Singapore's Economic Development

Retrospection and Reflections

Singapore is known internationally for its successful economic development. Key to its economic successes is a variety of policies put into place over the past 50 years since its independence. Singapore's Economic Development: Retrospection and Reflections provides a retrospective analysis of independent Singapore's economic development, from the perspective of different policy domains each considered by different expert scholars in that particular field.

The book is written by academic economists in a style that is accessible to non-experts. Each chapter includes reviews of past scholarship, current data on each policy area, and reflections on required or desirable future policy changes and outcomes.

By examining the evolution of past and current policies which combined to make Singapore's development a success and exploring emerging developmental challenges, Singapore's Economic Development: Retrospection and Reflections gives readers a better understanding of Singapore's economic trajectory and future.

Contents:

• Fifty Years of Development in the Singapore Economy: An Introductory Review (Linda Y C Lim)
• Governance and Economic Change in Singapore (Lee Soo Ann)
• Lessons of Singapore's Development for Other Developing Economies (Tilak Abeysinghe)
• The Role of the State in Singapore: Pragmatism in Pursuit of Growth (Tan Kim Song and Manu Bhaskaran)
• Monetary Policy and Financial Sector Development (Peter Wilson)
• Public Financial Management in Singapore: Key Characteristics and Prospects (Mukul G Asher, Azad Singh Bali and Chang Yee Kwan)
• Labor, Productivity and Singapore's Development Model (Pang Eng Fong and Linda Y C Lim)
• Globalization and Regionalization: Singapore's Trade and FDI (Chia Siow Yue)
• Singapore's Demographic Transition, the Labor Force and Government Policies: The Last 50 Years (Yap Mui Teng and Christopher Gee)
• Singapore's Housing Policies: Responding to the Challenges of Economic Transitions (Sock-Yong Phang)
• Adding a Basic Pillar to the Central Provident Fund System: An Actuarial Analysis (Ngee-Choon Chia)
• Being Poor in a Rich "Nanny State": Developments in Singapore Social Welfare (Irene Y H Ng)
• Energy and Environmental Policy (Youngho Chang)
• About the Contributors

Readership: General readers, researchers and academics alike who are interested in Singapore's economics and development since its independence.
Key Features:

• It is a multi-author volume covering different policy areas all focused on economic development, thus providing both depth and breadth. The authors are all established senior Singaporean or Singapore-based scholars known for their expertise in the specific policy area each addresses
• It provides both a comprehensive historical overview and an up-to-date contemporary analysis
• It identifies not only the well-known successes of the past but also the challenges of the present and future now that Singapore is an ageing, affluent, mature economy, identifying limitations of past and current policies and suggesting possible changes