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

18 Pages Posted: 8 May 2006

See all articles by Winston T.H. Koh

Winston T.H. Koh

Singapore Management University - School of Social Sciences

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.

Suggested Citation

Koh, Winston T.H., Singapore's Transition to Innovation-Based Economic Growth: Infrastructure, Institutions and Government's Role. R&D Management, Vol. 36, No. 2, pp. 143-160, March 2006. Available at SSRN: https://ssrn.com/abstract=886819 or http://dx.doi.org/10.1111/j.1467-9310.2006.00422.x

Winston T.H. Koh (Contact Author)

Singapore Management University - School of Social Sciences ( email )

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