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

Menkhoff, Thomas and Evers, Hans-Dieter (2011): The governance of Singapore’s knowledge clusters: off shore marine business and waterhub.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: Knowledge governance; knowledge clusters; science policy; maritime industry; Singapore
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty; G - Financial Economics > G3 - Corporate Finance and Governance; A - General Economics and Teaching > A1 - General Economics > A14 - Sociology of Economics

References

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