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

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  • Menkhoff, Thomas
  • Evers, Hans-Dieter

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.

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  • Menkhoff, Thomas & Evers, Hans-Dieter, 2011. "The governance of Singapore’s knowledge clusters: off shore marine business and waterhub," MPRA Paper 33979, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:33979
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    References listed on IDEAS

    as
    1. Thomas Menkhoff & Hans-Dieter Evers & Yue Wah Chay & Solvay Gerke, 2011. "Achieving Knowledge Economy Status through Good Knowledge Governance: The Singapore KBE Story Revisited," World Scientific Book Chapters, in: Thomas Menkhoff & Hans-Dieter Evers & Yue Wah Chay & Eng Fong Pang (ed.), Beyond The Knowledge Trap Developing Asia's Knowledge-Based Economies, chapter 12, pages 299-324, World Scientific Publishing Co. Pte. Ltd..
    2. Evers, Hans-Dieter, 2008. "Knowledge hubs and knowledge clusters: Designing a knowledge architecture for development," MPRA Paper 8778, University Library of Munich, Germany.
    3. Christos Pitelis & Roger Sugden & James R. Wilson (ed.), 2006. "Clusters and Globalisation," Books, Edward Elgar Publishing, number 3334.
    4. Hans-Dieter Evers & Azhari Karim, 2011. "The Maritime Potential of ASEAN Economies," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 30(1), pages 117-124.
    5. Wong, Poh-Kam & Ho, Yuen-Ping & Singh, Annette, 2007. "Towards an "Entrepreneurial University" Model to Support Knowledge-Based Economic Development: The Case of the National University of Singapore," World Development, Elsevier, vol. 35(6), pages 941-958, June.
    6. Elisa Giuliani, 2007. "The selective nature of knowledge networks in clusters: evidence from the wine industry," Journal of Economic Geography, Oxford University Press, vol. 7(2), pages 139-168, March.
    7. Matthew A. Zook, 2004. "The knowledge brokers: venture capitalists, tacit knowledge and regional development," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 28(3), pages 621-641, September.
    8. Evers, Hans-Dieter & Gerke, Solvay & Menkhoff, Thomas, 2010. "Knowledge Clusters and Knowledge Hubs: Designing Epistemic Landscapes for Development," MPRA Paper 33956, University Library of Munich, Germany, revised 08 Oct 2011.
    9. Thomas Menkhoff & Hans-Dieter Evers & Yue Wah Chay (ed.), 2010. "Governing and Managing Knowledge in Asia," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7526, August.
    10. Evers, Hans-Dieter, 2011. "Knowledge cluster formation as a science policy: lessons learned," MPRA Paper 33978, University Library of Munich, Germany.
    11. Jann Hidajat Tjakraatmadja & Agung Wicaksono & Lenny Martini, 2011. "Knowledge Sharing in the Indonesian Context: Institut Teknologi Bandung (ITB) as Potential Knowledge Hub to Create Value from Academia, Business and Government Linkages," World Scientific Book Chapters, in: Thomas Menkhoff & Hans-Dieter Evers & Yue Wah Chay & Eng Fong Pang (ed.), Beyond The Knowledge Trap Developing Asia's Knowledge-Based Economies, chapter 11, pages 269-298, World Scientific Publishing Co. Pte. Ltd..
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    More about this item

    Keywords

    Knowledge governance; knowledge clusters; science policy; maritime industry; Singapore;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • G3 - Financial Economics - - Corporate Finance and Governance
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics

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