Singapore Government Policies and Strategies on the Biomedical Industries during 2000-2005
Date Issued
2006
Date
2006
Author(s)
Hwa, Kuo-Yuan
DOI
en-US
Abstract
The global biomedical market has been traditionally dominated by the US and European companies for centuries. Recent economic advancement of emerging Asian countries in the last half of 20th century, especially Taiwan, Hong-Kong, Korea and Singapore - the Asian newly industrialized economies (ANIEs), has raised the possibility if these countries might be able to develop strong biomedical industries. Singapore has made significant progress in biomedical industries over the past five years (2000-2005) with annual growth rate of more than 10%. Now, the industries account for about 18.3% of total manufacturing output of Singapore (about 6% of GDP). The government policies and the strategies are the dominant driving forces for the development of Singaporean biomedical clusters. Stable policies, strong commitment and speedy execution are primary reasons to attract foreign direct investments and joint ventures. From the Singaporean government policies, four core competitivenesses are built: 1) trust-based civilization, 2) comprehensive national innovation policies, 3) focus and flexible financial programs and 4) regional branding in healthcare. The formation of Singaporean bio-clusters is mapped out by activity-based analysis. The processes of Singapore government in executing its policies and strategies are described based on past facts, academic research data under the theory of national innovation system. Furthermore, Porter’s Diamond Model is used to examine the sustainability of Singaporean bio-clusters. In addition, the approaches taken by Singapore government in reducing the risks associated with expansion of healthcare industries are described. Finally, the future challenges to Singaporean bio-clusters and the implications to Taiwan in developing its biomedical industry are discussed.
Subjects
新加坡
政府政策
生物醫學產業群聚
鑽石模型
Bio-cluster
the Diamond Model
National Innovation System
Singapore
Government Policies
Type
other
File(s)![Thumbnail Image]()
Loading...
Name
ntu-95-P93743029-1.pdf
Size
23.31 KB
Format
Adobe PDF
Checksum
(MD5):72d06cebd08787199792cd7bd0f8150d