Economics In Practice: Evidence-based Policymaking In Singapore

Economics In Practice: Evidence-based Policymaking In Singapore
Author: Ming Leong Kuan
Publisher: World Scientific
Total Pages: 351
Release: 2021-12-10
Genre: Political Science
ISBN: 9811250030

Singapore is recognised to be one of the most successful economies in the world given its rapid economic and social transformation. Its success is the result of a judicious blend of markets and government, high-quality governance, and public policies that are coherent, consistent and coordinated.This book showcases the contribution of Economics to Singapore's public policymaking. To illustrate the diverse areas that economic analysis has contributed to, this book comprises three sections that span the economic and non-economic policy domains in Singapore. Section I covers economic policies relating to economic growth, trade, investments, productivity, innovation, industrial development, the enterprise landscape and manpower. Section II highlights socioeconomic and security policies, and covers themes such as income inequality and mobility, families, healthcare costs and crime. In Section III, the focus is on infrastructural policies relating to the environment, housing and land transport.This book commemorates the 20th anniversary of the Singapore Government's Economist Service. As the premier service for economists in the Singapore public sector, the Economist Service plays an integral role in supporting evidence-based policymaking through rigorous economic research and analysis of public policies.

The Singapore Economy

The Singapore Economy
Author: Tilak Abeysinghe
Publisher: Routledge
Total Pages: 202
Release: 2007-03-12
Genre: Business & Economics
ISBN: 1134113587

Singapore's phenomenal transformation from Third World to First World status has been of great interest to economists around the world yet there has been little quantitative research done on its economy and institutions. This innovative new research monograph fills the lacunae by presenting the Singapore economy through a macroeconometric model and laying the foundations for further research. Using formal econometric analysis and novel modelling techniques, Abeysinghe and Choy offer rare insights into how the Singapore economy works. Each of the major chapters discusses the implications of the empirical findings for current policy and an entire chapter has been devoted to macroeconomic policy simulations. This book is a unique introduction to the Singapore economy and would be of interest to econometric modellers and policy makers in Singapore as well as advanced undergraduates and graduate researchers interested in modelling small open economies.

Government Policy and Critical Success Factors of Small Businesses in Singapore

Government Policy and Critical Success Factors of Small Businesses in Singapore
Author: Harold Siow Song Teng
Publisher: Cambridge Scholars Publishing
Total Pages: 230
Release: 2011-09-22
Genre: Business & Economics
ISBN: 1443833940

One of the main economic players responsible for Singapore’s economic success is its small and medium-sized enterprises or SMEs. Their overall success has helped propel the country and its people forward. From economic policies to politics, Singapore is a planned and regulated economy. Singapore’s economic success story is actually the result of a form of capitalism carefully calibrated and controlled by the government. An important element or aspect of good critical success factors (CSFs) emerges from the role being played by the government. The existence of good government or public policies that are pro-business is vital for the success of firms. Despite the fact that government policies and CSFs are widely studied in areas around the world including in Singapore, there is no comprehensive prediction model available to test if firms have potential to be successful or are more prone to failures. Much research investigates the non-financial factors contributing to success versus failure of small firms, but empirical tests of the predictability of these factors are less common. This book, which is primarily quantitative/ positivist in nature will attempt to fill this gap.

Crisis Management And Public Policy: Singapore's Approach To Economic Resilience

Crisis Management And Public Policy: Singapore's Approach To Economic Resilience
Author: Hui Ying Sng
Publisher: World Scientific
Total Pages: 219
Release: 2011-06-10
Genre: Political Science
ISBN: 9814460745

This book is an annual effort by the economists from the Nanyang Technological University to provide analysis, interpretations and insights on contemporary economic issues affecting Singapore.In 2010, Singapore's economy was just recovering from the sharp economic downturn in 2008/09 caused by the Global Financial Crisis. The global economic outlook in the short and medium term remained uncertain and the risk of another economic or financial crisis remains high. Thus, one of the key themes of this book is to study economic crises and financial crises, and the policy measures that are available to manage them.Looking ahead, in order to ensure long term growth and prosperity for Singapore's economy, microeconomic policy adjustments and fine-tuning is still needed to build a competitive and resilient nation. Therefore, the second key theme of the book is to review several public policies in Singapore, such as competition, healthcare, training, free trade agreements, state capitalism and inequality.

