Vibrant Eco-system Creation for Sustainability: A Lesson from Singapore's Water Industry
Keywords:Technology Substitution, Eco-system, Global Hydrohub, Sustainability
Through a stepwise national strategy of importing technology, building indigenous capabilities through learning and assimilating imported technology to exporting the indigenous capabilities, Singapore has successfully caught up with the nations that are advanced in the technologies related to water treatment. From the macro-numerical phenomenon observed, this paper aims to provide both qualitative and quantitative evidences of this co-evolutionary dynamism between innovation and institutional systems. Realising the issue as a comprehensive technology chain and its substitution for traditional resources, sophisticated combination of government stimulation and industry participation leading to a Global Hydrohub has induced world leading-edge innovation involvement. Such a vibrant eco-system aiming at overcoming the constraints for sustainable growth can be applied not only to water management but also to energy and climate change issues. Policy makers in emerging economies can adapt the successful practices and note the pitfalls in establishing the vibrant eco-system that is essential for sustainable environmental solutions for their economies.
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