Role of government英文资料.pdfVIP

Science and Public Policy, volume 28, number 5, October 2001, pages 361– 370, Beech Tree Publishing, 10 Watford Close, Guildford, Surrey GU1 2EP, England Role of government Singapore’s manufacturing sector as engine for economic growth: past, present and future Thompson S H Teo and James S K Ang Despite her small size and population, Singapore INGAPORE, A SMALL geographical state has undergone a remarkable economic trans- with a population of less than four million, has undergone a remarkable economic transforma- formation in the past three decades, driven by its S twin engines of growth, manufacturing and ser- tion in the past 30 years. Between 1965 (the year it achieved political independence) and 1999, its per vices. The shift from labor-intensive industries in capita GNP increased more than 20-fold from the 1960s to the capital- and skill-intensive in the S$1,618 (S$1=US$0.567) to S$39,585 (SDS, 2001). 1970s, then technology-intensive in the 1980s This figure places Singapore, along with the United and knowledge-driven industries in the 1990s are States (USA) and Hong Kong, as one of the world’s described. The paper also discusses the different most competitive economies (Table 1). factors contributing to the success of Singapore’s For four consecutive years (1996– 1999), the Ge- manufacturing industry and how the country neva-ba