What is it about?
Both Singapore and New Zealand have undergone challenges in a bid to improve their national competitiveness and innovation landscape. Both being countries with small economies, it is easier to understand the nuances that result in this innovation. Through 10 years of data, we compare the production of innovation & knowledge creation in both countries. How do the countries compare? Why are there marked differences in their outputs, despite seemingly having similar resources? This leads to a comparison of policies and governance orchestrating innovation.
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Why is it important?
The two cases present different façades of institutions and companies participating in innovation. My research shows a consistent build-up of R&D spending and talent pool attraction are determining policies for national innovation. Being small in population, international collaboration with leading research nations may be necessary. What is clear is that industry partnerships should bring mutual benefits and cross-fertilisation in the area of innovation, which leads to national competitiveness.
Perspectives
What do you think about this article? What should countries focus on boosting to improve their competitiveness? What do you think are the other possible factors to consider when innovation is discussed that may not have yet been discussed in this article? I hope that this article has got you thinking beyond the surface on what competitiveness is and what can influence it. Adrian T H Kuah read his PhD from Manchester, ITP from Bocconi, and MBA from Strathclyde. He published more than 58 papers, with his work appearing in prestigious outlets such as the Oxford University Press, Thunderbird International Business Review, European Journal of Marketing and R&D Management. In 2013, he was named by the UK Financial Times as Professor of the Week.
Adrian T. H. Kuah
James Cook University
Read the Original
This page is a summary of: Competitiveness and innovation landscapes in the tropics: a comparison of Singapore and New Zealand during 1999-2008, International Journal of Economic Policy in Emerging Economies, January 2014, Inderscience Publishers,
DOI: 10.1504/ijepee.2014.065250.
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