IDEAS home Printed from https://ideas.repec.org/a/brc/brccej/v2y2017i2p105-111.html
   My bibliography  Save this article

Sustainable Growth: The Case Of Singapore

Author

Listed:
  • Sorin-George TOMA

    (University of Bucharest, Romania)

  • Catalin GRADINARU

    (University of Bucharest, Romania)

Abstract

Singapore’s economic success over the past 50 years constitutes a valuable example for other countries worldwide. In the beginning the Republic of Singapore had a weak economy and no hinterland. Its sustainable growth has been achieved through the strong leadership of Lee Kuan Yew, the faith maintained between the government and its people, the hard working and commitment of a multiracial society. The aims of our paper are to briefly present and analyze the evolution of Singapore’s economic growth. The methodological approach is based on a case study.

Suggested Citation

  • Sorin-George TOMA & Catalin GRADINARU, 2017. "Sustainable Growth: The Case Of Singapore," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 2(2), pages 105-111.
    • Handle: RePEc:brc:brccej:v:2:y:2017:i:2:p:105-111
    as

    Download full text from publisher

    File URL: http://www.revec.ro/papers/170208.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Joe C. Davis & Jorge G. Gonzalez, 2003. "Scholarly Journal Articles about the Asian Tiger Economies: authors, journals and research fields, 1986–2001," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 17(2), pages 51-61, November.
    2. Huff,W. G., 1997. "The Economic Growth of Singapore," Cambridge Books, Cambridge University Press, number 9780521629447, January.
    3. Paldam, Martin, 2003. "Economic freedom and the success of the Asian tigers: an essay on controversy," European Journal of Political Economy, Elsevier, vol. 19(3), pages 453-477, September.
    4. Adam Przeworski & Fernando Limongi, 1993. "Political Regimes and Economic Growth," Journal of Economic Perspectives, American Economic Association, vol. 7(3), pages 51-69, Summer.
    5. Sanjaya Lall, 1996. "Learning from the Asian Tigers," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-38989-2.
    6. Alwyn Young, 1992. "A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 13-64, National Bureau of Economic Research, Inc.
    7. Edward K. Y. Chen, 1979. "Hyper-growth in Asian Economies," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04251-7.
    8. Rashmi Umesh Arora & Shyama Ratnasiri, 2015. "Recent growth experiences of Asian tigers: where does India stand?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 42(2), pages 143-162, February.
    9. Huff, W G, 1995. "What Is the Singapore Model of Economic Development?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(6), pages 735-759, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Catalin GRADINARU & Sorin-George TOMA & Stefan CATANA, 2021. "Sustainability And Competitiveness At The Global Level: An Analysis Of The Top 10 Countries In The Period 2018-2020," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 6(3), pages 121-128.
    2. Sorin-George Toma, 2019. "Learning From A Smart Asian State: Singapore," Manager Journal, Faculty of Business and Administration, University of Bucharest, vol. 30(1), pages 172-180, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David Jones, 1997. "Asian Values and the Constitutional Order of Contemporary Singapore," Constitutional Political Economy, Springer, vol. 8(4), pages 283-300, December.
    2. Paiva-Silva, João, 2022. "Understanding the Singaporean approach to state ownership: ‘commercially viable strategic alignment’ in historical perspective," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 43-58.
    3. Carl Henrik Knutsen, 2012. "Democracy and economic growth: A survey of arguments and results," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 15(4), pages 393-415, December.
    4. H. M. Leung, 1997. "Total factor productivity growth in Singapore's manufacturing industries," Applied Economics Letters, Taylor & Francis Journals, vol. 4(8), pages 525-528.
    5. Blomström, Magnus & Kokko, Ari & Sjöholm, Fredrik, 2002. "Growth & Innovation Policies For a Knowledge Economy. Experiences From Finland, Sweden & Singapore," EIJS Working Paper Series 156, Stockholm School of Economics, The European Institute of Japanese Studies.
    6. Eichengreen, Barry & Kohl, Richard, 1998. "The External Sector, the State and Development in Eastern Europe," CEPR Discussion Papers 1904, C.E.P.R. Discussion Papers.
    7. Zhenhui Xu & Haizheng Li, 2008. "Political freedom, economic freedom, and income convergence: Do stages of economic development matter?," Public Choice, Springer, vol. 135(3), pages 183-205, June.
    8. Ermisch, J. F. & Huff, W. G., 1999. "Hypergrowth in an East Asian NIC: Public policy and capital accumulation in Singapore," World Development, Elsevier, vol. 27(1), pages 21-38, January.
    9. Adam, Antonis & Delis, Manthos D. & Kammas, Pantelis, 2011. "Are democratic governments more efficient?," European Journal of Political Economy, Elsevier, vol. 27(1), pages 75-86, March.
    10. Jakob De Haan & Susanna Lundström & Jan‐Egbert Sturm, 2006. "Market‐oriented institutions and policies and economic growth: A critical survey," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 157-191, April.
    11. Huff, W. G., 1995. "The developmental state, government, and Singapore's economic development since 1960," World Development, Elsevier, vol. 23(8), pages 1421-1438, August.
    12. David Kwasi Mensah, 2021. "Leadership and Economic Development of Ghana," Journal of Social Science Studies, Macrothink Institute, vol. 8(1), pages 24-46, June.
    13. Peter WILSON, 2000. "The Dilemma Of A More Advanced Developing Country: Conflicting Views On The Development Strategy Of Singapore," The Developing Economies, Institute of Developing Economies, vol. 38(1), pages 105-134, March.
    14. Peter Wilson & Gavin Peebles, 2005. "Don’t Frighten the Horses – the Political Economy of Singapore’s Foreign Exchange Rate Regime since 1981," Development Economics Working Papers 22583, East Asian Bureau of Economic Research.
    15. Takatoshi Ito & Peter Isard & Steven Symansky, 1999. "Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia," NBER Chapters, in: Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues, pages 109-132, National Bureau of Economic Research, Inc.
    16. René Belderbos & Jianglei Zou, 2006. "Foreign Investment, Divestment and Relocation by Japanese Electronics Firms in East Asia," Asian Economic Journal, East Asian Economic Association, vol. 20(1), pages 1-27, March.
    17. Nahapetyan Yervand, 2019. "The benefits of the Velvet Revolution in Armenia: Estimation of the short-term economic gains using deep neural networks," Central European Economic Journal, Sciendo, vol. 53(6), pages 286-303, January.
    18. Sobel, Andrew C., 2002. "State institutions, risk, and lending in global capital markets," International Business Review, Elsevier, vol. 11(6), pages 725-752, December.
    19. Lewkowicz, Jacek & Woźniak, Michał & Wrzesiński, Michał, 2022. "COVID-19 and erosion of democracy," Economic Modelling, Elsevier, vol. 106(C).
    20. Jian-Guang Shen, 2002. "Democracy and growth: An alternative empirical approach," Development and Comp Systems 0212002, University Library of Munich, Germany.

    More about this item

    Keywords

    economic growth; Singapore; Lee Kuan Yew; government;
    All these keywords.

    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brc:brccej:v:2:y:2017:i:2:p:105-111. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristina GANESCU (email available below). General contact details of provider: http://www.univcb.ro/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.