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Lessons Of Singapore'S Development For Other Developing Economies

Author

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  • TILAK ABEYSINGHE

    (Department of Economics, National University of Singapore, Singapore)

Abstract

While Singapore is grappling with policy options to sustain its success over the next 50 years, the developing world is wondering what made it such a success so far. By looking at some developing countries that are stuck in a roller-coaster ride of economic development I highlight some policy lessons they can learn from Singapore's success story. In a nutshell, as pointed out by Singapore's economic architect, Dr. Goh Keng Swee, non-economic factors matter more than the economic factors for a successful take-off of a developing economy. The paper also highlights some complementary development strategies that are instructive to developing economies.

Suggested Citation

  • Tilak Abeysinghe, 2015. "Lessons Of Singapore'S Development For Other Developing Economies," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 60(03), pages 1-13.
    • Handle: RePEc:wsi:serxxx:v:60:y:2015:i:03:n:s0217590815500290
    DOI: 10.1142/S0217590815500290
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    References listed on IDEAS

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    1. Commission on Growth and Development, 2008. "The Growth Report : Strategies for Sustained Growth and Inclusive Development," World Bank Publications - Books, The World Bank Group, number 6507.
    2. Nava Ravi Kumaran & Tilak Abeysinghe, 2008. "Economic Openess, Disciplined Government and Ethnic Peace," Governance Working Papers 22025, East Asian Bureau of Economic Research.
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    Cited by:

    1. Paitoon Kraipornsak, 2020. "The Different Structure of Sources of Growth between the Developed and the Developing Asia and the Pacific Countries," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(1), pages 22-34, January.

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    More about this item

    Keywords

    Non-economic factors; political stability; quality of governance; development strategies; O20; O21;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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