Refreshing The Singapore System: Recalibrating Socio-economic Policy For The 21st Century

Refreshing The Singapore System: Recalibrating Socio-economic Policy For The 21st Century

Author: Terence Wai Luen Ho

Publisher: World Scientific

Published: 2021-08-13

Total Pages: 443

ISBN-13: 9811236550

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Singapore's rapid ascent from Third World to First since its independence in 1965 has won it acclaim as an 'economic miracle'. Economic success has been accompanied by impressive achievements in social development, as reflected in international rankings of human capital and human development.The city state's achievements are founded on a socio-economic system characterised by low tax rates, flexible labour markets, and individual 'self-reliance', with state support centred on social investment in education and public housing.Entering the 21st century, however, slowing economic growth, an ageing population, global competition, and widening income dispersion have put the Singapore System under strain. This has prompted a significant refresh of social and economic policies over the past 15-20 years.This book aims to bring the reader up to date on Singapore's socio-economic development in the first two decades of the 21st century. It looks back to the shifts in policy thinking that have accompanied structural changes to Singapore's society and economy, taking stock of the policy innovations aimed at sustaining income growth, economic security, and social mobility. It looks around to compare Singapore's approach to those of other countries facing similar challenges, situating Singapore's experience in the wider international discourse on public policy. Finally, it looks ahead to how the Singapore System may evolve in the years to come.


Singapore in the Global System

Singapore in the Global System

Author: Peter Preston

Publisher: Routledge

Published: 2007-12-21

Total Pages: 531

ISBN-13: 1134321759

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This book tracks the phases of Singapore’s economic and political development, arguing that its success was always dependent upon the territories links with the surrounding region and the wider global system, and suggests that managing these links today will be the key to the country’s future. Singapore has followed a distinctive historical development trajectory. It was one of a number of cities which provided bases for the expansion of the British empire in the East. But the Pacific War provided local elites with their chance to secure independence. In Singapore the elite disciplined and mobilized their population and built successfully on their colonial inheritance. Today, the city-state prospers in the context of its regional and global networks, and sustaining and nurturing these are the keys to its future. But there are clouds on the elite’s horizons; domestically, the population is restive with inequality, migration and surplus-repression causing concern; and internationally, the strategy of constructing a business-hub economy is being widely copied and both Hong Kong and Shanghai are significant competitors. This book discusses these issues and argues that although success is likely to characterize Singapore’s future, the elite will have to address these significant domestic and international problems.


Singapore in Global History

Singapore in Global History

Author: Derek Thiam Soon Heng

Publisher: Amsterdam University Press

Published: 2011

Total Pages: 322

ISBN-13: 9048514371

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This important overview explores the connections between Singapore's past with historical developments worldwide until present day. The contributors analyse Singapore as a city-state seeking to provide an interdisciplinary perspective to the study of the global dimensions contributing to Singapore's growth. The book's global perspective demonstrates that many of the discussions of Singapore as a city-state have relevance and implications beyond Singapore to include Southeast Asia and the world. This vital volume should not be missed by economists, as well as those interested in imperial histor.


Singapore And Switzerland: Secrets To Small State Success

Singapore And Switzerland: Secrets To Small State Success

Author: Yvonne Guo

Publisher: World Scientific

Published: 2016-07-22

Total Pages: 350

ISBN-13: 9814651419

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The cases of Singapore and Switzerland present a fascinating puzzle: how have two small states achieved similar levels of success through divergent pathways? Are both approaches equally sustainable, and what lessons do they hold for each other? While Singapore is the archetypal developmental state, whose success can be attributed to strong political leadership and long-term planning, Switzerland's success is a more organic process, due to the propitious convergence of strong industries and a resilient citizenry. Yet throughout the course of their development, both countries have had to deal with the dual challenges of culturally heterogeneous populations and challenging regional contexts. Edited by Yvonne Guo and Jun Jie Woo, with forewords from Ambassadors Thomas Kupfer and Tommy Koh, Singapore and Switzerland: Secrets to Small State Success features contributions from distinguished scholars and policymakers who explore the dynamics of two small states which have topped international rankings in a dazzling array of policy areas, from economic competitiveness to education to governance, but whose pathways to success could not be more different.


Singapore and Asia in a Globalized World

Singapore and Asia in a Globalized World

Author: Wai Mun Chia

Publisher: World Scientific

Published: 2009

Total Pages: 231

ISBN-13: 9812815570

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This book is a spin-off from a highly successful seminar series jointly organized by the Division of Economics of the Nanyang Technological University (NTU) and the Ministry of Education (MOE) of Singapore. The seminars discuss contemporary domestic and regional economic issues and public policies that are relevant to the everyday lives of Singaporeans. The wish to introduce these economic issues to a broader audience outside the confinement of a lecture theatre, came to fruition, with the completion of this book.This book contains 13 chapters that are grouped under three sections. Under the section, ?Public Policies and Economic Issues of Singapore?, Singapore's public policies in the areas of healthcare, Central Provident Fund, and monetary policy are explored, as well as issues concerning Singapore's economic development, such as economic transformation, innovation and capital accumulation are discussed. The second section, ?Singapore and the Region in a Globalized World?, looks at the challenges and opportunities presented to Singapore and the region in an increasingly globalized world. Current issues on the sub-prime crisis and Asian monetary integration are also discussed. The last section, ?Other Economic Issues?, consists of papers in specific areas such as economics of medical decisions, economics of love, and the role of exchange rates in foreign direct investment.


