The Singapore economy: Designing its dynamism and inclusion
Publication Type
Edited Book
Publication Date
9-2021
Abstract
Even after achieving the status of a developed economy, many economies face other challenges which may include economic stagnation and income inequality. The book looks at how a mature economy can continue to weather challenges and how the growth of living standards will depend on productivity growth through Singapore’s experience. After Singapore's rapid economic transformation, the nation is at its crossroads. The book explains how productivity growth in turn depends on technological diffusion from abroad as well as indigenous innovation. It also examines how the design of policy to develop indigenous innovation to promote economic dynamism may come with creative destruction and disruptive effects on jobs and wages. The book provides insight into how we can maintain social cohesion and establish a political equilibrium that embraces the new sources of growth through policy formulation for economic inclusion.
Keywords
Growth and development, economic transformation, productivity growth, Singapore, economic inclusion
Discipline
Asian Studies | Growth and Development | Technology and Innovation
Research Areas
Applied Microeconomics
First Page
1
Last Page
296
ISBN
9780367218706
Publisher
Routledge
City or Country
London
Citation
HOON, Hian Teck.
The Singapore economy: Designing its dynamism and inclusion. (2021). 1-296.
Available at: https://ink.library.smu.edu.sg/soe_research/2608
Additional URL
https://worldcat.org/isbn/9780367218706