Singapore: The Knowledge-Hub in the Straits of Malacca.

Abstract

In the beginning of the 1990s, Singapore’s government identified the local production of global knowledge as field of action that shall assure sustainable future economic and social development. This focus appears plausible when looking at the factors of production that – besides knowledge – Singapore can offer. As a small country with less than 4m inhabitants, little land and labour is available. Consequently, the Singaporean government decided to focus on knowledge and money as the factors of production that are increasingly regarded as responsible for the creation of wealth by members of the international scientific community. Besides others, the management guru Peter F. Drucker expressed this belief in the economic strength of knowledge by stating: “the central wealth-creating activities will be neither the allocation of capital to productive uses, not ‘labour’…Value is now created by ‘productivity’ and ‘innovation’, both applications of knowledge to work” (Drucker, 1994: 8). This paper attempts to outline this push towards knowledge production and the positioning of Singapore as a knowledge hub in the Straits of Malacca initiated by the Singaporean government. The paper is divided into, first, grasping the dominant definitions of knowledge in Singapore and second, redrawing the government activities towards increased knowledge production, which is hoped to ensure long-term economic stability and growth.