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https://doi.org/10.1080/0965431042000267830
Title: | Adapting a foreign direct investment strategy to the knowledge economy: The case of Singapore's emerging biotechnology cluster | Authors: | Finegold, D. Wong, P.-K. Cheah, T.-C. |
Issue Date: | 2004 | 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 | URI: | http://scholarbank.nus.edu.sg/handle/10635/44292 | ISSN: | 09654313 | DOI: | 10.1080/0965431042000267830 |
Appears in Collections: | Staff Publications |
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