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Singapore’s five decades of development: lessons and future directions

Philippine Review of Economics

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Title Singapore’s five decades of development: lessons and future directions
 
Creator Yue, Chia Siow; Singapore Institute of International Affairs
 
Subject Singapore development model, economic policy, social policy, city-state economy
 
Description This paper looks at Singapore’s transition from a Third World economy at the time of political independence in August 1965 to a First World economy five decades later. It is a unique city-state with a dearth of land and natural resources and pursuing a government-led, mnc (multinational corporation)- led, and export-led development strategy. Government and governance have been outstanding, and the city-state overcame its constraints by adopting open trade and investment policies, making the region and the world its economic hinterland. Five decades later, while facing the same demographic and land constraints, it has to overcome the challenges of transitioning into a private-enterprise-driven and innovation-driven economy.JEL classification: F1, F2, H1, J1, O1, O2
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2015-12-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/923
 
Source Philippine Review of Economics; Vol 52, No 2 (2015); 38-64
1655-1516
 
Language en
 
Rights Copyright (c) 2017 Philippine Review of Economics