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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.

Suggested Citation

  • 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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    File URL: https://mpra.ub.uni-muenchen.de/33979/1/MPRA_paper_33979.pdf
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    References listed on IDEAS

    as
    1. Evers, Hans-Dieter, 2008. "Knowledge hubs and knowledge clusters: Designing a knowledge architecture for development," MPRA Paper 8778, University Library of Munich, Germany.
    2. 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.
    3. 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.
    4. Evers, Hans-Dieter, 2011. "Knowledge cluster formation as a science policy: lessons learned," MPRA Paper 33978, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Knowledge governance; knowledge clusters; science policy; maritime industry; Singapore;

    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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