Author Description

In 1984, Singapore celebrated its twenty-fifth anniversary of nationhood. This book discusses the sources and causes of the rapid economic expansion that marked these twenty-five years, as Singapore became one of the fastest growing economies in the world. This development has been reflectednot only in Singapore's per capita income growth, but also in the reduction of its unemployment rate, the clearance of urban slums, the investment in social and economic infrastructure, the strength of its currency, and the accumulation of foreign reserves.