Economic dynamism, openness, and inclusion: how Singapore can make the transition from an era of catch-up growth to life in a mature economy
"As Singapore progresses from a newly-independent nation to a more mature economy, the economic challenges it faces have evolved. In the 50 years following Singapore's independence, the country tackled economic challenges relating to a fledgling nation, that included launching onto a path...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Singapore ; London; Beijing; Hong Kong; [u.a.]
World Scientific Publishing Co. Pte. Ltd.
[2019]
|
| Schriftenreihe: | Advanced research on Asian economy and economics of other continents
Vol. 10 |
| Schlagworte: | |
| Zusammenfassung: | "As Singapore progresses from a newly-independent nation to a more mature economy, the economic challenges it faces have evolved. In the 50 years following Singapore's independence, the country tackled economic challenges relating to a fledgling nation, that included launching onto a path of economic take-off, and managing workers' wage aspirations without rising unemployment. It met those challenges, successfully transiting from relative poverty in the 1960s to relative prosperity today. As the country enters the next phase of its economic development, having now surpassed the US standard of living as measured by real GDP per capita, it faces another set of challenges: How to transit from catch-up growth arising from technological diffusion from frontier economies, to generating indigenous innovation? How to face the problem of a shrinking local workforce? How to manage a shift in job preferences with rising wealth and educational attainments? This volume provides a theory of Singapore's economic development. With a coherent theory capable of explaining how Singapore got to where it is, the book analyses how the future might look like for the Singapore economy. With its forward-looking analysis, this book is valuable to students as it weaves macroeconomic data together with growth theory and highlights the interaction of economic forces with social influences and political institutions. It also serves as a good reference for other emerging economies that, like Singapore, want to avoid the middle-income trap, and for researchers interested in analysing the economic possibilities for current and future Singaporeans"-- |
| Beschreibung: | xi, 163 pages illustrations 24 cm |
| ISBN: | 9789813236226 9813236221 |
Internformat
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| 505 | 8 | |a Machine generated contents note: What This Book is About -- pt. I The Aggregate Economy and Its Heterogeneity -- 1.Four Things that Matter -- Living Standards -- Jobs -- Inflation -- Wage Inequality -- 2.What We Can Learn From the Data -- Empirical Observations -- Past Challenges and Policy Responses -- Going Forward -- 3.Standard of Living -- Catch-up to Technology Frontier -- Shifting Comparative Advantage -- Human Capital -- Small and Large Firms -- 4.Jobs and Business Fluctuations -- Natural Rate of Unemployment -- Shocks and Propagation Mechanisms -- Fighting Recessions -- 5.Wage Growth and Wage Inequality -- Comparative Advantage -- Technology -- Residual Wage Inequality -- pt. II Finding Political Consensus to Embrace Economic Openness -- 6.Economic Openness -- Flow of Ideas -- Flow of Goods and Services -- Flow of Capital -- Flow of People -- 7.Coping with Opportunism -- Capital and Labour -- Entrepreneurs and Financiers -- Firm-specific and General Training | |
| 505 | 8 | |a Note continued: 8.Role of Government -- Redistribution -- Stabilisation -- Allocation -- 9.Social Cohesion and Political Equilibrium -- Allocation of Talent -- Tripartism -- Inter-temporal Preferences -- pt. III Achieving Economic Justice -- 10.Pitfalls, Fundamentals, and Choices -- New Challenges -- Making the Transition to Indigenous Innovation -- Coping with a Shrinking Workforce -- Shifting Job Preferences -- Facing Technological Disruptions -- Some Lessons -- 11.The Good Economy and the Good Life -- Social Collaboration and Social Surplus -- Hope -- Discovery -- Human Relationships -- Economic Justice | |
| 520 | 3 | |a "As Singapore progresses from a newly-independent nation to a more mature economy, the economic challenges it faces have evolved. In the 50 years following Singapore's independence, the country tackled economic challenges relating to a fledgling nation, that included launching onto a path of economic take-off, and managing workers' wage aspirations without rising unemployment. It met those challenges, successfully transiting from relative poverty in the 1960s to relative prosperity today. As the country enters the next phase of its economic development, having now surpassed the US standard of living as measured by real GDP per capita, it faces another set of challenges: How to transit from catch-up growth arising from technological diffusion from frontier economies, to generating indigenous innovation? How to face the problem of a shrinking local workforce? How to manage a shift in job preferences with rising wealth and educational attainments? This volume provides a theory of Singapore's economic development. With a coherent theory capable of explaining how Singapore got to where it is, the book analyses how the future might look like for the Singapore economy. With its forward-looking analysis, this book is valuable to students as it weaves macroeconomic data together with growth theory and highlights the interaction of economic forces with social influences and political institutions. It also serves as a good reference for other emerging economies that, like Singapore, want to avoid the middle-income trap, and for researchers interested in analysing the economic possibilities for current and future Singaporeans"-- | |
