Leveraging the Global Information Revolution for Economic Development: Singapore's Evolving Information Industry Strategy

Abstract

Despite her small size and late industrialization, Singapore has managed to capture a significant share of the global information industry over the last three decades. This paper analyzed the structure and growth dynamics of Singapore's information industries using an analytical framework that integrates the four key components of an information economy: ICT goods industry, content industry, network infrastructure, and informatization. The paper identifies four generic stages in the development path of Singapore's information economy and highlights policy implications for other small, open economies.