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What Is the Singapore Model of Economic Development?

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  • Huff, W G

Abstract

This article elaborates the concept of a Singapore model of economic development which depended externally on services as much as manufactured exports. Extensive government intervention and planning, though not a rigid central plan, were essential to the successful expansion of both. Singapore's experience illustrates an approach to economic planning which admits possibilities other than just 'the market' or 'the plan', and shows that this is not a polarised debate. Analysis of the Singapore model points to a structuralist approach and leads away from a current neoclassical ascendancy in development economics, founded 'empirically' in part on the Republic's success as one of the four East Asian dragons. (c) 1995 Academic Press Limited Copyright 1995 by Oxford University Press.

Suggested Citation

  • Huff, W G, 1995. "What Is the Singapore Model of Economic Development?," Cambridge Journal of Economics, Oxford University Press, vol. 19(6), pages 735-759, December.
  • Handle: RePEc:oup:cambje:v:19:y:1995:i:6:p:735-59
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    Cited by:

    1. Lohmann, Guilherme & Albers, Sascha & Koch, Benjamin & Pavlovich, Kathryn, 2009. "From hub to tourist destination – An explorative study of Singapore and Dubai's aviation-based transformation," Journal of Air Transport Management, Elsevier, vol. 15(5), pages 205-211.
    2. repec:brc:brccej:v:2:y:2017:i:2:p:105-111 is not listed on IDEAS
    3. Stephanie Seguino & Caren Grown, 2006. "Gender equity and globalization: macroeconomic policy for developing countries," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(8), pages 1081-1104.
    4. 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.
    5. Chowdhury, Anis, 2008. "Growth Oriented Macroeconomic Policies for Small Islands Economies: Lessons from Singapore," WIDER Working Paper Series 047, World Institute for Development Economic Research (UNU-WIDER).
    6. Sanika Sulochani Ramanayake & Chandana Shrinath Wijetunga, 2017. "Rethinking the Development of Post-War Sri Lanka Based on the Singapore Model," Working Papers id:11902, eSocialSciences.
    7. 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.
    8. Hal Hill, 2013. "Is there a Southeast Asian Development Model?," Departmental Working Papers 2013-19, The Australian National University, Arndt-Corden Department of Economics.
    9. Booth, Anne, 1999. "Initial Conditions and Miraculous Growth: Why is South East Asia Different From Taiwan and South Korea?," World Development, Elsevier, vol. 27(2), pages 301-321, February.
    10. Stephanie Seguino & Caren A. Grown, 2006. "Feminist-Kaleckian Macroeconomic Policy for Developing Countries," Economics Working Paper Archive wp_446, Levy Economics Institute.
    11. Matthew McCartney, 2016. "Costs, Capabilities, Conflict and Cash: The Problem of Technology and Sustainable Economic Growth in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 21(Special E), pages 65-98, September.
    12. David Jones, 1997. "Asian Values and the Constitutional Order of Contemporary Singapore," Constitutional Political Economy, Springer, vol. 8(4), pages 283-300, December.

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