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Datensatz im Suchindex
| _version_ | 1806962812105261056 |
|---|---|
| adam_text | |
| any_adam_object | |
| author | Hoon, Hian Teck 1959- |
| author_GND | (DE-588)170250539 |
| author_facet | Hoon, Hian Teck 1959- |
| author_role | aut |
| author_sort | Hoon, Hian Teck 1959- |
| author_variant | h t h ht hth |
| building | Verbundindex |
| bvnumber | BV046135421 |
| classification_rvk | QG 850 |
| contents | Machine generated contents note: What This Book is About -- pt. I The Aggregate Economy and Its Heterogeneity -- 1.Four Things that Matter -- Living Standards -- Jobs -- Inflation -- Wage Inequality -- 2.What We Can Learn From the Data -- Empirical Observations -- Past Challenges and Policy Responses -- Going Forward -- 3.Standard of Living -- Catch-up to Technology Frontier -- Shifting Comparative Advantage -- Human Capital -- Small and Large Firms -- 4.Jobs and Business Fluctuations -- Natural Rate of Unemployment -- Shocks and Propagation Mechanisms -- Fighting Recessions -- 5.Wage Growth and Wage Inequality -- Comparative Advantage -- Technology -- Residual Wage Inequality -- pt. II Finding Political Consensus to Embrace Economic Openness -- 6.Economic Openness -- Flow of Ideas -- Flow of Goods and Services -- Flow of Capital -- Flow of People -- 7.Coping with Opportunism -- Capital and Labour -- Entrepreneurs and Financiers -- Firm-specific and General Training Note continued: 8.Role of Government -- Redistribution -- Stabilisation -- Allocation -- 9.Social Cohesion and Political Equilibrium -- Allocation of Talent -- Tripartism -- Inter-temporal Preferences -- pt. III Achieving Economic Justice -- 10.Pitfalls, Fundamentals, and Choices -- New Challenges -- Making the Transition to Indigenous Innovation -- Coping with a Shrinking Workforce -- Shifting Job Preferences -- Facing Technological Disruptions -- Some Lessons -- 11.The Good Economy and the Good Life -- Social Collaboration and Social Surplus -- Hope -- Discovery -- Human Relationships -- Economic Justice |
| ctrlnum | (OCoLC)1119091968 (DE-599)BVBBV046135421 |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| geographic | Singapur (DE-588)4055089-8 gnd |
| geographic_facet | Singapur |
| id | DE-604.BV046135421 |
| illustrated | Illustrated |
| indexdate | 2024-08-10T01:40:24Z |
| institution | BVB |
| isbn | 9789813236226 9813236221 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-031515754 |
| oclc_num | 1119091968 |
| open_access_boolean | |
| owner | DE-11 |
| owner_facet | DE-11 |
| physical | xi, 163 pages illustrations 24 cm |
| publishDate | 2019 |
| publishDateSearch | 2019 |
| publishDateSort | 2019 |
| publisher | World Scientific Publishing Co. Pte. Ltd. |
| record_format | marc |
| series2 | Advanced research on Asian economy and economics of other continents |
| spelling | Hoon, Hian Teck 1959- Verfasser (DE-588)170250539 aut Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy Hian Teck Hoon Singapore ; London; Beijing; Hong Kong; [u.a.] World Scientific Publishing Co. Pte. Ltd. [2019] xi, 163 pages illustrations 24 cm txt rdacontent n rdamedia nc rdacarrier Advanced research on Asian economy and economics of other continents Vol. 10 Machine generated contents note: What This Book is About -- pt. I The Aggregate Economy and Its Heterogeneity -- 1.Four Things that Matter -- Living Standards -- Jobs -- Inflation -- Wage Inequality -- 2.What We Can Learn From the Data -- Empirical Observations -- Past Challenges and Policy Responses -- Going Forward -- 3.Standard of Living -- Catch-up to Technology Frontier -- Shifting Comparative Advantage -- Human Capital -- Small and Large Firms -- 4.Jobs and Business Fluctuations -- Natural Rate of Unemployment -- Shocks and Propagation Mechanisms -- Fighting Recessions -- 5.Wage Growth and Wage Inequality -- Comparative Advantage -- Technology -- Residual Wage Inequality -- pt. II Finding Political Consensus to Embrace Economic Openness -- 6.Economic Openness -- Flow of Ideas -- Flow of Goods and Services -- Flow of Capital -- Flow of People -- 7.Coping with Opportunism -- Capital and Labour -- Entrepreneurs and Financiers -- Firm-specific and General Training Note continued: 8.Role of Government -- Redistribution -- Stabilisation -- Allocation -- 9.Social Cohesion and Political Equilibrium -- Allocation of Talent -- Tripartism -- Inter-temporal Preferences -- pt. III Achieving Economic Justice -- 10.Pitfalls, Fundamentals, and Choices -- New Challenges -- Making the Transition to Indigenous Innovation -- Coping with a Shrinking Workforce -- Shifting Job Preferences -- Facing Technological Disruptions -- Some Lessons -- 