The most feasible solution to Singapore's economic and unemployment woes was to embark on a comprehensive program of industrialization, with a focus on labor-intensive industries. Unfortunately, Singapore had no industrial tradition. The majority of its working population was in trade and services.
The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore’s position as a global centre for business, innovation, and talent. Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore.
The economy of Singapore is a highly developed free-market economy. Singapore's economy has been ranked as the most open in the world, 3rd least corrupt, most pro-business, with low tax rates (14.2% of Gross Domestic Product, GDP) and has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP).
Gavin Peebles and Peter Wilson, Economic Growth and Development in Singapore: Past and Future. Cheltenham, UK: Edward Elgar, 2002. xiii + 328 pp. $110 (hardcover), ISBN: 1-84064-741-8. Reviewed for EH.NET by Anne Booth, School of Oriental and African Studies, University of London.
www.globalurbandevelopment.org/GUD Singapore MES Report.pdf
economists in the field of economic development have tried to identify the relevance of the lessons from these countries. Among them, the phenomenal case of Singapore’s economic growth has seen the most attention ; both praise and skepticism. After all, over the past few decades, Singapore has achieved astonishing economic achievements.
The Economist explains Why Singapore became an economic success. A great location, honest government and lots of foreign trade helped transform this tiny state into a regional powerhouse
The Singapore Economy Since independence in 1965, the Singapore economy has experienced rapid economic development. Singapore's strong economic performance reflects the success of its open and outward-oriented development strategy. Over the years, the composition of Singapore's exports has evolved from labour-intensive to high value-added ...
Learn more about the Singapore economy, including the population of Singapore, GDP, facts, trade, business, inflation and other data and analysis on its economy from the Index of Economic Freedom ...
The Economic Development Board (EDB, Chinese: 经济发展局) is a statutory board of the Government of Singapore that plans and executes strategies to sustain Singapore as a leading global hub for business and investment
Singapore has been called the 20th century's most successful development story. "I don't think any other economy," says Linda Lim, an economist at the University of Michigan, "even the other Asian ...