Invitation strategy for cutting edge industries through MNCs and global talents: The case of Singapore
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...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2016
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/1923 https://ink.library.smu.edu.sg/context/soe_research/article/2922/viewcontent/InvitationStrategySingapore_2016.pdf |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | 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. |
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