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CROSSROADS:  Innovation in Singapore

CROSSROADS: Innovation in Singapore

ByHitendra PatelEduardo Chakarian

Singapore today stands at a crossroads. The dynamics that made it one of the world's most competitive economies and a magnet for foreign companies and investment - an educated workforce, a modern infrastructure, a pro-business climate and exceptional efficiency - are increasingly being replicated by other developing countries. The rest of the world is catching up. As a result, Singapore's business leaders and policy-makers face a crucial choice. Down one road - the safe, well-travelled path of 'business as usual' - lies the prospect of decelerating growth and loss of market share to more aggressive global and regional competitors. Down the other - less familiar but ultimately far more rewarding - lies sustainable growth generated by the transformation from fast-follower to leading innovator. It is only by committing to this course, the relentless pursuit of innovation that Singapore can hope to maintain the dazzling growth it has enjoyed over the past 40 years.

Details

Publication Date
Sep 30, 2011
Language
English
Category
Business & Economics
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Hitendra Patel, By (author): Eduardo Chakarian

Specifications

Format
PDF

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