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 sustained rapid growthFinancial and business services Source: Singapore, Ministry of Trade and Industry, Economic Survey of Singapore. ... On the basis of cumulative net investment data, Singaporea#39;s capital stock has increased 33-fold since 1960, doubling onanbsp;...
|Title||:||Singapore: a Case Study in Rapid Development|
|Publisher||:||International Monetary Fund - 1995-12-01|