03 Jun '12, 12pm

Can Singapore seize new manufacturing technologies? #singapore

Can Singapore seize new manufacturing technologies? #singapore

Partly it is because we still see manufacturing in 20th Century terms, with assembly lines manned by lots of cheap workers. When we saw the Chinese juggernaut coming 30 years ago, our first response was the ‘Growth Triangle’ (does anyone even remember the term?), the plan being to move the dirty and labour-intensive industries out to Batam and Johore. That didn’t go very far, mostly because (oh, what a surprise!) the Indonesian and Malaysian governments didn’t wish to learn from Singapore. Our second response was to focus on process industries such as petrochemicals and pharmaceuticals, which rely much more on capital investment than on labour. But this also kept us highly dependent on inward investment by foreign multinationals. How much of the value-added actually accrue to Singapore?

Full article: http://yawningbread.wordpress.com/2012/06/03/can-singapor...

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