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.
General
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