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Competing at the frontier: The changing role of technology policy in Singapore's economic strategy
Authors:Winston TH Koh  Poh Kam Wong
Institution:aSchool of Economics and Social Sciences, Singapore Management University, 469 Bukit Timah Road, S259756, Singapore;bNUS Business School, National University of Singapore, 14 Prince George's Park, S118412, Singapore
Abstract: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.
Keywords:Science  Technology policy  Technology frontier  Economic growth  Singapore
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