Technology, entrepreneurship and national development: lessons from Singapore
by H.K. Tang, K.T. Yeo
International Journal of Technology Management (IJTM), Vol. 10, No. 7/8, 1995

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.

Online publication date: Sat, 23-May-2009

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