Authors: H.K. Tang, K.T. Yeo
Addresses: School of Mechanical and Production Engineering, Centre for Engineering and Technology Management, Nanyang Technological University, Nanyang Avenue, 2263 Singapore. ' School of Mechanical and Production Engineering, Centre for Engineering and Technology Management, Nanyang Technological University, Nanyang Avenue, 2263 Singapore
Abstract: This paper gives an up-to-date account of Singapore|s major techno-economic development. From Singapore’s experience a general national development model based on government entrepreneurship and technological development is constructed. In this model foreign multinational corporations continue to be an integral driving force in economic growth and a conduit for technology transfer, even when a nation enters into an innovation-driven development phase. The paper also outlines the challenges Singapore faces now that the economies of Asia|s and the world|s two most populous countries, China and India, open up. In order for Singapore to become a developed nation there is a need for local |technopreneurship| to broaden its scope. Furthermore the country needs to maintain an orderly shift to technologically advanced activities while low-end operations are relocating to lower-cost countries.
Keywords: technology development; entrepreneurship; technology transfer; industrialisation; government policy; Singapore; technology management; innovation; multinational corporations; MNCs; technopreneurship.
International Journal of Technology Management, 1995 Vol.10 No.7/8, pp.797 - 814
Published online: 23 May 2009 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article