Toward a Better Future

Toward a Better Future
Author: Fredriksen Birger
Publisher: World Bank Publications
Total Pages: 226
Release: 2008-04-18
Genre: Business & Economics
ISBN: 0821373765

'Toward a Better Future' provides a comprehensive analysis of education development in Singapore since 1965, giving particular attention to the strategic management that has enabled Singapore to transform its education and training system from one similar to that of many Sub-Saharan African countries four decades ago into one of the world's best-performing systems. It is one of a pair of concurrently-published books presenting materials originally developed for a 2006 study tour to Singapore and Vietnam for senior education officials from Cameroon, Ethiopia, Ghana, Lesotho, Madagascar, and Mozambique. The second book, 'An African Exploration of the East Asian Education Experience', presents five country studies, as well as regional, comparative analyses highlighting insights gained during the study tour and putting them in the context of Sub-Saharan Africa. Together, the two books aim to foster knowledge exchange between Sub-Saharan African and East Asian countries on good practices in the design and implementation of education policies and programs. By facilitating the cross-country fertilization of ideas between two regions with relatively limited contact in the past, these books fi ll a clear gap in the current literature on development practice in education.

From Traders to Innovators

From Traders to Innovators
Author: Goh Chor Boon
Publisher: Flipside Digital Content Company Inc.
Total Pages: 214
Release: 2018-02-14
Genre: Business & Economics
ISBN: 9814762784

Today, more than ever, the state of a country's science and technology is a critical factor for economic competitiveness and long-term growth. This book traces the development of science and technology policies and initiatives in Singapore since 1965. Developed as a trading entrepot by the British, science and technology were never strongly emphasized, right up to the 1970s. However, the need to stay ahead of economic competitiveness motivated the Singapore Government to initiate its national science and technology policy from the 1980s-moving Singapore from a low-skilled, low-technology economy to a high-skilled, high-technology one. Today, the drive for Singapore to become a hotbed for technological start-ups and R&D activities, supported by strong government funding and cutting-edge facilities, seems promising. Are the aspirations of nurturing a Silicon Valley-type culture in Singapore achievable? Are pragmatic, risk-averse Singaporeans ready for the mindset change? Can a nation of traders and service-brokers become a nation of technological innovators and entrepreneurs? This book attempts to provide the answers.

Singapore's Economic Development

Singapore's Economic Development
Author: Linda Y. C. LIM
Publisher: World Scientific
Total Pages: 333
Release: 2015-12-30
Genre: Political Science
ISBN: 9814723479

"Singapore is known internationally for its successful economic development. Key to its economic successes is a variety of policies put into place over the past 50 years since its independence. Singapore's Economic Development: Retrospection and Reflections provides a retrospective analysis of independent Singapore's economic development, from the perspective of different policy domains each considered by different expert scholars in that particular field. The book is written by academic economists in a style that is accessible to non-experts. Each chapter includes reviews of past scholarship, current data on each policy area, and reflections on required or desirable future policy changes and outcomes"--

Refreshing The Singapore System: Recalibrating Socio-economic Policy For The 21st Century

Refreshing The Singapore System: Recalibrating Socio-economic Policy For The 21st Century
Author: Terence Wai Luen Ho
Publisher: World Scientific
Total Pages: 443
Release: 2021-08-13
Genre: Political Science
ISBN: 9811236550

Singapore's rapid ascent from Third World to First since its independence in 1965 has won it acclaim as an 'economic miracle'. Economic success has been accompanied by impressive achievements in social development, as reflected in international rankings of human capital and human development.The city state's achievements are founded on a socio-economic system characterised by low tax rates, flexible labour markets, and individual 'self-reliance', with state support centred on social investment in education and public housing.Entering the 21st century, however, slowing economic growth, an ageing population, global competition, and widening income dispersion have put the Singapore System under strain. This has prompted a significant refresh of social and economic policies over the past 15-20 years.This book aims to bring the reader up to date on Singapore's socio-economic development in the first two decades of the 21st century. It looks back to the shifts in policy thinking that have accompanied structural changes to Singapore's society and economy, taking stock of the policy innovations aimed at sustaining income growth, economic security, and social mobility. It looks around to compare Singapore's approach to those of other countries facing similar challenges, situating Singapore's experience in the wider international discourse on public policy. Finally, it looks ahead to how the Singapore System may evolve in the years to come.

Singapore Inc

Singapore Inc
Author: Linda Low
Publisher: Marshall Cavendish Academic
Total Pages: 423
Release: 2003
Genre: Business & Economics
ISBN: 9789812102812

Singapore's quick recovery from the recent economic crisis is attributed to its strong public policies. Included in this selection of essays are various policy options to improve its competitive edge in the 21st century.