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Singapore: A Case Study in Rapid Development

Author

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  • Mr. Kenneth Bercuson

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.

Suggested Citation

  • Mr. Kenneth Bercuson, 1995. "Singapore: A Case Study in Rapid Development," IMF Occasional Papers 1995/018, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1995/018
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    Citations

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    Cited by:

    1. Wu, Ying, 2001. "Exchange rates, stock prices, and money markets: evidence from Singapore," Journal of Asian Economics, Elsevier, vol. 12(3), pages 445-458.
    2. Akhand Akhtar Hossain, 2009. "Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 12777.
    3. Barry Eichengreen & Ugo Panizza, 2016. "A surplus of ambition: can Europe rely on large primary surpluses to solve its debt problem?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 31(85), pages 5-49.
    4. Jeannine Bailliu & Helmut Reisen, 1998. "Do funded pensions contribute to higher aggregate savings? A cross-country analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 134(4), pages 692-711, December.
    5. Ying Wu & Ruifang Wang, 2003. "Monetary Sterilization of Capital Inflows through the Central-Provident-Fund Savings in Singapore," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 6(01), pages 65-86.
    6. Mahinda Siriwardana, 2000. "A General Equilibrium Explanation of the Growth in Singapore's Exports: A Paradoxical Outcome?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 5(3), pages 303-335.
    7. M. A. Voskanyan, 2020. "Experience of the Asian Tigers’ economic reforms: The success factors," Journal of New Economy, Ural State University of Economics, vol. 21(2), pages 24-44, July.
    8. K. Ali Akkemik, 2007. "TFP growth and resource allocation in Singapore, 1965-2002," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(8), pages 1059-1073.
    9. Sarosh Kuruvilla & Rodney Chua, 2000. "How Do Nations Increase Workforce Skills? Factors Influencing the Success of the Singapore Skills Development System," Global Business Review, International Management Institute, vol. 1(1), pages 11-47, February.
    10. World Bank, 2005. "Latin America and the Caribbean : A Time to Choose, Caribbean Development in the 21st Century," World Bank Publications - Reports 8542, The World Bank Group.
    11. Mr. Hamid Faruqee & Mr. Aasim M. Husain, 1995. "Saving Trends in Southeast Asia: A Cross-Country Analysis," IMF Working Papers 1995/039, International Monetary Fund.
    12. K. Ali Akkemik, 2005. "Labor Productivity and Inter-Sectoral Reallocation of Labor in Singapore (1965-2002)," GE, Growth, Math methods 0510005, University Library of Munich, Germany.
    13. Akhand Akhtar Hossain, 2015. "The Evolution of Central Banking and Monetary Policy in the Asia-Pacific," Books, Edward Elgar Publishing, number 14611.
    14. Gregor Hopf, 2006. "A Critical Assessment Of Past Investigations Into Singapore'S Saving Behavior," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 51(01), pages 67-90.
    15. Jose L. Tongzon, 2002. "The Economies of Southeast Asia, Second Edition," Books, Edward Elgar Publishing, number 2029.
    16. Abeysinghe, Tilak & Choy, Keen Meng, 2004. "The aggregate consumption puzzle in Singapore," Journal of Asian Economics, Elsevier, vol. 15(3), pages 563-578, June.
    17. International Monetary Fund, 2005. "Singapore: Selected Issues," IMF Staff Country Reports 2005/140, International Monetary Fund.

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