An Explanation for Singapore’s Innovation Gap
Carney, Richard W.
Loh, Yi Zheng
Date of Issue2008-04-21
S. Rajaratnam School of International Studies
Why can’t Singapore innovate? Innovations tend to come in two varieties: radical or incremental. Radical innovations, like the internet or biotechnology, involve the development of entirely new products. Incremental innovations occur with continuous small-scale improvements, as with automobiles over the last 100 years. Each type of innovative style requires a different set of complementary institutions. The problem for Singapore is that it combines institutions; as a result, they generate conflicting innovation incentives which ultimately undermine the building of a durable base of innovative activity.
DRNTU::Social sciences::Political science
RSIS Commentaries, 049-08
Nanyang Technological University