Singapore's economic development: Four lessons and some doubts

Autor:	W. G. Huff
Rok vydání:	1999
Předmět:	Government Economic growth Total factor productivity growth Miracle media_common.quotation_subject Geography Planning and Development Development economics Economics Development Standard of living Variety (cybernetics) media_common
Zdroj:	Oxford Development Studies. 27:33-55
ISSN:	1469-9966 1360-0818
DOI:	10.1080/13600819908424165
Popis:	This paper uses a variety of data to take a close look at what lessons can be adduced from Singapore, often regarded as the world's most successful economy or even a miracle. There are indeed lessons from Singapore's remarkable growth, but the most interesting are those rarely, if ever, identified as such, which stem from government's central role in the economy. Although Singapore's economic record makes it a model to which many countries aspire, total factor productivity growth has been low. That finding, together with the particular nature of Singapore's state‐directed economic growth, create some doubts as to whether an economy able to sustain high living standards in the long term has yet been fashioned.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d7eeede0df5e79c4af056ed3781b4543 https://doi.org/10.1080/13600819908424165 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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