Singapore: A Case Study in Rapid Development

Kenneth Bercuson

No 1995/018, IMF Occasional Papers from International Monetary Fund

Abstract: Since attaining independence in 1965, Singapore has experienced exceptionally rapid growth, low inflation, and a healthy balance of payments. This paper reviews Singapore’s economic development from a long-term perspective and examines some of the factors that have contributed to the rapid growth.

Keywords: OP; right; wage; Singapore economy; CPF savings; saving rate; correction Policy; financial services service sector; Total factor productivity; Private savings; Foreign direct investment; Labor costs; Southeast Asia; Asia and Pacific; Global; Europe; East Asia; Africa; Singapore's development; Wages; Caribbean (search for similar items in EconPapers)
Pages: 75
Date: 1995-12-01
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Citations: View citations in EconPapers (18)

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