Singapore: a Case Study in Rapid Development

Kenneth Bercuson

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Asian Industrial and Economic Development Economic Growth and Productivity Socioeconomic Development in Asia

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.

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1974Are Government Bonds Net Wealth?1990Equipment Investment and Economic Growth 1988Productivity and U.S. economic growth 2019Fiscal Policy and Aggregate Demand 1985The Time Series Consumption Function Revisited 1993How much do distortions affect growth?1984Fiscal Policy and Aggregate Demand 1991Exchange Rate Policy in Developing Countries: Some Analytical Issues

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