Chee Soon Juan claims Singapore is lack of innovation hence the bad economy and we need political change to fix it. Really? How is a political change co-relate to innovation?
Is he losing touch with reality? Does he knows that the poor global economy directly affects Singapore hence the bad economy?
Governments will be crucial in this endeavour, not just in facilitating an environment conducive to research and development of innovations, but in facilitating international collaboration, and actively supporting a global innovation governance framework. Such a framework would have to be flexible enough to accommodate the dynamic nature of innovation and facilitate the mobility of scientists, funding and co-financing schemes.
Britain’s recent decision to leave the European Union (EU) is a case in point. Some “Brexiteers” and other anti-EU activists have claimed that small, nimble economies are more open and better able to weather crises and therefore require less international collaboration. Indeed, the GII’s research does show that small, open trading nations like Switzerland and Singapore are world leaders in innovation. But the notion that they do it while not part of a major grouping such as the EU is to miss the bigger picture. Both are truly integrated, global markets that collaborate heavily with bigger neighbouring economies and indeed global ones. Switzerland may not be part of the EU, but it is playing a central role in projects such as the Human Brain Project with its European partners, and builds pan-European infrastructure such as the new Gothard tunnel.