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

• Main Authors: KOH, Winston T. H., WONG, Poh Kam
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Science; Technology policy; Technology frontier; Economic growth; Singapore; Asian Studies; Economic Policy; Economics; Science and Technology Policy; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/soe_research/1199; https://ink.library.smu.edu.sg/context/soe_research/article/2198/viewcontent/CompetingAtFrontier_2005_afv.pdf
• Institution: Singapore Management University

For an economy competing at the global frontier, an innovation-based growth strategy requires a well-developed technological infrastructure, a set of capabilities-focused technology policies, as well as an institutional environment that stimulates innovation and entrepreneurship. This paper examines the role played by science and technology policy in an economy's transition to an innovation-based growth strategy. We discuss the challenges governments face as they restructure economic institutions to deepen R&D capabilities and encourage technology creation. We review Singapore's experience in this regard and assess its ongoing efforts to remake itself to compete at the global frontier.