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Singapore
			: A Case Study in Rapid Development

Singapore : A Case Study in Rapid Development »

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

DOI: http://dx.doi.org/10.5089/9781557754639.084

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

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 per...

Statistical Appendix

Statistical Appendix »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Table A1 Pioneer Manufacturing Firms by Industry...

I Introduction

I Introduction »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Since attaining independence in 1965, Singapore has experienced exceptionally rapid growth, low inflation, and a healthy balance of payments (Chart 1-1). Over the past 30 years, real GDP per capita has grown...

II Accounting for Growth in Singapore

II Accounting for Growth in Singapore »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Since achieving independence, Singapore has experienced rapid growth. In the period 1960-91, real GDP rose at an average annual rate of 8 1/4 percent, or by 6 1/4 percent a year in per capita terms. In fact,...

III Singapore’s Development Strategy

III Singapore’s Development Strategy »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

In large part, Singapore’s rapid growth can be attributed to policies that promoted macroeconomic stability (low inflation, positive real interest rates, sound fiscal management) and limited relative price d...

IV Fiscal and Monetary Policies

IV Fiscal and Monetary Policies »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Among the most important factors in explaining Singapore’s rapid development is the ongoing policy commitment to macroeconomic stability. The pursuit of cautious financial policies has underpinned investor c...

V Labor Market Policies

V Labor Market Policies »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Wages and labor market policies have been cornerstones of Singapore’s development strategy. Over the past three decades, four distinct periods can be identified. In the first (mid-1960s to the late 1970s), p...

VI Singapore’s Experience as an Open Economy

VI Singapore’s Experience as an Open Economy »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

Singapore’s ongoing commitment to a liberal external regime has figured importantly in its development. A capital account almost completely free of restrictions has fostered investment flows. In addition, in...

VII Determinants of Private Saving in Singapore

VII Determinants of Private Saving in Singapore »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

A dissaver in the early 1960s, Singapore over the past three decades has become the thriftiest country in the world, saving on average 41 percent of its GNP in the 1980s. This section presents an econometric...

Back Matter

Back Matter »

Source: Singapore : A Case Study in Rapid Development

Series: Occasional Papers

Author(s): Kenneth Bercuson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 1995

ISBN: 9781557754639

Keywords: private consumption, wage, gnp, tfp, national saving

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 per...