The governance of Singapore’s knowledge clusters: off shore marine business and waterhub

Thomas Menkhoff and Hans-Dieter Evers ()

MPRA Paper from University Library of Munich, Germany

Abstract: Based on two case studies of knowledge clusters (off shore marine/rig business and water hub) in Singapore, the paper illustrates the importance of good knowledge governance in creating robust and value-creating knowledge clusters. We begin by defining key terms used such as knowledge clusters, hubs and governance, followed by a short historical account of good knowledge governance for Singapore’s development. The two cases studies of knowledge clusters presented here include (i) the offshore oil rig business (Keppel) which we posit as an example of innovative value creation based on sophisticated fabrication methods and R&D as well as (ii) the island republic’s dynamic and rapidly emerging, global hydrohub called ‘WaterHub’. We examine the structural characteristics of both clusters, assess their progress based on the cluster lifecycle literature, highlight key governance enablers required to create and sustain such competitive hubs and draw conclusions for K4D latecomers.

Keywords: Knowledge governance; knowledge clusters; science policy; maritime industry; Singapore (search for similar items in EconPapers)
JEL-codes: A14 D8 G3 (search for similar items in EconPapers)
Date: 2011-09-16
New Economics Papers: this item is included in nep-cse, nep-his, nep-knm and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:33979

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