Since 2014
A Brief Assessment of Singapore\'s Economic Miracle
Philippine Review of Economics
View Archive Info| Field | Value | |
| Title |
A Brief Assessment of Singapore\'s Economic Miracle
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| Creator |
Khan, Habibullah
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| Subject |
—
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| Description |
After reviewing Singapore economic performance in the past three decades, the paper seeks to identify the reasons for Singapore success by adopting a political economy approach. It is argued that Singapore adopted a balanced combination of market and government and its economic philosophy closely reflected the governed market theory based on developmental state model. Although government intervention in Singapore was fairly extensive, the interventionist measures did not distort market efficiency due to the high quality of political leadership, pragmatism, meritocracy and social conformism. The future outlook for Singapore economy remains bright and such optimism is based on improvements in its educational standards, training programs, and stringent criteria of recruitment in the administrative service, as argued in the paper.
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| Publisher |
Philippine Review of Economics
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| Contributor |
—
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| Date |
1996-06-22
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/107
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| Source |
Philippine Review of Economics; Vol 33, No 1 (1996)
1655-1516 |
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| Language |
eng
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| Relation |
http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/107/722
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| Rights |
Copyright (c) 2019 Philippine Review of Economics
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