The Process of Industrialization of Singapore: Adapt from The Core,, Rising from The Periphery

This article examines the process of transferring Singapore to the developed industrial world. this process realizedby the adaptation and transfer of technology and capital from developed industrial countries,the manufacturing sector was a backbone of Singapore's economic growth, Singapore 's pathway into modern economic growth can be meaningfully characterized as a trajectory of ‘labor-intensive industrialization, to a very open, high-wage producer of high-technology, capital-intensive products in several steps. after the independencethe country had undergone a rapid industrial advance based on low-cost labor, low- to middle-level technology, and a rapid increase in exports, during this period foreign investments were sought in mainly labor-intensive activities. by the early 1970s, the unemployment problem that had plagued Singapore since independence was largely solved, and policies attempted to restructure the industrial base toward more capital- and skill-intensive activities. This phase, Industrial Restructuring, lasted to 1980s. by 1985, with much of the opportunity for technology catch-up in manufacturing having been exhausted, policies were directed toward diversification of the industrial base, ffollowing this trend since the 1990s, Singapore has closed the technology gap with developed countries and become a creative economy among industrialized nations.