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]
Asian Studies | Growth and Development
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. Research Collection School Of Economics.
Available at: http://ink.library.smu.edu.sg/soe_research/100
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