Abstract
As one of the world’s most successful developing economies, Singapore’s economic development has been extensively chronicled (e.g. You and C. Y. Lim (ed.), 1971, 1984; Chen, ed., 1983; Pang and L. Lim, 1985; Krause, Koh and Lee (Tsao), 1987; C. Y. Lim et al., 1988; Sandhu and Wheatley, eds, 1989). Table 7.1 presents some aggregate statistics that document this success. They show a nation that, over a period of roughly twenty years, transformed itself from a state of economic underdevelopment into, by 1991, a ‘high-income’ country by the World Bank’s classification, and is widely regarded today as fully-industrialized.
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© 1995 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Lim, L. (1995). Foreign Investment, the State and Industrial Policy in Singapore. In: Stein, H. (eds) Asian Industrialization and Africa. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-13178-5_7
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DOI: https://doi.org/10.1007/978-1-349-13178-5_7
Publisher Name: Palgrave Macmillan, London
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