The World Bank, 1993 conferred on Singapore the status of 'tiger
economy' because of its two miraculous characteristics: high growth
and reduced income inequality. Expansion of educational provision
is one of the major policies the Government of Singapore followed
since 1975 particularly to enrich the human capital endowment of
the country which has been crucial to the success of Singapore.
This book made a coherent study of these extremely important issues
to examine the trend and pattern of income inequality in Singapore
The book delves further into the trend and pattern of income
inequality in Singapore and their implications for the future. It
attempts to analyse the links between social welfare and inequality
in the light of rapid economic growth phase and adduced important
policy implications. The concepts and methodologies used in this
book as well as the novelty of analyses and policy implications
make this a coherent and in-depth study of extremely important
issues with most up-to-date observations. In the last three decades
no such book on Singapore has been written and this book fills the
gap in existing literature. It is a must-read for anyone who is
interested to learn more about the tiger economy of Singapore.
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