Publication Type
Journal Article
Version
acceptedVersion
Publication Date
3-2006
Abstract
Technological progress and innovation plays a central role in a country's economic progress. As an economy advances to the global technological frontier and narrows the technological gap, an innovation-based growth strategy that focuses on investments in R&D and technology creation offers the greatest potential for economic growth. In this paper, we discuss the requirements for a successful transition, in terms of changes to the technology infrastructure, economic institutions and the incentives' structure. This paper outlines the efforts made by Singapore to re-make itself as an innovation-based economy, and the challenges faced by the government in transforming the nation's infrastructure and institutions to develop innovation capabilities and encourage entrepreneurship. [ABSTRACT FROM AUTHOR]
Discipline
Asian Studies | Growth and Development
Research Areas
Applied Microeconomics
Publication
R&D Management
Volume
36
Issue
2
First Page
143
Last Page
160
ISSN
0033-6807
Identifier
10.1111/j.1467-9310.2006.00422.x
Publisher
Wiley
Citation
KOH, Winston T. H..
Singapore's Transition to Innovation-based Economic Growth: Infrastructure, Institutions and Government's Role. (2006). R&D Management. 36, (2), 143-160.
Available at: https://ink.library.smu.edu.sg/soe_research/100
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1111/j.1467-9310.2006.00422.x