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Some Small Countries Do It Better : Rapid Growth and Its Causes in Singapore, Finland, and Ireland

Author

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  • Shahid Yusuf
  • Kaoru Nabeshima

Abstract

This book is an outcome of a series of study visits to Singapore for African policy makers initiated by Jee-Peng Tan in 2005 with support from Tommy Koh in Singapore and Birger Fredriksen, Yaw Ansu, and Dzingai Mutumbuka at the World Bank. Starting in the 1960s-earlier if Japan is included-a number of East Asian economies began achieving growth rates well above the average and were able to maintain that pace until nearly the end of the 1990s. Countries, large and small, have struggled to imitate the industrial prowess of the East Asian pacesetters and to exploit the opportunities presented by globalization to expand exports. But approximating the East Asian benchmarks has proven difficult, and growth accelerations have tended to be remarkably transient.

Suggested Citation

  • Shahid Yusuf & Kaoru Nabeshima, 2012. "Some Small Countries Do It Better : Rapid Growth and Its Causes in Singapore, Finland, and Ireland," World Bank Publications - Books, The World Bank Group, number 2243, April.
    • Handle: RePEc:wbk:wbpubs:2243
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    References listed on IDEAS

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    Cited by:

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    2. Woodgate, Ryan, 2021. "Multinational corporations and commercialised states: Can state aid serve as the basis for an FDI-driven growth strategy?," IPE Working Papers 161/2021, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    3. Laaser, Claus-Friedrich & Reiljan, Janno & Schrader, Klaus, 2015. "Some empirical findings on the structural development of the Estonian economy," Kiel Working Papers 1998, Kiel Institute for the World Economy (IfW Kiel).
    4. Chellaraj,Gnanaraj & Mattoo,Aaditya & Chellaraj,Gnanaraj & Mattoo,Aaditya, 2015. "Can the knowledge capital model explain foreign investment in services ? the case of Singapore," Policy Research Working Paper Series 7186, The World Bank.
    5. KANG, Byeongwoo & RANNIKKO, Heikki & TORNIKOSKI, Erno T., 2017. "How a laid-off employee becomes an entrepreneur: The case of Nokia’s Bridge program," IIR Working Paper 17-15, Institute of Innovation Research, Hitotsubashi University.
    6. Watanabe, Chihiro & Naveed, Kashif & Neittaanmäki, Pekka, 2015. "Dependency on un-captured GDP as a source of resilience beyond economic value in countries with advanced ICT infrastructure: Similarities and disparities between Finland and Singapore," Technology in Society, Elsevier, vol. 42(C), pages 104-122.
    7. Shahid Yusuf, 2015. "Knowledge-based Economic Growth in Kazakhstan," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 7(3), pages 257-286, September.
    8. Brandtjen, Roland, 2024. "The tertiary education sector as a means of development using the example of European micro-nations," IU Discussion Papers - Business & Management 14 (October 2024), IU International University of Applied Sciences.
    9. Hosono, Akio, 2013. "Industrial Strategy And Economic Transformation:," Working Papers 1002, JICA Research Institute.
    10. Smita Kuriakose, 2013. "Fostering Entrepreneurship in Armenia," World Bank Publications - Books, The World Bank Group, number 15783, April.
    11. World Bank, 2011. "Fostering Technology Absorption in Southern African Enterprises," World Bank Publications - Books, The World Bank Group, number 2356, April.

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