Publisher's Synopsis
This important new book is the first general overview of the macroeconomic nature and recent history of the Singapore economy.
After discussing general features of modern Singapore's economy, government and development strategy, the authors analyse its macroeconomic history over the past three decades, as well as reviewing current macroeconomic theory regarding small, open economies. Singapore's monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy are all described and analysed in the subsequent chapters which also look at its growth and cyclical experiences and provide a review of the ways economists have attempted to model the economy.
The Singapore Economy integrates much previous research scattered in many sources as well as containing an extensive bibliography of references about the economy and the statistical sources used. It will be suitable for students of macroeconomics and economic development in Asia, and the general reader interested in the nature, structure and recent growth of the Singapore economy.
