Employment, development and basic needs in Singapore

Singapore provides a good example of rapid development that has not taken redistribution and equity as its primary aims but has still gone a long way towards satisfying basic needs. The author argues that Singapore's development experience holds three main lessons. One is that a market system e...

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Veröffentlicht in:	International labour review 1980-07, Vol.119 (4), p.495
1. Verfasser:	PANG, Eng Fong
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic development Economic growth Employment Human Capital Industrial development Industrialization Labor Needs Unemployment
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description	Singapore provides a good example of rapid development that has not taken redistribution and equity as its primary aims but has still gone a long way towards satisfying basic needs. The author argues that Singapore's development experience holds three main lessons. One is that a market system emphasising competition and exports increases the probability of rapid growth. Second, sound fiscal and monetary policies are essential. This means reliance on domestic savings and private capital inflow rather than budget deficits and foreign aid to finance economic development. Finally, successful development requires pragmatic leaders and a practical people willing to adapt to changing circumstances
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source	PAIS Index; HeinOnline Law Journal Library; Business Source Complete; Periodicals Index Online; Applied Social Sciences Index & Abstracts (ASSIA)
subjects	Economic development Economic growth Employment Human Capital Industrial development Industrialization Labor Needs Unemployment
title	Employment, development and basic needs in Singapore
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