by Usha C. V. Haley
New Jersey Institute of Technology. Rutgers University (Newark)
and the Australian National University
Singapore presents a model city state economy with high growth,
high GDP/per capita, industry clusters to encourage global
competitiveness, a well-educated and affluent population, and
extremely good infrastructure. Indeed, Singapore constitutes
an
economic success story and even appears to have weathered
the Asian financial crisis. Yet, a largely undocumented social
story
also exists with important ramifications for public policy and strategy.
Through its virtual Singapores or industrial parks (discussed by
Haley, 1998) Singapore offers itself as a model to developing
economies around the world. However, problems lurk
forcing an analysis of future paths even among official circles in
Singapore.
Success appears to have bred a propensity for failure in some important
respects for the knowledge economy that Singapore has targeted. These
include a lack of entrepreneurship and innovation, and gradual erosion
of creativity. This paper will tackle some of the problems that
accrue to
national development through single-minded pursuit of economic
competitiveness and the "outside the box" solutions highlighted only
through social discourse that appear imperative for continual progress."