Right up our Valley: Why Singapore ought to quit copying Silicon Valley

• Main Author: Knowledge@SMU
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Business; Entrepreneurial and Small Business Operations; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/ksmu/172; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1171&context=ksmu
• Institution: Singapore Management University

For a small piece of land with no natural resources to offer, Singapore's economy relies a lot on its strategic geographical location, human talents, as well as a penchant for wanting to be the global, and if not, regional 'hub' for commerce, arts and sciences. Where technology is concerned, the one to beat is Silicon Valley. A tall order, perhaps, but the draw is unmistakably alluring. On its own, the Valley boasts a GDP of US$100 billion, generating more wealth per person than anywhere else in the USA. Not content with just salivating over that piece of the pie, Singapore wants to emulate the Valley's success. This, however, might not be such a good idea, says one technopreneur.