Specifically, he is referring to economies that actively promote
corporate and individual innovations: the United States, Taiwan,
the UK and China, in that order. These economies have not only
'multi-element societies', but also a driving emphasis on higher
education, especially in technology.
Encouraging innovation, the Fred Lin way
http://straitstimes.asia1.com.sg/money/story/0,4386,278387,00.html?
'Singapore is too rigid,' he says. 'Just take the case of
university education. China's universities have integrated their
research and entrepreneurship courses - which are highly useful for
students wanting careers in business - more so than institutions in
Singapore have.
'Things are too compartmentalised in Singapore. The desire to
innovate comes from a society's culture and environment. The
culture needs to be an enabling one, one that accepts
entrepreneurship.
'A government doesn't have to get into micromanagement, but its
role should be to establish a larger climate that encourages
individual initiative and entrepreneurship.
'Thus, even if an individual has tremendous self-confidence, it's
difficult for him to take off as an entrepreneur if the right
conditions aren't there,' Mr Lin concluded.
