Occasional Papers

Singapore: A Case Study in Rapid Development

Author/Editor:

Kenneth Bercuson

Publication Date:

December 1, 1995

Summary:

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.

Series:

Occasional Paper No. 1995/018

Subject:

Balance of payments Foreign direct investment Labor Labor costs National accounts Private savings Production Total factor productivity Wages