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|Title:||Adapting a foreign direct investment strategy to the knowledge economy: The case of Singapore's emerging biotechnology cluster|
|Citation:||Finegold, D., Wong, P.-K., Cheah, T.-C. (2004). Adapting a foreign direct investment strategy to the knowledge economy: The case of Singapore's emerging biotechnology cluster. European Planning Studies 12 (7) : 921-941. ScholarBank@NUS Repository. https://doi.org/10.1080/0965431042000267830|
|Abstract:||The Singapore Government has identified biotechnology as one of the four pillars of the economy for the twenty-first century. For the last forty years, Singapore has pursued a very successful economic growth strategy of attracting investment from leading multinationals through a combination of financial incentives, world-class infrastructure, a highly literate workforce and a business-friendly regulatory environment. In the biotechnology industry worldwide, however, the typical development pattern has been very different: new start-up companies backed by venture capitalists clustered around leading research universities. This article examines the development of the biotechnology cluster in Singapore, showing how a modified version of Singapore's traditional growth model is co-existing with a more typical biotechnology development pattern. © 2004 Taylor & Francis Ltd.|
|Source Title:||European Planning Studies|
|Appears in Collections:||Staff Publications|
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