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Knowledge Economies: The Singapore Example
Ravinder Sidhu
Singapore has been noted for its foresight in matters relating to its economic development, and since it has drawn up plans to rebuild itself into an innovation-led, value-added knowledge economy. These policy efforts were strengthened following the 1997 Asian financial crisis. Henceforth Singapore would direct significant resources toward transforming itself into an education and medical services hub. Although its knowledge-economy aspirations are not especially exceptionalRomania, Ireland, and Malaysia number among countries those with similar goalsSingapore's single-minded pursuit of these goals is unique.
The Global Schoolhouse The policy strategy of inviting foreign world-class universities to Singapore rests on exploiting their "brand equity." Research-intensive American institutions initially dominated among those invited: Massachusetts Institute of Technology, Georgia Tech, and Duke University were funded to run graduate-level programs, while Johns Hopkins University was to conduct biomedical research and provide doctoral training. The University of Chicago Graduate School of Business was assisted to establish a campus in a refurbished heritage building, and Wharton Business School was contracted to provide expertise in setting up Singapore's third university, Singapore Management University. The field has since widened to include non-American universities and institutions that focus on technical and creative disciplines. For example, INSEAD, a European business school located in Paris, has a bricks-and-mortar campus in Singapore, as does the Indian Jain School of Management. New York University's TISC School of Arts will start classes in 2007. Bringing in foreign expertise to contribute to Singapore's knowledge-economy agenda resonates with earlier state-led industrialization policies. The government's aphorism, "build it and they will come," was translated into the provision of state-of-the-art facilities and tax concessions and grants for foreign companies. This enabled Singapore to build capacity in key industries and integrate itself into the capitalist economy, at a time when the newly independent states were deeply suspicious of capitalism. The prime minister noted that Singaporeans were "learning to do a job" from foreign companies, something they may not have otherwise learned. The issue of "whether or not we were exploited" was less relevant to him. World-class universities are expected to participate with Singapore's universities and nascent research institutes in creating "a self-sustaining research eco-system." US$8 billion has been allocated for R&D for 20062010. A US$600 million Campus for Research Excellence and Technological Enterprise (CREATE) is underway. The realities of faculty involved in the Global Schoolhouse have brought challenges unanticipated by Singapore's cadre of rational policymakers. "Leap-frogging" into a research-intensive culture is an ambitious goal given differences in institutional histories, mandates, and research experience. Singapore's universities are young and have largely been steered to focus their energies on producing high-quality undergraduate programs. Thus these universities face challenges to establish research synergies with globally positioned institutions such as the Massachusetts Institute of Technology that operate with minimal government steering. Singaporean faculty are cajoled to benchmark themselves against a real and imagined standard of global excellence, meet goals of access and quality, while facing constraints from an institutional environment closely steered by government. Some lessons have been learned almost a decade after the outset of the Global Schoolhouse. Two events are the closure of Johns Hopkins' research school and the executive decision made by Australia's University of New South Wales to close. The substantive research-intensive transnational endeavors are very expensive and require the commitment and involvement of faculty.
Neither a Liberal Democracy Nor a Police State
Regimes of Value Its knowledge economy plans require Singapore's citizens to be self-reliant, to better themselves through education and training, and if necessary to relocate themselves regionally to exploit opportunities, rather than expecting their government to take responsibility for their employment. Their "first world" status also steers Singapore's citizens towards a geopolitical identity aligned with the "global North" (United States) and with Chinaan emerging superpower. Significantly, it is a geopolitical identity that separates them psychologically from their Southeast Asian neighbors. [Online] Available: http://www.bc.edu/bc_org/avp/soe/cihe/newsletter/Number52/p22_Sidhu.htm |