Please use this identifier to cite or link to this item: https://doi.org/10.1142/S0217590801000218
Title: Is meritocracy outmoded in a knowledge-based economy?
Authors: Appold, S.J. 
Issue Date: 2001
Source: Appold, S.J. (2001). Is meritocracy outmoded in a knowledge-based economy?. Singapore Economic Review 46 (1) : 17-48. ScholarBank@NUS Repository. https://doi.org/10.1142/S0217590801000218
Abstract: Singapore prides itself on its system of meritocracy that is meant to channel the most capable individuals to the most critical positions. Performance in school, buttressed by a system of university scholarships, identifies potential stars early on. Scholars are often carefully groomed in the early years of their working careers and screened further. Only the best reach positions of real responsibility. Such a system worked well in the past and some researchers have held the meritocratic stratification system at least partially responsible for Singapore's economic growth (and that of some other Asian countries). The meritocratic system, however, is not well-suited to the exigencies of knowledge-based economies; these require a broad base of committed workers each with a high level of skill. As tasks and needs rapidly shift, so many job performance. Building on information gathered from Singaporean workplaces and on theories of internal labor markets, this paper will identify how a meritocratic stratification system limits overall job performance by producing only a small number of committed workers. This paper will illustrate how a stratification system capable of motivating a larger number of workers would work and discuss adaptation issues.
Source Title: Singapore Economic Review
URI: http://scholarbank.nus.edu.sg/handle/10635/132421
ISSN: 02175908
DOI: 10.1142/S0217590801000218
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

4
checked on Jan 16, 2018

Page view(s)

13
checked on Jan 21, 2018

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.