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Declining global market share of Singapore's electronics exports: Is it a concern?
Author(s) -
Wu Friedrich,
Loy Chua Boon
Publication year - 2003
Publication title -
thunderbird international business review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.553
H-Index - 37
eISSN - 1520-6874
pISSN - 1096-4762
DOI - 10.1002/tie.10058
Subject(s) - market share , business , resizing , production (economics) , service (business) , international trade , electronics , china , industrial organization , order (exchange) , market access , ranking (information retrieval) , competitive advantage , commerce , economics , marketing , finance , engineering , ecology , european union , machine learning , biology , law , political science , electrical engineering , computer science , macroeconomics , agriculture
Abstract In contrast with the steadily rising shares of other regional exporters, Singapore's export shares inthe global electronics market have been faltering in recent years. This has given rise to concerns about itsexport competitiveness. The drop in Singapore's global ranking can be attributed to shrinking exports ofend products and low‐end electronics parts, as manufacturers relocate such assembly production out ofSingapore to the regional economies. Fortunately, Singapore remains competitive in the export ofhigh‐end intermediate electronics components, which are characterized by capability, technology, andautomation‐intensive processes. While Singapore is progressing in the right direction, the climb up thehigh‐tech value chain needs to be further accelerated in order to maintain a technology gap withregional exporters. Besides accelerating its own industrial upgrading, Singapore needs to actively pursuemeasures that would help create a more integrated and competitive production platform for ASEAN, as well as toseek opportunities to service the rapidly enlarging consumer market in China. © 2003 Wiley Periodicals,Inc.