Teow, Hui Hui * and Dhiviya, Gopal Balakrishnan * and Ahmed, Pervaiz K. * and Mahendhiran, Sanggaran Nair * and Santha, Vaithilingam * (2023) 8i ecosystem analysis of the pace setter ASEAN country - Singapore. Working Paper. Sunway Institute for Global Strategy and Competitiveness (Sunway IGSC), Petaling Jaya, Malaysia.
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This paper explores the factors contributing to Singapore’s position as a major player in the global economy. Singapore, a small state in Southeast Asia, has experienced rapid economic growth since gaining independence in 1965. Its strategic location in the heart of Southeast Asia, along with a business-friendly environment, robust institutional governance system, sound economic policies, and world-class infrastructure, have played pivotal roles in driving its transformation from a developing country with a low-income economy into a high-income economy within less than five decades. Additionally, Singapore’s emphasis on human capital development, exemplified by its robust education system and high literacy rates, has resulted in a highly skilled and innovative workforce. This, in turn, has enabled Singapore to establish a strong presence at the higher end of the global value chains, attracting multinational
corporations and high-value foreign investments. Essentially, these factors are crucial in maintaining Singapore’s economic competitiveness and strengthening its position as a global business hub. To delve into Singapore’s success, this paper adopts the 8i ecosystem framework characterized by eight enablers, including institutions, interaction, integrity, infrastructure, infostructure, intellectual capital, incentives, and internationalization. Through a comprehensive examination of each enabler, this paper aims to shed light on Singapore’s robust national ecosystem and its role in shaping its political, social, and economic systems.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Uncontrolled Keywords: | Singapore; the pace-setter ASEAN country; the current state of play; 8i ecosystem analysis |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
| Divisions: | Sunway University > University Centres [formerly School of Interdisciplinary Studies until 2023] > Institute for Global Strategy & Competitiveness Sunway University > Sunway Business School [formerly Sunway University Business School until 2023] Sunway University > Sunway Business School [formerly Sunway University Business School until 2023] > Dept. Management |
| Depositing User: | Ms Yong Yee Chan |
| Related URLs: | |
| Date Deposited: | 25 Sep 2026 07:27 |
| Last Modified: | 19 Oct 2026 06:53 |
| URI: | http://repository.sunway.edu.my/id/eprint/3613 |
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