Competing at the Frontier: The Changing Role of Technology Policy in Singapore's Economic Strategy

Posted: 17 Nov 2009

See all articles by Winston T.H. Koh

Winston T.H. Koh

Singapore Management University - School of Social Sciences

Poh Kam Wong

National University of Singapore (NUS) - Department of Business Policy

Multiple version iconThere are 2 versions of this paper

Date Written: 2005

Abstract

The purpose of this paper is to determine the role of governments in developing a national innovation system with an emphasis on technology and entrepreneurship. Specifically,the study focuses on the economy of Singapore. Three features of innovation-based growth strategy are considered: (1) a well-developed technological structure, (2) a set of capabilities-focused science and technology policies,and (3) a coordinated shift in government institutions and policies. Singapore's shift from Third World to First World status has resulted in a need for a change in strategy from the implementation of technology to the creation of technology. The Singaporean government is expected to focus on converting local startups into world-class companies. It also seeks to be the center of all entrepreneurial activity in the region. A change in the social views of entrepreneurship is an important step to be taken. Finally, there is a need for connections with technologically-advanced countries that can present opportunities for growth in Singapore.(SRY)

Keywords: Attitude change, Economic growth, Economic policies, Growth strategies, Knowledge economies, Public policies, R&D, Science, Technology innovation, Technology policies, Technology transfer, University-industry relations

Suggested Citation

Koh, Winston T.H. and Wong, Poh Kam, Competing at the Frontier: The Changing Role of Technology Policy in Singapore's Economic Strategy (2005). Technological Forecasting and Social Change, Vol. 72, Issue 3, p. 255-285 2005. Available at SSRN: https://ssrn.com/abstract=1507592

Winston T.H. Koh (Contact Author)

Singapore Management University - School of Social Sciences ( email )

469 Bukit Timah Road
Federal Building #02-08
Singapore, 259756
Singapore
+65 6822 0853 (Phone)
+65 6822 0833 (Fax)

Poh Kam Wong

National University of Singapore (NUS) - Department of Business Policy ( email )

17 Law Link
Singapore 117591
Singapore

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