Accession Number:

ADA159484

Title:

Singapore Economic Achievement: A Model for Rapid Growth.

Descriptive Note:

Research rept.,

Corporate Author:

AIR WAR COLL MAXWELL AFB AL

Personal Author(s):

Report Date:

1985-03-15

Pagination or Media Count:

44.0

Abstract:

Since 1959 when Singapore achieved self-government and particularly 1965 when Singapore became an independent nation following separation from the Federation of Malaysia, Singapore has taken bold steps in implementing ambitious developement policies and has achieved remarkable economic growth and social stability. Its per capita gross national product has increased steadily by more than six times from a modest figure of 2190 equivalent to US 1040 in 1968 to 13,794 US 6,569 in 1983, the second highest in the East Asian region after Japan. Singapore did not have a stable beginning as an independent country. Beset by the many early difficulties such as expulsion from Malaysia, Indonesian confrontation, the British military withdrawal, rising unemployment, labour unrest, a housing shortage, and racial conflict, Singapore was able to overcome all these problems and at the same time raise the living standard of its population. It has successfully transformed its economy from that of an entrepot to a manufacturing-service economy. During this period Singapore consistently maintained good economic growth rates, full employment, high productivity, and low inflation.

Subject Categories:

  • Economics and Cost Analysis
  • Sociology and Law

Distribution Statement:

APPROVED FOR PUBLIC RELEASE