Publication Type
Book Chapter
Version
publishedVersion
Publication Date
11-2016
Abstract
Singapore presents an interesting case of how a country achieves dynamic economic development and innovation through the "invitation" strategy of a business hub. Despite being a small city-state with limited domestic market size and no meaningful hinterland or natural resources to speak of, Singapore has managed to transform its economy dramatically over the past 50 years by leveraging the strengths of other economies. Specifically, it has been able to attract (or "invite") various types of productive resources, including foreign capital, foreign technology and foreign workers (both skilled and unskilled) to make up for what it lacks. This has helped Singapore not only achieve sustained growth and development but also enhance its innovative capacity.
Keywords
Singapore, business hubs, foreign investment, Asia, Special economic zones
Discipline
Asian Studies | Growth and Development | Macroeconomics | Technology and Innovation
Research Areas
Macroeconomics
Publication
Promoting dynamic and innovative growth in Asia: The cases of special economic zones and business hubs
Volume
16-01
Editor
Hyung-Gong JEONG; Douglas Zhihua ZENG
First Page
151
Last Page
207
ISBN
9788932216690
Publisher
Korea Institute for International Economic Policy
City or Country
Korea
Citation
TAN, Kim Song.
Invitation strategy for cutting edge industries through MNCs and global talents: The case of Singapore. (2016). Promoting dynamic and innovative growth in Asia: The cases of special economic zones and business hubs. 16-01, 151-207.
Available at: https://ink.library.smu.edu.sg/soe_research/1923
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
http://www.kiep.go.kr/eng/sub/view.do?bbsId=policyAnalyses&nttId=191699
Included in
Asian Studies Commons, Growth and Development Commons, Macroeconomics Commons, Technology and Innovation Commons