IDEAS home Printed from https://ideas.repec.org/a/wsi/serxxx/v52y2007i01ns0217590807002567.html
   My bibliography  Save this article

Foreign Labor And Economic Growth Policy Options For Singapore

Author

Listed:
  • WENG-TAT HUI

    () (Lee Kuan Yew School of Public Policy, National University of Singapore, 469C Bukit Timah Road, Singapore 259772, Singapore)

  • AAMIR RAFIQUE HASHMI

    () (Department of Economics, National University of Singapore, 10 Kent Ridge Crescent, Singapore 119260, Singapore;
    Department of Economics, University of Toronto, 150 St George St, Toronto, ON M5S 3G7, Canada)

Abstract

Prior to the Asian economic crisis in 1997, Singapore's official projected medium-term GDP growth target was set at 7% per annum. Since then, the targeted growth rate has been reduced to 5%. This paper examines the implications of the 5% growth target on the labor requirements of the Singapore economy. It is shown that the projected resident labor force will not be able to keep pace with the increased labor demand and the share of foreigners in the labor force will increase significantly even under the most favorable scenario. Some implications of the increased dependence on foreign labor in Singapore are discussed. With permanent immigration fixed at the current level, various policy options and their effects on the demand for foreign labor are considered. These include improving labor productivity, raising the total fertility rate, increasing labor force participation of older workers and lowering the targeted rate of economic growth.

Suggested Citation

  • Weng-Tat Hui & Aamir Rafique Hashmi, 2007. "Foreign Labor And Economic Growth Policy Options For Singapore," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 52(01), pages 53-72.
  • Handle: RePEc:wsi:serxxx:v:52:y:2007:i:01:n:s0217590807002567
    DOI: 10.1142/S0217590807002567
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S0217590807002567
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jean-Marie Grether & Jaime de Melo & Tobias Müller, 2015. "The Political Economy of International Migration in a Ricardo–Viner Model," World Scientific Book Chapters,in: Developing Countries in the World Economy, chapter 17, pages 411-437 World Scientific Publishing Co. Pte. Ltd..
    2. Card, David, 2001. "Immigrant Inflows, Native Outflows, and the Local Labor Market Impacts of Higher Immigration," Journal of Labor Economics, University of Chicago Press, vol. 19(1), pages 22-64, January.
    3. Johansen, Soren, 1995. "Likelihood-Based Inference in Cointegrated Vector Autoregressive Models," OUP Catalogue, Oxford University Press, number 9780198774501.
    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. Ducanes, Geoffrey. & Abella, Manolo I., 2008. "Labour shortage responses in Japan, Korea, Singapore, Hong Kong, and Malaysia : a review and evaluation," ILO Working Papers 994112283402676, International Labour Organization.
    2. Ahmad Ahsan & Manolo Abella & Andrew Beath & Yukon Huang & Manjula Luthria & Trang Van Nguyen, 2014. "International Migration and Development in East Asia and the Pacific," World Bank Publications, The World Bank, number 20437, September.

    More about this item

    Keywords

    Singapore labor market; foreign labor; growth;

    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:wsi:serxxx:v:52:y:2007:i:01:n:s0217590807002567. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim). General contact details of provider: http://www.worldscinet.com/ser/ser.shtml .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.