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Role of Transnational Corporations in Transfer of Technology to Singapore

In: Technology Transfer in the Developing Countries

Author

Listed:
  • Tan Thiam Soon
  • Tan Chwee Huat

Abstract

The transformation of Singapore from a trading economy to one of the newly industrialising countries (NICs) owes much to its policies towards the transnational enterprises or the multinational corporations (MNCs). As Singapore is a small island with no natural resources, the reliance on MNCs is necessary for economic survival. The MNCs have brought with them the much-needed capital, modern technology and managerial skills. They have also created employment opportunities for the local labour force and access to world markets through their distribution network. However, the mere presence of MNCs is not sufficient to provide the impetus for fast economic growth. It is the transfer of technology to the local industries that provides a solid foundation for building a modern industrial economy.

Suggested Citation

  • Tan Thiam Soon & Tan Chwee Huat, 1990. "Role of Transnational Corporations in Transfer of Technology to Singapore," Palgrave Macmillan Books, in: Manas Chatterji (ed.), Technology Transfer in the Developing Countries, chapter 26, pages 335-344, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-20558-5_26
    DOI: 10.1007/978-1-349-20558-5_26
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    Cited by:

    1. C K Leung, 1996. "Foreign Manufacturing Investment and Regional Industrial Growth in Guangdong Province, China," Environment and Planning A, , vol. 28(3), pages 513-536, March.

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