LEE SCRIPTED SINGAPORE SUCCESS STORY WITH TECHNOLOGY TRANSFER :
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Singapore ex Prime Minister Lee Kuan Yew, singularly built up Singapore & made it a developed & technologically advanced country. Having catapulted Singapore to a per capita income of $38000 in 2015, Lee created history which can never be replicated easily.
How did he do it ?
British left Singapore in 50"s after the war. British forces used Singapore as a harbour for ship wrecks, building & repair ships. PM Lee was left with a few thousands of Chinese origin people & the only skill they had was ship repairing. He thought from various dimensions, went to Israel, Suez canal, visited African countries, found out how nations of such origin survived. Then, he started educating, skilling & training his people in various trades & occupations like machine operations, soldiering, english speaking, mech engg, assembly, other core skills etc.
THE TURNING POINT CAME WHEN HE UNDERSTOOD THAT SINGAPORE WAS STRATEGICALLY LOCATED IN ASEA. HE TRANSFORMED SINGAPORE INTO A REGIONAL SERVICES HUB, INVITED MNC"S TO SET UP OPERATIONS THERE, GAVE TOTAL SUPPORT & CONGENIAL ENVIRON, INVOLVED & ENGAGED THE SINGAPOREANS.
IN 1959, TEXAS INSTRUMENTS CAME, THEN, MOTOROLA, IBM, HP, GM, OTHERS FOLLOWED. ALL MNC"S HAVE A BASE OR MANUFACTURING UNIT OR REGIONAL OFFICE IN SINGAPORE TODAY. RIGHT FROM HP"S NOTEBOOKS TO IBM"S GLOBAL SERVICES TO SONY"S MOBILE TO GM"S CAR, IT IS MADE THERE TO CATER TO ASIAN COUNTRIES & MARKET.
In addition, Lee provided good governance, controlled corruption, encouraged small enterprises, low investments, compulsory savings,leveraged technologies & innovations, interfered in people"s lives, set up major world class Universities, tied up with several advanced nations, ensured they did the right things.
Technology Transfer in Singapore is an interesting case & part of the subjects Foundations of Technology Mgt, Tech Transfer Mgt, offered by Business Mgt dept, Osmania University for the MBA - Tech Mgt program. I am a Visiting Professor there since 2002.This is just one example, among the 200 plus - developments, concepts, models, methods - which are taught & deliberated in the unique course offered by OU , for working professionals & fresh grads..
MILLIONS OF TECHNOLOGIES & INNOVATIONS WERE TRANSFERRED INTO SINGAPORE FROM MNC"S & ADVANCED NATIONS, WHICH MADE IT AN ADVANCED ECONOMY.
regards
Ramesh Vemuganti
M - 9849590511
MTC GLOBAL- Educate, Empower, Elevate
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