The Economic Growth of Singapore: Trade and Development in the Twentieth Century
This book provides a comprehensive overview of the economic development of Singapore, easily the leading commercial and financial centre in Southeast Asia throughout the twentieth century. This development has been based on a strategic location at the crossroads of Asia, a free trade economy, and a dynamic entrepreneurial tradition. Initial twentieth-century economic success was linked to a group of legendary Chinese entrepreneurs, but by mid-century independent Singapore looked to multinational enterprise to deliver economic growth. Nonetheless exports of manufactures accounted for only part of Singaporean expansion, and by the 1980s Singapore was a major international financial centre and leading world exporter of commercial services. Throughout this study Dr Huff assesses the interaction of government policy and market forces, and places the transformation of the Singaporean economy in the context of both development theory and experience elsewhere in East Asia.
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This is an excellent review of Singapore from an economic development perspective, full of relevant statistics and in-depth analysis. If Huff would consider a new edition to the present time, which has revealed new stresses on Singapore as well as indications of limitations of its long-held economic (and political) convictions, that would be to everyone's benefit. I am thankful to Huff for his efforts.
List of figures
List of tables
Preface and acknowledgements
Abbreviations and conventions
Patterns in the economic development of Singapore 18701990
Singapore in the late nineteenth century
Rubber boom and spread of a twentieth century staple
Rubber industrialization and the development of Chinese banking
Petroleum and tin the twentiethcentury boom commodity and a staple in decline
The distribution of manufactured imports
The staple port resurgent development to 1959
Markets government and growth 19601990