The Rise Of Singapore

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.

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.

In the 50th anniversary year of Singapore's independence, it is timely to trace our developmental journey in order that young Singaporeans students, visiting tourists and foreigners working in Singapore may be informed about why and how Singapore succeeded, despite tremendous odds. The two volumes relate the developmental stories and secrets of Singapore, so that other developing countries can be inspired to achieve their own successes. It is a story worth telling, so that the great achievements by our Pioneer Generation will be recorded, and which may serve as an inspiration to the younger generations to guide them for the next 50 years.

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.

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.

This monograph seeks the key to good economic policy by explaining Singaporea s remarkably rapid development-the worlda s fastest-growing economy between 1960 and 2000-and asks whether the city-statea 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, Singaporea 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.

This book addresses key questions about how Singapore is likely to develop going forward, what are the key challenges facing the state, and how is the government going to deal with these matters. The book shows how important Lee Kuan Yew and subsequent individual leaders have been in shaping Singapore, and goes on to consider specific new challenges, including rapid population growth, migration and a changing population mix, the rise of China and possible shifts in the regional balance of power, and anxieties about the economy and an increasing global backlash against the neo-liberal free trade regime. It considers key areas of economic policy, social policy, and foreign policy, and explores the changing nature of governance. It also examines the Singapore government's effort to contain the COVID-19 outbreak. Overall, the book provides a concise, comprehensive assessment of the current state of Singapore and its likely future direction.

Research on Singapore's economic history has been complicated by the absence of economic data on pre-independence Singapore. This book aims to fill the gap by presenting a time-series of historical GDP estimates for the periods 1900-39 and 1950-60. The new data presented in the book sheds light on two key aspects of Singapore's economic history, namely the relationship between economic instability and growth, as well as the government's fiscal policy towards economic growth. As the first comprehensive empirical economic history of twentieth-century Singapore, this book is a valuable reference source for academics and graduate students interested in development and empirical economics.

In the 50th anniversary year of Singapore's independence, it is timely to trace our developmental journey in order that young Singaporeans students, visiting tourists and foreigners working in Singapore may be informed about why and how Singapore succeeded, despite tremendous odds. The two volumes relate the developmental stories and secrets of Singapore, so that other developing countries can be inspired to achieve their own successes. It is a story worth telling, so that the great achievements by our Pioneer Generation will be recorded, and which may serve as an inspiration to the younger generations to guide them for the next 50 years.

"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"--