Singapore's Health Care System

Singapore's Health Care System

Author: K. E. T. Al SATKU

Publisher: World Scientific

Published: 2015-11-13

Total Pages: 403

ISBN-13: 9814696064

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"How did Singapore's health care system transform itself into one of the best in the world? It not only provides easy access, but its standards of health care, not only in curative medicine but also in prevention, are exemplary. Fifty years ago, the infant mortality rate (IMR) was 26 per thousand live births; today the IMR is 2. Life expectancy was 64 years then; today, it is 83. The Singapore Medicine brand is trusted internationally, and patients are drawn to Singapore from all over the world. And while many countries struggle to finance their health care, Singapore has developed a health care financing framework that makes health care affordable for its people and gives sustainability to the health care system. Reliability is provided by a professional workforce that seeks to continually learn, improve and become ever more proficient with cutting edge technology while emphasizing the relational aspects of health care by nurturing compassion and maintaining high standards of integrity. Convenience and safety are enhanced by a unifying IT system that enables the portability of medical records across health care institutions. All these have been achieved not by chance but by careful planning, strong leadership and dedicated people who are prepared to learn from Singapore's own experience while adapting best practices from around the world. But the system is not without challenges -- not least those of an aging population, and an increasing market influence. This book provides a fascinating insight into the development of Singapore's health care system from the early days of fighting infections and providing nutrition supplementation for school children, to today's management of lifestyle diseases and high-end tertiary care. It also discusses how the system must adapt to help Singaporeans continue to "live well, live long, and with peace of mind."--


Singapore's Foreign Policy

Singapore's Foreign Policy

Author: Amitav Acharya

Publisher: World Scientific

Published: 2008

Total Pages: 214

ISBN-13: 9812708596

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The conventional understanding of Singapore's foreign policy can be summarized in three main propositions: first, it is dictated by the imperatives of being a small state; second, its primary purpose is to ensure Singapore's survival, given its small size; and third, this logic of survival dictates a realpolitik approach to foreign policy and national security.This book argues that an exclusively realist view of Singapore's foreign policy is inadequate. Singapore's foreign policy is also shaped by the positive effects of economic interdependence and regional institution-building ? instruments that realists tend to dismiss, but which Singapore has self-consciously tried to promote as instruments of regional order. The book first looks at the evolution of Singapore's foreign policy, before analyzing Singapore's international relations and national security in the context of economic growth and terrorism. It concludes with an interesting chapter on the impact of the rise of China and India on the regional landscape.


Affordable Excellence

Affordable Excellence

Author: William A. Haseltine

Publisher: Brookings Institution Press

Published: 2013

Total Pages: 198

ISBN-13: 0815724160

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"Today Singapore ranks sixth in the world in healthcare outcomes well ahead of many developed countries, including the United States. The results are all the more significant as Singapore spends less on healthcare than any other high-income country, both as measured by fraction of the Gross Domestic Product spent on health and by costs per person. Singapore achieves these results at less than one-fourth the cost of healthcare in the United States and about half that of Western European countries. Government leaders, presidents and prime ministers, finance ministers and ministers of health, policymakers in congress and parliament, public health officials responsible for healthcare systems planning, finance and operations, as well as those working on healthcare issues in universities and think-tanks should know how this system works to achieve affordable excellence."--Publisher's website.


Understanding Singapore Politics (Second Edition)

Understanding Singapore Politics (Second Edition)

Author: Bilveer Singh

Publisher: World Scientific

Published: 2021-08-23

Total Pages: 268

ISBN-13: 9811243409

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Understanding Singapore Politics, Second Edition, aims to present a structural-functional understanding of politics in Singapore. This textbook provides a foundational knowledge of Singapore's politics by discussing key topics including the country's history, political and party systems, role of parastatal organisations, nation building, political leadership, electoral politics, hot-button national issues and the role of Lee Kuan Yew in Singapore politics. Recommended for anyone who has an interest or a stake in the island republic, this introductory text provides insights on what drives, shapes and influences Singapore's politics and explains the political behaviour of Singaporeans.


S&T Strategies of Six Countries

S&T Strategies of Six Countries

Author: National Research Council

Publisher: National Academies Press

Published: 2010-10-04

Total Pages: 127

ISBN-13: 0309162688

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An increase in global access to goods and knowledge is transforming world-class science and technology (S&T) by bringing it within the capability of an unprecedented number of global parties who must compete for resources, markets, and talent. In particular, globalization has facilitated the success of formal S&T plans in many developing countries, where traditional limitations can now be overcome through the accumulation and global trade of a wide variety of goods, skills, and knowledge. As a result, centers for technological research and development (R&D) are now globally dispersed, setting the stage for greater uncertainty in the political, economic, and security arenas. These changes will have a potentially enormous impact for the U.S. national security policy, which for the past half century was premised on U.S. economic and technological dominance. As the U.S. monopoly on talent and innovation wanes, arms export regulations and restrictions on visas for foreign S&T workers are becoming less useful as security strategies. The acute level of S&T competition among leading countries in the world today suggests that countries that fail to exploit new technologies or that lose the capability for proprietary use of their own new technologies will find their existing industries uncompetitive or obsolete. The increased access to information has transformed the 1950s' paradigm of "control and isolation" of information for innovation control into the current one of "engagement and partnerships" between innovators for innovation creation. Current and future strategies for S&T development need to be considered in light of these new realities. This book analyzes the S&T strategies of Japan, Brazil, Russia, India, China, and Singapore (JBRICS), six countries that have either undergone or are undergoing remarkable growth in their S&T capabilities for the purpose of identifying unique national features and how they are utilized in the evolving global S&T environment.