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Explaining the Economic Success of Singapore

Author: Johnny Sung

Publisher: Edward Elgar Publishing

Published: 2006-01-01

Total Pages: 216

ISBN-13: 9781781956311

'. . . serious, useful and interesting volume. It is readable, original, creative and well researched. In analyzing Singapore's experience the author provides a superb case study. Moreover, in providing it, by venturing beyond the narrow confines of his case study Sung also makes points that are pertinent to the efficacy of development processes generally, including in newer, lower income and/or transitional economies. . . this reviewer recommends the book enthusiastically and without reservation.' - Robert L. Curry, Jr., Journal of Asian Business

Singapore's Success

Author: Henri C. Ghesquière

Publisher:

Published: 2007

Total Pages: 208

ISBN-13:

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This monograph seeks the key to good economic policy by explaining Singapore's remarkably rapid development-the world's fastest-growing economy between 1960 and 2000-and asks whether the city-state's success can be translated to other countries. Engineering prosperity is at the heart of Singapore. The book demonstrates how exceptional cohesion amongst economic outcomes, policies, institutions, values, and leadership over a long period account for the impressive results obtained. The author is careful not to present Singapore as a model to be copied uncritically in its specifics but as a case history that illustrates general principles which other countries might wish to apply to their particular circumstances.Well-researched yet highly readable, Singapore's Success: Engineering Economic Growth will appeal to Singaporeans and a wide international audience, including policy-makers and advisors, students of development economics, and anyone interested in the quest for sustained economic growth.

Singapore's Economic Development: Retrospection And Reflections

Author: Linda Y C Lim

Publisher: World Scientific

Published: 2015-12-30

Total Pages: 333

ISBN-13: 9814723487

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Singapore is known internationally for its successful economic development. Key to its economic successes is a variety of policies put into place over the past 50 years since its independence. Singapore's Economic Development: Retrospection and Reflections provides a retrospective analysis of independent Singapore's economic development, from the perspective of different policy domains each considered by different expert scholars in that particular field.The book is written by academic economists in a style that is accessible to non-experts. Each chapter includes reviews of past scholarship, current data on each policy area, and reflections on required or desirable future policy changes and outcomes.By examining the evolution of past and current policies which combined to make Singapore's development a success and exploring emerging developmental challenges, Singapore's Economic Development: Retrospection and Reflections gives readers a better understanding of Singapore's economic trajectory and future.

Economic growth and development in Singapore

Author: Peter Wilson

Publisher: Edward Elgar Publishing

Published: 2002-10-29

Total Pages: 342

ISBN-13: 1781008205

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In this book Gavin Peebles and Peter Wilson offer an historical overview of the rapid growth and development of the Singapore economy, detailing the institutions and policies which have made this growth possible. They examine the current state of the economy and its future in terms of prospective growth and structural change.

The Economic Growth of Singapore

Author: W. G. Huff

Publisher: Cambridge University Press

Published: 1997-08-13

Total Pages: 500

ISBN-13: 9780521629447

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This book provides a comprehensive overview of the economic development of Singapore, easily the leading commercial and financial centre in Southeast Asia throughout the twentieth century. This development has been based on a strategic location at the crossroads of Asia, a free trade economy, and a dynamic entrepreneurial tradition. Initial twentieth-century economic success was linked to a group of legendary Chinese entrepreneurs, but by mid-century independent Singapore looked to multinational enterprise to deliver economic growth. Nonetheless exports of manufactures accounted for only part of Singaporean expansion, and by the 1980s Singapore was a major international financial centre and leading world exporter of commercial services. Throughout this study Dr Huff assesses the interaction of government policy and market forces, and places the transformation of the Singaporean economy in the context of both development theory and experience elsewhere in East Asia.

Strategies of Singapore's Economic Success

Author: Sui Sen Hon

Publisher: Cavendish Square Publishing

Published: 2004

Total Pages: 576

ISBN-13:

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Globalization is a key concern today as witnessed by the increasing international transactions and burgeoning interest in the fast-growing economies in Asia. Aided by the proliferation of technology and telecommunications, the tyranny of space and time has been rendered less daunting and more easily surmountable. As a small open economy, Singapore is highly vulnerable to external forces and dependent on the global economy for its trade, investment and technology markets. Recognizing Singapores vulnerable position, and faced with the increasingly complex and difficult global issues in the 1970s, Mr. Hon Sui Sen understood the need for desperate measures in desperate times. A man of vision and high intellectual capacity, and as one of the longest serving Finance Ministers in the world, Mr. Hon set policies that would help Singapore to weather the difficult years of the 1970s and lead it to achieve its status today as a thriving nation. This reissue is part of the Singapore Economics His

