While employers’ immediate training needs are important, the future needs of the economy as defined by the government are equally important in determin- ing the development of human capital. These definitions of human-capital devel- opment through education are elaborated in the rest of this chapter.
The government has further set a target of developing Singapore’s universities into world-class institutions in part through collaborations with selected interna- tional institutions, including the Massachusetts Institute of Technology, the Georgia Institute of Technology, the Technical University of Eindhoven, and the Technical University of Munich.
The two comprehensive universities—National University of Singapore and Nanyang Technological University—play a major role in the public sector R&D effort in conjunction with the Agency for Science, Technology and Research (A*STAR)4 research institutes. In January 2000, a third institution, the Singapore Management University, was established. The new university explicitly adopted a North American educational model.
In technical education at the tertiary level, five polytechnics offer diploma programs in a range of disciplines, from engineering to business and media. The Institute of Technical Education (ITE) provides tertiary-level vocational education. It consists of three colleges that provide both full-time education and part-time train- ing in support of continuing education and training initiatives of other ministries.
Tertiary-level enrollments have been carefully regulated to ensure a balanced mix of graduates, in line with the manpower estimates based on projected gross domestic product (GDP) and productivity growth.
While employers’ immediate training needs are important, the future needs of the economy as defined by the government are equally important in determin- ing the development of human capital. These definitions of human-capital devel- opment through education are elaborated in the rest of this chapter.The government has further set a target of developing Singapore’s universities into world-class institutions in part through collaborations with selected interna- tional institutions, including the Massachusetts Institute of Technology, the Georgia Institute of Technology, the Technical University of Eindhoven, and the Technical University of Munich.The two comprehensive universities—National University of Singapore and Nanyang Technological University—play a major role in the public sector R&D effort in conjunction with the Agency for Science, Technology and Research (A*STAR)4 research institutes. In January 2000, a third institution, the Singapore Management University, was established. The new university explicitly adopted a North American educational model.In technical education at the tertiary level, five polytechnics offer diploma programs in a range of disciplines, from engineering to business and media. The Institute of Technical Education (ITE) provides tertiary-level vocational education. It consists of three colleges that provide both full-time education and part-time train- ing in support of continuing education and training initiatives of other ministries.Tertiary-level enrollments have been carefully regulated to ensure a balanced mix of graduates, in line with the manpower estimates based on projected gross domestic product (GDP) and productivity growth.
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