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Economic lessons from the Singapore experience 论新加坡经济的经验教训

Case study 案例分析

Singaporeis a remarkable phenomenon in Asia Pacific. Since 1965, Singapore separated from Malaysia as a nation. It has a multi-racial society with 4.35 million populations living on an island of 700 square kilometers (Peebles and Wilson, 2002). Today, Singapore becomes a global modern city and world business centre of industry, manufacturing, finance, tourism, logistic and supply chain centre and communications. According to the website of EDB Singapore, the per capital gross national income was 30000 dollar in 2007 (Facts and Figures, 2007). Given the famous economic achievement, Singapore has extensively attracted the focuses of global social scientists to examine its development experiences.

In the respects of an overview of Singapore economic development, it could be divided into three stages. First is the skill-intensive economy from 1960-1980. Since shortly after the independence of Singapore, high unemployment rate was the main cause of social turbulence and economic uncertainty. The economic strategy was to attract more and more foreign investment for creating enough job opportunities. In 1961, the Singapore Economic Development Board (EDB) was set up for the purpose of improving the Singaporean industrialization for export-oriented and labour-intensive manufacturing (EDB Singapore, 2007). Meanwhile, government also emphasized the importance of skill training and Education system to support the skill demands by improving the high quality workforce. This skills included repairing, turning and fitting, metal working, radio and TV maintenance and repair. Many training agencies were established such Vocational Technical Education (VTE), Singapore Vocational Institute (SVI) and Technical Education Department (TED) (Seng, 2007).

 Second is the stage of capital-intensive economy from 1980-1990. The government turned the economy into a higher value-oriented, technical and more capital intensive industries. Domestic workforce is poor to supply the development of industry and the business has been embarked toward some resource-abundant neighboring countries such as Malaysia, China and Japan. Many new industries also occurred in Singapore including petrochemicals, biotechnology, information technology and finance, supply chain and distribution. It is said that Singapore experienced a second industrial revolution called by the government. In 1986, Singaporean government launched the Small Enterprise Bureau. Economic revolution is certainly brought direct influence on the workforce market. As well as the training and education agencies changed their goals and strategies including general education and some basic professional course to improve the skill training for the demands of economic development. As a result, a comprehensive Continuing Education and Training (CET) system formed and established three important CET projects including Basic Education for Skills Training (BEST), Work Improvement through Secondary Education (WISE) and Modular Skills Training (MOST) (Singapore Economic, 2002). All of these programs are aimed to improve the national knowledge in workforce market and meet the demands of economic development.

 Third is the stage of knowledge-intensive economy from 2000 to now. The economy of Singapore was inevitably keeping the pace with global economy. Thu本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。