Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries
The city-state of Singapore has achieved rapid economic development in the past by its positioning as an efficient business hub in Asia. To remain competitive in the global knowledge economy, however, Singapore needs to move beyond efficiency by developing a strong "innovative" edge as wel...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/04/5758412/singapore-innovative-city-east-asia-explorative-study-perspectives-innovative-industries http://hdl.handle.net/10986/9015 |
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okr-10986-90152021-04-23T14:02:42Z Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries Wong, Poh Kam Ho, Yuen Ping Singh, Annette ACCESS TO CAPITAL ACCOUNTING AFFILIATES AGRICULTURE BENCHMARKING BUSINESS MODELS BUSINESS SECTORS BUSINESS SERVICES CAPITAL/ CITIES COMMUNICATIONS INFRASTRUCTURE COMPETITIVE ADVANTAGE CONTENT DEVELOPMENT DRUG COMPANIES ECONOMIC REVIEW ECONOMIC SURVEYS EMPLOYMENT ENGINEERING SERVICES ENTREPRENEURSHIP EXPORT GROWTH FINANCIAL CRISIS FIXED ASSET GDP GROWTH RATE INCOME INCOME/CAPITA INNOVATIONS KNOWLEDGE ECONOMY KNOWLEDGE WORKERS OUTSOURCING PATENTS PERFORMING ARTS PERSONAL COMPUTERS PHARMACEUTICAL COMPANIES POLICY RESEARCH PRIVATE SECTOR PRODUCTION/DISTRIBUTION PRODUCTIVITY PROGRAMS PUBLIC INVESTMENT PUBLIC POLICY RADIO RESEARCH CENTERS SCIENTISTS SOFTWARE DEVELOPMENT SUBSIDIARIES SUBSIDIARY TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELEVISION TRADE/SHIPPING TRANSPORT TRANSPORTATION VALUE ADDED VALUE ADDED/ VALUE ADDED/FIRM The city-state of Singapore has achieved rapid economic development in the past by its positioning as an efficient business hub in Asia. To remain competitive in the global knowledge economy, however, Singapore needs to move beyond efficiency by developing a strong "innovative" edge as well. This paper examines the challenges that Singapore faces in seeking to do so through an explorative survey of 40 firms from three innovative sectors: high-tech manufacturing industries, knowledge-intensive business services (KIBS), and creative content industries. Overall, while the survey confirms Singapore's continuing competitive strength in efficiency infrastructure, it also finds a favorable perception of Singapore as an innovative city. Indeed, many of the industry actors indicated that an efficient business infrastructure is a prerequisite for locating their innovative activities in Singapore, suggesting that the relationship between innovation and efficiency is complementary, rather than substitutional. While the study found that intellectual property and its protection are widely recognized by actors in all three sectors, interesting differences exist. In particular, intellectual property protection appears to be of greater concern to the high-tech research and development-intensive manufacturing sector and the creative contents sector than to the KIBS sector. Another interesting difference is that while competition in high-tech innovation tends to be global, competition in creative content tends to have a stronger local or regional dimension. Public policy in East Asia has traditionally emphasized the development of technological innovation capabilities in the manufacturing sector. In light of the findings, public policymakers may need to be more sensitive to the nuanced differences in policies needed to promote the new creative content industries and the associated supporting KIBS. 2012-06-26T14:27:38Z 2012-06-26T14:27:38Z 2005-04 http://documents.worldbank.org/curated/en/2005/04/5758412/singapore-innovative-city-east-asia-explorative-study-perspectives-innovative-industries http://hdl.handle.net/10986/9015 English Policy Research Working Paper; No. 3568 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Singapore |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCESS TO CAPITAL ACCOUNTING AFFILIATES AGRICULTURE BENCHMARKING BUSINESS MODELS BUSINESS SECTORS BUSINESS SERVICES CAPITAL/ CITIES COMMUNICATIONS INFRASTRUCTURE COMPETITIVE ADVANTAGE CONTENT DEVELOPMENT DRUG COMPANIES ECONOMIC REVIEW ECONOMIC SURVEYS EMPLOYMENT ENGINEERING SERVICES ENTREPRENEURSHIP EXPORT GROWTH FINANCIAL CRISIS FIXED ASSET GDP GROWTH RATE INCOME INCOME/CAPITA INNOVATIONS KNOWLEDGE ECONOMY KNOWLEDGE WORKERS OUTSOURCING PATENTS PERFORMING ARTS PERSONAL COMPUTERS PHARMACEUTICAL COMPANIES POLICY RESEARCH PRIVATE SECTOR PRODUCTION/DISTRIBUTION PRODUCTIVITY PROGRAMS PUBLIC INVESTMENT PUBLIC POLICY RADIO RESEARCH CENTERS SCIENTISTS SOFTWARE DEVELOPMENT SUBSIDIARIES SUBSIDIARY TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELEVISION TRADE/SHIPPING TRANSPORT TRANSPORTATION VALUE ADDED VALUE ADDED/ VALUE ADDED/FIRM |