Economic Dynamism, Openness, And Inclusion: How Singapore Can Make The Transition From An Era Of Catch-up Growth To Life In A Mature Economy

Author: Hian Teck Hoon

Publisher: World Scientific

Published: 2018-12-21

Total Pages: 176

ISBN-13: 9813236248

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As Singapore progresses from a newly-independent nation to a more mature economy, the economic challenges it faces have evolved.In the 50 years following Singapore's independence, the country tackled economic challenges relating to a fledgling nation, that included launching onto a path of economic take-off, and managing workers' wage aspirations without rising unemployment. It met those challenges, successfully transiting from relative poverty in the 1960s to relative prosperity today.As the country enters the next phase of its economic development, having now surpassed the US standard of living as measured by real GDP per capita, it faces another set of challenges: How to transit from catch-up growth arising from technological diffusion from frontier economies, to generating indigenous innovation? How to face the problem of a shrinking local workforce? How to manage a shift in job preferences with rising wealth and educational attainments?This volume provides a theory of Singapore's economic development. With a coherent theory capable of explaining how Singapore got to where it is, the book analyses how the future might look like for the Singapore economy. With its forward-looking analysis, this book is valuable to students as it weaves macroeconomic data together with growth theory and highlights the interaction of economic forces with social influences and political institutions. It also serves as a good reference for other emerging economies that, like Singapore, want to avoid the middle-income trap, and for researchers interested in analysing the economic possibilities for current and future Singaporeans.

Refreshing The Singapore System: Recalibrating Socio-economic Policy For The 21st Century

Author: Terence Wai Luen Ho

Publisher: World Scientific

Published: 2021-08-13

Total Pages: 443

ISBN-13: 9811236550

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Singapore's rapid ascent from Third World to First since its independence in 1965 has won it acclaim as an 'economic miracle'. Economic success has been accompanied by impressive achievements in social development, as reflected in international rankings of human capital and human development.The city state's achievements are founded on a socio-economic system characterised by low tax rates, flexible labour markets, and individual 'self-reliance', with state support centred on social investment in education and public housing.Entering the 21st century, however, slowing economic growth, an ageing population, global competition, and widening income dispersion have put the Singapore System under strain. This has prompted a significant refresh of social and economic policies over the past 15-20 years.This book aims to bring the reader up to date on Singapore's socio-economic development in the first two decades of the 21st century. It looks back to the shifts in policy thinking that have accompanied structural changes to Singapore's society and economy, taking stock of the policy innovations aimed at sustaining income growth, economic security, and social mobility. It looks around to compare Singapore's approach to those of other countries facing similar challenges, situating Singapore's experience in the wider international discourse on public policy. Finally, it looks ahead to how the Singapore System may evolve in the years to come.

The Political Economy of Singapore's Industrialization

Author: Garry Rodan

Publisher: Springer

Published: 2016-02-03

Total Pages: 282

ISBN-13: 1349199230

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A study which challenges the dominant understanding of Singapore as a case where "correct" policies have made rapid industrialization possible and which raises questions about the possibility and appropriateness of its emulation.

Singapore And Switzerland: Secrets To Small State Success

Author: Yvonne Guo

Publisher: World Scientific

Published: 2016-07-22

Total Pages: 350

ISBN-13: 9814651419

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The cases of Singapore and Switzerland present a fascinating puzzle: how have two small states achieved similar levels of success through divergent pathways? Are both approaches equally sustainable, and what lessons do they hold for each other? While Singapore is the archetypal developmental state, whose success can be attributed to strong political leadership and long-term planning, Switzerland's success is a more organic process, due to the propitious convergence of strong industries and a resilient citizenry. Yet throughout the course of their development, both countries have had to deal with the dual challenges of culturally heterogeneous populations and challenging regional contexts. Edited by Yvonne Guo and Jun Jie Woo, with forewords from Ambassadors Thomas Kupfer and Tommy Koh, Singapore and Switzerland: Secrets to Small State Success features contributions from distinguished scholars and policymakers who explore the dynamics of two small states which have topped international rankings in a dazzling array of policy areas, from economic competitiveness to education to governance, but whose pathways to success could not be more different.