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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, pages 205-211.
    2. Stephanie Seguino & Caren Grown, 2006. "Gender equity and globalization: macroeconomic policy for developing countries," Journal of International Development, John Wiley & Sons, Ltd., pages 1081-1104.
    3. 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).
    4. Kis-Katos, Krisztina & Sjahrir, Bambang Suharnoko, 2017. "The impact of fiscal and political decentralization on local public investment in Indonesia," Journal of Comparative Economics, Elsevier, vol. 45(2), pages 344-365.
    5. Greg Hannsgen, 2007. "A Random Walk Down Maple Lane? A Critique of Neoclassical Consumption Theory with Reference to Housing Wealth," Review of Political Economy, Taylor & Francis Journals, vol. 19(1), pages 1-20.
    6. Hal Hill, 2013. "Is there a Southeast Asian Development Model?," Departmental Working Papers 2013-19, The Australian National University, Arndt-Corden Department of Economics.
    7. David Jones, 1997. "Asian Values and the Constitutional Order of Contemporary Singapore," Constitutional Political Economy, Springer, pages 283-300.
    8. repec:brc:brccej:v:2:y:2017:i:2:p:105-111 is not listed on IDEAS
    9. 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.
    10. Yin-Fang Zhang & David Parker & Colin Kirkpatrick, 2005. "Assessing the Effects of Privatisation, Competition and Regulation on Economic Performance: The Case of Electricity Sector Reform," SCAPE Policy Research Working Paper Series 0511, National University of Singapore, Department of Economics, SCAPE.
    11. Booth, Anne, 1999. "Initial Conditions and Miraculous Growth: Why is South East Asia Different From Taiwan and South Korea?," World Development, Elsevier, pages 301-321.
    12. 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, pages 65-98.

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