{"id":38335,"date":"2021-02-04T12:07:50","date_gmt":"2021-02-04T04:07:50","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=38335"},"modified":"2021-02-04T12:07:50","modified_gmt":"2021-02-04T04:07:50","slug":"singapore-is-worlds-2nd-most-innovative-country-where-we-have-great-education-system","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/38335\/singapore-is-worlds-2nd-most-innovative-country-where-we-have-great-education-system\/","title":{"rendered":"Singapore is World’s 2nd Most Innovative Country Where We Have Great Education System"},"content":{"rendered":"

\"\"<\/p>\n

Singapore is World’s 2nd Most Innovative Country Where We Have Great Education System<\/p>\n

 <\/p>\n

Singapore’s is a small country with no natural resources and we always have to work extra hard to survive and part of our success so far comes from the new ways of doing ting rather than sticking to established methods where there is a reason we become No.2 most innovative country in the world, 2nd only to South Korea.<\/p>\n

\"\"<\/p>\n

Our Tertiary efficiency education system<\/p>\n

One of the strong factors is our education system which is good at pushing people to get degree and according to Bloomberg, the index ranks countries based on<\/p>\n

    \n
  1. Research & development (R&D) intensity<\/li>\n
  2. Manufacturing value-added<\/li>\n
  3. Productivity<\/li>\n
  4. High-tech density<\/li>\n
  5. Tertiary efficiency<\/li>\n
  6. Researcher concentration<\/li>\n
  7. Patent activity<\/li>\n<\/ol>\n

    \"\"<\/p>\n

    Bloomberg 2021 Innovation Index<\/p>\n

    In 2020, we have improved our position by 1 spot where we are the only South East Asian country in the top 20 as the next regional neighbour in the list is Malaysia at distant of No.29. According to Bloomberg, the tertiary efficiency indicator measured the pervasiveness of University education which it has 4 factors:<\/p>\n

      \n
    1. The percentage of people in tertiary education among their peers<\/li>\n
    2. The percentage of the labour force with a tertiary degree<\/li>\n
    3. Proportion of new graduates from science and engineering every year in the labour force<\/li>\n
    4. Proportion of new graduates from science and engineering every year among graduates<\/li>\n<\/ol>\n

      Another more value is added by the manufacturing which is focus on product like pharmaceuticals, automobiles and computers fare well in this indicator. Which in the 2021 index, we have seen for the 1st time how Covid-19 has a greater impact on the importance of innovation and Bloomberg also outlined 3 areas where countries like Singapore are using innovation to fight the virus.<\/p>\n

      \"\"<\/p>\n

      Factory innovate our own face mask<\/p>\n","protected":false},"excerpt":{"rendered":"

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