An Evidence-based Analysis of Industrial Hubs

Autor: Tan Kong Yam, George Yeo, Tan Khee Giap, Wilfred Loo
Rok vydání: 2020
Předmět:
DOI: 10.1093/oxfordhb/9780198850434.013.35
Popis: The Singapore narrative of resilient industrial hubs accords high importance to the pragmatic approach and facilitative role of the government in first getting the fundamentals right, which can be at variance with textbook cases. Their determination to achieve their desired industrial hub development outcomes and their experimentation with new models is not restricted by any fixed ideology or mindset. The chapter illustrates phases of industrial development in Singapore over fifty years from the 1960s to the 2010s and beyond. Industrial development in each decade will be discussed under five themes: objective and mission; challenges encountered; strategies chartered; implementation process with institution building; and industries established. For Singapore to remain relevant, a national effort to seek synergies and complementarity with regional industrial hubs through a real-time monitoring online digitalized platform will be paramount. Given rising trade protectionism, potential disruption caused by rapid technological advancement, and rapid shifts in production networks and value chains, industrial hubs need to be recalibrated.
Databáze: OpenAIRE