Stage | Singapore | Germany |
Stage I | Labor-intensive industries such as clothing, textiles, toys, wood products and wigs (1960s) | Capital and technology-intensive industries such as electronics and chemicals (1945-1970) |
Stage II | Skills and capital-intensive industries such as petroleum smelting, chemical industry, warehousing, precision engineering (1970-1980) | New economic industries such as computers and information technology (1990s) |
Stage III | Emerging industries such as high-end electronic information industry, pharmaceutical, life sciences and environmental protection (1990 to present) | Renewable energy field and new energy development field (2000 to present) |