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

Additional URL

https://worldcat.org/isbn/9780367218706

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