Economic Dynamism, Openness, And Inclusion: How Singapore Can Make The Transition From An Era Of Catch-up Growth To Life In A Mature Economy PDF Download
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Author: Hian Teck Hoon Publisher: World Scientific ISBN: 9813236248 Category : Business & Economics Languages : en Pages : 176
Book Description
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.
Author: Hian Teck Hoon Publisher: World Scientific ISBN: 9813236248 Category : Business & Economics Languages : en Pages : 176
Book Description
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.
Author: Hian Teck Hoon Publisher: Routledge ISBN: 1000427218 Category : Business & Economics Languages : en Pages : 365
Book Description
Even after achieving the status of a developed economy, many economies face other challenges which may include economic stagnation and income inequality. The book looks at how a mature economy can continue to weather challenges and how the growth of living standards will depend on productivity growth through Singapore’s experience. After Singapore's rapid economic transformation, the nation is at a crossroads. The book explains how productivity growth in turn depends on technological diffusion from abroad as well as indigenous innovation. It also examines how the design of policy to develop indigenous innovation to promote economic dynamism may come with creative destruction and disruptive effects on jobs and wages. The Singapore Economy provides insight into how we can maintain social cohesion and establish a political equilibrium that embraces the new sources of growth through policy formulation for economic inclusion.
Author: Edmund Phelps Publisher: Springer Nature ISBN: 3031314417 Category : Business & Economics Languages : en Pages : 160
Book Description
This book charts the fall of productivity growth and the rise of inequality within global economies and societies. Set out through a series of economic models, the impact of falling rates of productivity growth, particularly in the USA, are examined in relation to lowering interest rates, the lifting of the stock market, and an increasingly unequal distribution of wealth. The economic impact of COVID-19, including the increased tendency to work from home and renewed public debt pressures, are contextualised within broader issues of wage suppression and discontent within the labor force to highlight how average workers have been left behind. The rise of China and the geopolitical tensions that it has created is also discussed. This book sets out the macro and microeconomic innovations that can create a revival in productivity growth in the coming years. It will be relevant to students and researchers interested in global economic trends and the political economy.
Author: Ming Leong Kuan Publisher: World Scientific ISBN: 9811250030 Category : Political Science Languages : en Pages : 351
Book Description
Singapore is recognised to be one of the most successful economies in the world given its rapid economic and social transformation. Its success is the result of a judicious blend of markets and government, high-quality governance, and public policies that are coherent, consistent and coordinated.This book showcases the contribution of Economics to Singapore's public policymaking. To illustrate the diverse areas that economic analysis has contributed to, this book comprises three sections that span the economic and non-economic policy domains in Singapore. Section I covers economic policies relating to economic growth, trade, investments, productivity, innovation, industrial development, the enterprise landscape and manpower. Section II highlights socioeconomic and security policies, and covers themes such as income inequality and mobility, families, healthcare costs and crime. In Section III, the focus is on infrastructural policies relating to the environment, housing and land transport.This book commemorates the 20th anniversary of the Singapore Government's Economist Service. As the premier service for economists in the Singapore public sector, the Economist Service plays an integral role in supporting evidence-based policymaking through rigorous economic research and analysis of public policies.
Author: Melissa Liow Li Sa Publisher: Springer Nature ISBN: 9819954517 Category : Social Science Languages : en Pages : 335
Book Description
This book offers theoretical and practical insights into land use, transport, and national policies in one of world’s well-known urban concrete jungle, none other than the Singapore city. The emphasis is situated on Singapore’s attempt to promote walking and cycling. Greater appreciation of walkability thrives on Singapore’s rich history, green city, people and the gastronomic kopitiam and hawker culture. The book offers a comprehensive coverage of walkability as a crucial component of urban design to reduce vehicular congestion with the associated carbon emissions, foster a healthy lifestyle and community participation and create jobs to help the economy. A high income per capita and an aging society, lessons drawn from Singapore’s experience will be useful to other societies. Scholars in sustainable tourism field, urban planners, government bodies, tourist boards, entrepreneurs, national parks board, residents, and inbound travellers will benefit from reading the book.
Author: Robert Z. Aliber Publisher: Springer Nature ISBN: 3031264827 Category : Political Science Languages : en Pages : 360
Book Description
This book explores the central economic and political issues defining the modern world. With contributions from a number of world renowned economists, a range of topical debates are discussed in an accessible and practical manner. The topics discussed include the current economic and political backdrop, global economic shifts, challenges within central banking and financial integration, the international monetary and financial system, and geopolitical tensions. Particular attention is given to the transition to a low carbon economy, the perils of public debt, the post-COVID-19 recovery, and the conflict in Ukraine. This book aims to envisage the economic challenges and opportunities that will be faced in the years to come. It will be relevant to students, researchers, and policymakers interested in economic policy and the political economy. Chapter-No.17 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.
Author: Peter Wilson Publisher: Edward Elgar Publishing ISBN: 1781008205 Category : Business & Economics Languages : en Pages : 342
Book Description
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.
Author: Kim-Song Tan Publisher: World Bank Publications ISBN: Category : Creative ability in business Languages : en Pages : 45
Book Description
Looks at the rationale behind the re-orientation of the innovation policy in the past few years and describes the various measures that have been implemented in the past few years to facilitate the transition to an innovative economy.
Author: Mun Heng Toh Publisher: World Scientific ISBN: 9789971692148 Category : Business & Economics Languages : en Pages : 380
Book Description
This volume provides an intensive review of the economic competitiveness of Singapore's economy. It identifies and analyses the strategies which will allow the economy to retain its competitive advantage in the years ahead in an increasingly globalised economic environment, considerably liberalised international trading and investment climate, and with regional economies challenging the country's competitive edge as a regional transportation hub, international financial centre and a primary regional centre for technology and education. Dialogues and interviews with managers and CEOs of industries in the private and public sectors are also included.
Author: Goh Chor Boon Publisher: Flipside Digital Content Company Inc. ISBN: 9814762784 Category : Business & Economics Languages : en Pages : 229
Book Description
Today, more than ever, the state of a country's science and technology is a critical factor for economic competitiveness and long-term growth. This book traces the development of science and technology policies and initiatives in Singapore since 1965. Developed as a trading entrepot by the British, science and technology were never strongly emphasized, right up to the 1970s. However, the need to stay ahead of economic competitiveness motivated the Singapore Government to initiate its national science and technology policy from the 1980s-moving Singapore from a low-skilled, low-technology economy to a high-skilled, high-technology one. Today, the drive for Singapore to become a hotbed for technological start-ups and R&D activities, supported by strong government funding and cutting-edge facilities, seems promising. Are the aspirations of nurturing a Silicon Valley-type culture in Singapore achievable? Are pragmatic, risk-averse Singaporeans ready for the mindset change? Can a nation of traders and service-brokers become a nation of technological innovators and entrepreneurs? This book attempts to provide the answers.
Author: Hian Teck Hoon
Author: Hian Teck Hoon
Author: Hian Teck Hoon
Author: Edmund Phelps
Author: Ming Leong Kuan
Author: Melissa Liow Li Sa
Author: Robert Z. Aliber
Author: Peter Wilson
Author: Kim-Song Tan
Author: Mun Heng Toh
Author: Goh Chor Boon