PPT Slide
Growing need to compete in the first world, Asian Financial Crisis and the Demonstration effect of the Silicon Valley model
- Increasing recognition by top political leaders on the need to compete in the first world since the mid 1990s led to increasing focus on Knowledge-based Industries and importance of Technological Innovation capabilities (e.g. EDB‰fs Industry21 initiative,
- The adverse impact of the Asian financial crisis in 1997-98 raised concern with dependence on DFI, and galvanized attention on becoming competitive in global, advanced markets, not just in the regional markets (Competitiveness of Singapore Committee Repo
- Success of the Silicon Valley model (the ‰gNasdaq‰h effect) and other ‰gNew Economy‰h success stories (Finland, Taiwan, Israel, etc.) prompted recognition of the need for local Technopreneurship (formulation of the Technopreneurship21 or T21 Initiative in ear