Singapore's technology strategy

Abstract

As one of the four Asian dragons, Singapore has achieved remarkable economic growth and technological developments over the last two decades. Like in other Asian NIEs, a major contributing factor to Singapore's past economic success has been its strategic emphasis on, and effective policies for, the development of human resources and supporting infrastructures. Unlike Korea and Taiwan, however, Singapore's rapid technological development has, until recent years, been achieved largely through its ability to attract multinational corporations (MNCs) investments, which bring in increasingly sophisticated technologies and know-how, rather than through indigenous technological development efforts.