The third industrialization phase began in the 1990s, when Singapore built on its knowledge-based economy to meet the challenges of the new millennium. Knowl- edge, creativity, and innovation were the key determinants of long-term competi- tiveness. The development of a highly educated and flexible workforce was, there- fore, very important. A wide pool of skilled knowledge workers was developed via strong industries dealing with innovation and technology.
EDB continued to play a prominent role in charting strategies to realize Singapore’s vision for the 21st century, which was to be a relevant and competi- tive center for goods, services, and information. The strategies included:
• Strengthening industry clusters.
• Identifying and growing new clusters.
• Nurturing innovation-driven enterprises.
• Developing new geographies.
• Making Singapore’s environment conducive and competitive for global business.
The third industrialization phase began in the 1990s, when Singapore built on its knowledge-based economy to meet the challenges of the new millennium. Knowl- edge, creativity, and innovation were the key determinants of long-term competi- tiveness. The development of a highly educated and flexible workforce was, there- fore, very important. A wide pool of skilled knowledge workers was developed via strong industries dealing with innovation and technology.EDB continued to play a prominent role in charting strategies to realize Singapore’s vision for the 21st century, which was to be a relevant and competi- tive center for goods, services, and information. The strategies included:• Strengthening industry clusters.• Identifying and growing new clusters.• Nurturing innovation-driven enterprises.• Developing new geographies.• Making Singapore’s environment conducive and competitive for global business.
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