoreboard and 37th in the 2013 WEF global competitiveness index. According to WEF global competitiveness index 2013–2014, Malaysia is a country in transition from an efficiency-driven economy toward an innovation-driven economy, while Thailand is an efficiency-driven economy. In both countries, public financing policies play an important role in driving technology transfer and commercialization.