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Singapore's economic success has come from continually upgrading its business environment. To sustain this, the government is now nurturing knowledge-intensive clusters like biomedical sciences. However, Singapore remains over-dependent on foreign multinationals and talent, and efforts to boost local innovation and entrepreneurship have had mixed success. What should Singapore do next?
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Reference 5838
Published 16 Dec 2011
Topic Economics & Finance
Region Asia
Industry Biotechnology
Singapore's economic success has come from continually upgrading its business environment. To sustain this, the government is now nurturing knowledge-intensive clusters like biomedical sciences. However, Singapore remains over-dependent on foreign multinationals and talent, and efforts to boost local innovation and entrepreneurship have had mixed success. What should Singapore do next?