Policy Formulations for a Knowledge-based Economy: A Comparative Study of Malaysia and Singapore

By Sajit Chandra Debnath.

Published by The Organization Collection

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Article: Print $US10.00
Article: Electronic $US5.00

Malaysia and Singapore have shown tremendous success in economic development by transforming their economic system into a knowledge-based economy. This paper explores the policies pursued by governments to create a knowledge-based economy. The comparative analysis shows that Singapore is one of the most successful countries in the region that pursued appropriate policies to become a knowledge-based economy. Malaysia, while showing some developments in KBE infrastructure development has not attained a status comparable to Singapore.

The paper uses empirical data for both Singapore and Malaysia to relate the efforts pursued by both countries to operationalize their policies on becoming knowledge-based economies. Each country’s policies are analyzed through a comparative framework in identifying whether their policy outcomes are unique to only both of the countries or there is a general pattern observable in a number of countries in terms of creating a knowledge-based economy.

Keywords: Knowledge-based Economy, Malaysia, Singapore, Economic Transformation, KBE Infrastructure

International Journal of Knowledge, Culture and Change Management, Volume 8, Issue 1, pp.147-158. Article: Print (Spiral Bound). Article: Electronic (PDF File; 986.351KB).

Dr. Sajit Chandra Debnath

Doctoral Student, Asia Pacific Studies, Ritsumeikan Asia Pacific University, Beppu Shi, Oita Ken, Japan

I am a doctoral student at one of Japan’s most prestigious universities, Ritsumeikan Asia Pacific University, currently working on my Ph.D. thesis under the direction of Professor A. Mani and Professor Yokoyama Kenji. I did my undergraduate study in Asia Pacific Management and Master in International Cooperation Policy. My research area is Knowledge-based Economy and I am working on ‘Policy formulations for becoming a knowledge-based economy’ using Singapore and Malaysia as cases. I worked at the Institute of Southeast Asian Studies in Singapore to collect necessary secondary data for my research. In future, I will continue my research activities on this subject.

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