Aruba, Hub to the Caribbean

Aruba, Caribbean knowledge HUB

Diversification the Singapore way

Implementation of the Singapore Master Plan on the Island of Aruba

A viable Market Development solution?

Remo Kock

MBA Masterclass

International Marketing and Business

Caribbean University, Aruba

Preface

Because of my own interest in the Information & Communication Technology sector developments and the Aruban economy, I started thinking of the successful

Singapore Master Plan where, in Singapore, the economy has grown with an annual rate of 8.5% from 1960. Except for the years 1964, 1975, 1985 and 1986 the economy has recorded a growth of more than 5% annually. Singapore’s growth has been accompanied by a change of the economic structure with a shift from local (agriculture, quarring) to global services. Now there is a focus on high value added industries such as financial and business services and technology manufacturing .

I wondered if a similar setup would be beneficial for Aruba with know-how and geographic location being important factors to take into account. As with Singapore being a hub