Economic growth and development in Singapore : past and future / Gavin Peebles and Peter Wilson.

Format:

Book

Author/Creator:

Peebles, Gavin, 1947-

Contributor:

Wilson, Peter, 1951-

Language:

English

Subjects (All):

Economic policy.

Singapore--Economic conditions.

Singapore.

Economic conditions.

Singapore--Economic policy.

Physical Description:

xiii, 328 pages : illustrations ; 24 cm

Place of Publication:

Cheltenham, UK ; Northampton, MA : Edward Elgar, [2002]

Contents:

2 Foundations for growth 24

2.1 Geographic and demographic aspects 24

2.2 Political aspects 29

2.3 Politics and development: past, present and future 38

2.4 Major institutions 41

2.5 The foundations for sustained growth 49

3 The growth experience 51

3.1 Output growth 51

3.2 Input growth and their contributions to growth 55

3.3 The TFP debate 58

3.4 Capital

output ratios as estimates of efficiency 66

3.5 TFP and future growth 68

3.6 Consequences of the TFP debate 70

4 Structural change 72

4.1 Composition of expenditures 72

4.2 The generation and use of national saving 79

4.3 Explaining the increase in the saving rate 81

4.4 The future of saving rates 86

4.5 The CPF system and saving 87

4.6 The CPF and the adequacy of private saving 91

4.7 The future of the CPF 94

4.8 Structural change in production 95

4.9 The manufacturing sector 96

4.10 The future of manufacturing 101

4.11 The services sector 103

4.12 Factor incomes and structural change 103

4.13 Change in occupational structure 105

5 Monetary, financial and fiscal aspects 108

5.1 Singapore's monetary system 108

5.2 The future of the Singapore currency 110

5.3 The future of money in Singapore 111

5.4 Financial sector 113

5.5 The future of banking 117

5.6 Fiscal features 120

5.7 Government financial accumulation 131

5.8 Fiscal future 131

5.9 Implications 133

6 Development indicators and welfare 134

6.1 Indigenous GNP per capita 135

6.2 Human development 136

6.3 Stress 140

6.4 Crime 141

6.5 Education 143

6.6 Health 144

6.7 Environment and leisure 146

6.8 Income inequality 147

6.9 Is Singapore a developed country? 153

7 Trade, trade policy and growth 159

7.1 Dependence on trade 160

7.2 Dependence on foreign resources 169

7.3 Vulnerability to external shocks 175

7.4 International competitiveness 179

7.5 Singapore's trade policy 185

7.6 Growing a second wing 188

7.7 Restructuring the external sector 190

7.8 Open regionalism 195

8 International finance and growth 203

8.1 The balance of payments 204

8.2 Exchange rates and exchange rate policy 211

8.3 The Singapore dollar and international competitiveness 217

8.4 Are Singapore's reserves too high? 223

8.5 Singapore as an international financial centre 230

8.6 The internationalization of the Singapore dollar 234

8.7 Monetary integration in Asia? 238

9 Back to the future: continuity or real paradigm shift? 244

9.1 The recent recessions 244

9.2 The present is the past again 248

9.3 The 2001 recession is different but the policy reactions were the same 249

9.4 A paradigm shift? 251

9.5 The political future 257

9.6 Regulation not control 258

9.7 Supervision not regulation 259

9.8 Personal saving problem 260

9.9 Services not manufacturing 261

9.10 Foreign talent and foreign firms are welcome 263

9.11 'Education, education, education' 264

9.12 From rationalization to globalization 266

9.13 A developed country at last? 268

Appendix B Singapore election systems: results and implications 276.

Notes:

Includes bibliographical references (pages 287-319) and index.

ISBN:

1840647418

1843760525

OCLC:

49304654