| spellingShingle |
ACCESS TO CAPITAL ACCOUNTING AFFILIATES AGRICULTURE BENCHMARKING BUSINESS MODELS BUSINESS SECTORS BUSINESS SERVICES CAPITAL/ CITIES COMMUNICATIONS INFRASTRUCTURE COMPETITIVE ADVANTAGE CONTENT DEVELOPMENT DRUG COMPANIES ECONOMIC REVIEW ECONOMIC SURVEYS EMPLOYMENT ENGINEERING SERVICES ENTREPRENEURSHIP EXPORT GROWTH FINANCIAL CRISIS FIXED ASSET GDP GROWTH RATE INCOME INCOME/CAPITA INNOVATIONS KNOWLEDGE ECONOMY KNOWLEDGE WORKERS OUTSOURCING PATENTS PERFORMING ARTS PERSONAL COMPUTERS PHARMACEUTICAL COMPANIES POLICY RESEARCH PRIVATE SECTOR PRODUCTION/DISTRIBUTION PRODUCTIVITY PROGRAMS PUBLIC INVESTMENT PUBLIC POLICY RADIO RESEARCH CENTERS SCIENTISTS SOFTWARE DEVELOPMENT SUBSIDIARIES SUBSIDIARY TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELEVISION TRADE/SHIPPING TRANSPORT TRANSPORTATION VALUE ADDED VALUE ADDED/ VALUE ADDED/FIRM Wong, Poh Kam Ho, Yuen Ping Singh, Annette Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries |
| geographic_facet |
East Asia and Pacific Singapore |
| relation |
Policy Research Working Paper; No. 3568 |
| description |
The city-state of Singapore has achieved rapid economic development in the past by its positioning as an efficient business hub in Asia. To remain competitive in the global knowledge economy, however, Singapore needs to move beyond efficiency by developing a strong "innovative" edge as well. This paper examines the challenges that Singapore faces in seeking to do so through an explorative survey of 40 firms from three innovative sectors: high-tech manufacturing industries, knowledge-intensive business services (KIBS), and creative content industries. Overall, while the survey confirms Singapore's continuing competitive strength in efficiency infrastructure, it also finds a favorable perception of Singapore as an innovative city. Indeed, many of the industry actors indicated that an efficient business infrastructure is a prerequisite for locating their innovative activities in Singapore, suggesting that the relationship between innovation and efficiency is complementary, rather than substitutional. While the study found that intellectual property and its protection are widely recognized by actors in all three sectors, interesting differences exist. In particular, intellectual property protection appears to be of greater concern to the high-tech research and development-intensive manufacturing sector and the creative contents sector than to the KIBS sector. Another interesting difference is that while competition in high-tech innovation tends to be global, competition in creative content tends to have a stronger local or regional dimension. Public policy in East Asia has traditionally emphasized the development of technological innovation capabilities in the manufacturing sector. In light of the findings, public policymakers may need to be more sensitive to the nuanced differences in policies needed to promote the new creative content industries and the associated supporting KIBS. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Wong, Poh Kam Ho, Yuen Ping Singh, Annette |
| author_facet |
Wong, Poh Kam Ho, Yuen Ping Singh, Annette |
| author_sort |
Wong, Poh Kam |
| title |
Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries |
| title_short |
Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries |
| title_full |
Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries |
| title_fullStr |
Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries |
| title_full_unstemmed |
Singapore as an Innovative City in East Asia : An Explorative Study of the Perspectives of Innovative Industries |
| title_sort |
singapore as an innovative city in east asia : an explorative study of the perspectives of innovative industries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/04/5758412/singapore-innovative-city-east-asia-explorative-study-perspectives-innovative-industries http://hdl.handle.net/10986/9015 |
| _version_ |
1764407247787524096 |