Government policies and the growth of the manufacturing sector in Singapore

Anwar, Sajid, Catley, Bob, and Zheng, Mingli (2004) Government policies and the growth of the manufacturing sector in Singapore. Journal of Business and Management, 9 (4). pp. 373-388.

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A number of studies have attempted to identify the factors that have contributed to rapid economic growth in four Asian economies-Hong Kong, Singapore, South Korea and Taiwan. It is well known that a single model of economic growth cannot explain the growth experiences of these countries. In addition, important differences in the role of government have been identified by a number of studies. For example, the government of Hong Kong adopted a policy of minimal intervention whereas the government of Singapore pursued a policy of maximum intervention. Accordingly, Singapore's economic system has been labeled as state directed capitalism where growth is the result of accumulation of inputs like capital and labor. Empirical studies have shown that the contribution of technological progress in Singapore from 1970-1990 is approximately zero at best. This has resulted in an increase in spending on education during the 1990s. This paper examines the impact of government policies on the growth of the manufacturing sector in Singapore and attempts to estimate the impact of foreign investment and government spending on education from 1980-2000.

Item ID: 6534
Item Type: Article (Research - C1)
ISSN: 1535-668X
Keywords: government policies; Singapore
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This journal was published by California State University (1993-1999), Colorado State University (2000-2004) and Chapman University (2005-present).

Date Deposited: 29 Mar 2010 02:17
FoR Codes: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1503 Business and Management > 150399 Business and Management not elsewhere classified @ 100%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9103 International Trade > 910399 International Trade not elsewhere classified @ 100%
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