11.The Good Economy and the Good Life -- Social Collaboration and Social Surplus -- Hope -- Discovery -- Human Relationships -- Economic Justice "As Singapore progresses from a newly-independent nation to a more mature economy, the economic challenges it faces have evolved. In the 50 years following Singapore's independence, the country tackled economic challenges relating to a fledgling nation, that included launching onto a path of economic take-off, and managing workers' wage aspirations without rising unemployment. It met those challenges, successfully transiting from relative poverty in the 1960s to relative prosperity today. As the country enters the next phase of its economic development, having now surpassed the US standard of living as measured by real GDP per capita, it faces another set of challenges: How to transit from catch-up growth arising from technological diffusion from frontier economies, to generating indigenous innovation? How to face the problem of a shrinking local workforce? How to manage a shift in job preferences with rising wealth and educational attainments? This volume provides a theory of Singapore's economic development. With a coherent theory capable of explaining how Singapore got to where it is, the book analyses how the future might look like for the Singapore economy. With its forward-looking analysis, this book is valuable to students as it weaves macroeconomic data together with growth theory and highlights the interaction of economic forces with social influences and political institutions. It also serves as a good reference for other emerging economies that, like Singapore, want to avoid the middle-income trap, and for researchers interested in analysing the economic possibilities for current and future Singaporeans"-- Wachstumstheorie (DE-588)4128160-3 gnd rswk-swf Entwicklungspolitik (DE-588)4014957-2 gnd rswk-swf Singapur (DE-588)4055089-8 gnd rswk-swf Economic development / Singapore Singapore / Economic policy Singapore / Economic conditions Economic development Economic history Economic policy Singapore Singapur (DE-588)4055089-8 g Entwicklungspolitik (DE-588)4014957-2 s Wachstumstheorie (DE-588)4128160-3 s DE-604 |
| spellingShingle | Hoon, Hian Teck 1959- Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy Machine generated contents note: What This Book is About -- pt. I The Aggregate Economy and Its Heterogeneity -- 1.Four Things that Matter -- Living Standards -- Jobs -- Inflation -- Wage Inequality -- 2.What We Can Learn From the Data -- Empirical Observations -- Past Challenges and Policy Responses -- Going Forward -- 3.Standard of Living -- Catch-up to Technology Frontier -- Shifting Comparative Advantage -- Human Capital -- Small and Large Firms -- 4.Jobs and Business Fluctuations -- Natural Rate of Unemployment -- Shocks and Propagation Mechanisms -- Fighting Recessions -- 5.Wage Growth and Wage Inequality -- Comparative Advantage -- Technology -- Residual Wage Inequality -- pt. II Finding Political Consensus to Embrace Economic Openness -- 6.Economic Openness -- Flow of Ideas -- Flow of Goods and Services -- Flow of Capital -- Flow of People -- 7.Coping with Opportunism -- Capital and Labour -- Entrepreneurs and Financiers -- Firm-specific and General Training Note continued: 8.Role of Government -- Redistribution -- Stabilisation -- Allocation -- 9.Social Cohesion and Political Equilibrium -- Allocation of Talent -- Tripartism -- Inter-temporal Preferences -- pt. III Achieving Economic Justice -- 10.Pitfalls, Fundamentals, and Choices -- New Challenges -- Making the Transition to Indigenous Innovation -- Coping with a Shrinking Workforce -- Shifting Job Preferences -- Facing Technological Disruptions -- Some Lessons -- 11.The Good Economy and the Good Life -- Social Collaboration and Social Surplus -- Hope -- Discovery -- Human Relationships -- Economic Justice Wachstumstheorie (DE-588)4128160-3 gnd Entwicklungspolitik (DE-588)4014957-2 gnd |
| subject_GND | (DE-588)4128160-3 (DE-588)4014957-2 (DE-588)4055089-8 |
| title | Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy |
| title_auth | Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy |
| title_exact_search | Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy |
| title_full | Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy Hian Teck Hoon |
| title_fullStr | Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy Hian Teck Hoon |
| title_full_unstemmed | Economic dynamism, openness, and inclusion how Singapore can make the transition from an era of catch-up growth to life in a mature economy Hian Teck Hoon |
| title_short | Economic dynamism, openness, and inclusion |
| title_sort | economic dynamism openness and inclusion how singapore can make the transition from an era of catch up growth to life in a mature economy |
| title_sub | how Singapore can make the transition from an era of catch-up growth to life in a mature economy |
| topic | Wachstumstheorie (DE-588)4128160-3 gnd Entwicklungspolitik (DE-588)4014957-2 gnd |
| topic_facet | Wachstumstheorie Entwicklungspolitik Singapur |
| work_keys_str_mv | AT hoonhianteck economicdynamismopennessandinclusionhowsingaporecanmakethetransitionfromaneraofcatchupgrowthtolifeinamatureeconomy |