Title

Singapore's Transition to Innovation-Based Economic Growth: Infrastructure, Institutions and Government's Role

Publication Type

Journal Article

Publication Date

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

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

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

Additional URL

http://dx.doi.org/10.1111/j.1467-9310.2006.00422.x

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