LEADER 05591nam 2200673Ia 450 001 9910814877303321 005 20240313222158.0 010 $a981-281-558-9 035 $a(CKB)1000000000767572 035 $a(EBL)1193403 035 $a(SSID)ssj0000519819 035 $a(PQKBManifestationID)12175635 035 $a(PQKBTitleCode)TC0000519819 035 $a(PQKBWorkID)10508111 035 $a(PQKB)10208086 035 $a(MiAaPQ)EBC1193403 035 $a(WSP)00006866 035 $a(Au-PeEL)EBL1193403 035 $a(CaPaEBR)ebr10688027 035 $a(CaONFJC)MIL498422 035 $a(OCoLC)826658004 035 $a(EXLCZ)991000000000767572 100 $a20081212d2009 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aSingapore and Asia in a globalized world $econtemporary economic issues and policies /$feditors, Chia Wai Mun, Sng Hui Ying 205 $a1st ed. 210 $aHackensack, N.J. $cWorld Scientific$dc2009 215 $a1 online resource (232 p.) 300 $aDescription based upon print version of record. 311 $a981-281-557-0 320 $aIncludes bibliographical references and index. 327 $aContents; Foreword; Part I Public Policies and Economic Issues of Singapore; 1. Transformation in the Singapore Economy: Course and Causes Lim Chong Yah; THE ECONOMIC MIRACLE; Per Capital GDP Growth; Growth in GDP Sizes; Growth in Real GDP Rates; Standards of Living; Employment Creation; An Economic Miracle; STRUCTURAL TRANSFORMATION; METAMORPHOSIS IN EXTERNAL BALANCE; METAMORPHOSIS IN SAVINGS FUNCTION; GROWTH ACCOUNTING; VISUAL GLIMPSES; THREE CRITICAL OPTIONS; (1) Market-Orientation; (2) Investment, Investment and Investment; (3) Good Public Governance; END NOTES 327 $a2. Innovation, Markets and Economic Growth: A Symbiosis Lam Chuan Leong A DETAILED LOOK AT INNOVATION; O-Type Innovation and V-Type Innovation; The Innovation Cycle and Economic Growth; INNOVATION AND MARKETS - A SYMBIOSIS; Free Diffusion of Information and Diffusion of Knowledge; Free Market Entry and Exit; An Ex-Poste Market "Selection System"; Sustaining Reward System; SINGAPORE'S RECORD; END NOTES; 3. Macro Objectives of the Central Provident Fund (CPF): A Review Chew Soon Beng and Rosalind Chew; THE CENTRAL PROVIDENT FUND SCHEME, (1955-65): STATUS QUO; HOME OWNERSHIP 327 $aSPLIT OF THE CPF ACCOUNT CPF AS AN ECONOMIC RESTRUCTURING TOOL; HOME PROTECTION INSURANCE SCHEME USING CPF SAVING; AFFORDABLE HEALTH AS THE NEW OBJECTIVE OF THE CPF SCHEME; CPF AS A PRINCIPAL TOOL FOR THE REDUCTION OF LABOR COSTS; CPF SAVING AND THE MINIMUM SUM SCHEME; CONTROVERSY OVER THE MINIMUM SUM SCHEME; RESTORATION OF THE EMPLOYER CPF CONTRIBUTION RATE SINCE 1988; USAGE OF THE CPF EXTENDED TO TERTIARY EDUCATION; LIFE AND MEDICAL INSURANCE INTRODUCED INTO THE CPF SCHEME; INCREASING THE STAKE IN THE COUNTRY; DISTRIBUTION OF NATIONAL WEALTH VIA THE CPF TOP-UP SCHEME 327 $aCHANGING EMPHASIS FROM INVESTMENT TO HEALTH CARE INCREASING THE RATE OF RETURN ON CPF SAVING; THE EAST ASIAN CURRENCY CRISIS AND THE SUCCEEDING YEARS; WORRY OVER OLDER WORKER'S EMPLOYMENT; HIGHER CONTRIBUTION RATES FOR OLD AGE AND HEALTHCARE; FINE-TUNING TO HELP YOUNG LOW-INCOME SINGAPOEANS IN COMPETITION WITH FOREIGNERS; CPF SCHEME NOT ATTRACTIVE FOR HIGH INCOME SINGAPOREANS; CPF AS A SUSTAINABLE SOCIAL SAFETY NET; MACRO IMPACT OF THE CPF SCHEME; 1. Impact on Work and Skill Level; 2. Impact on Government Budget Policy; THE CPF BOARD AND THE GOVERNMENT; REVIEW AND REFLECTIONS OF THE CPF SCHEME 327 $aCONCLUSION END NOTES; 4. Monetary Policy in Singapore: A BBC Approach Peter Wilson; INTRODUCTION; SINGAPORE'S EXCHANGE RATE-CENTERED MONETARY POLICY; Objectives of Monetary Policy; The BBC Exchange Rate System; The Formulation of Monetary Policy; Monetary Policy Communication; Implementation of Monetary Policy; THE RATIONALE BEHIND SINGAPORE'S MONETARY POLICY; Traditional Monetary Policy; Why is Singapore's Monetary Policy Exchange-Rate Centered?; HAS MONETARY POLICY IN SINGAPORE BEEN SUCCESSFUL?; Monetary Policy Does Not Work Alone; CONCLUSION; END NOTES 327 $a5. Capital Accumulation, Capital-Output Ratio and Total Factor Productivity in Singapore Sng Hui Ying 330 $aThis 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 s 606 $aGlobalization$xEconomic aspects$zAsia$vCongresses 606 $aGlobalization$xEconomic aspects$zSingapore$vCongresses 607 $aAsia$xEconomic policy$vCongresses 607 $aSingapore$xEconomic policy$vCongresses 615 0$aGlobalization$xEconomic aspects 615 0$aGlobalization$xEconomic aspects 676 $a337.5 701 $aChia$b Wai Mun$01638423 701 $aSng$b Hui Ying$01630337 712 12$aNTU-MOE Seminars 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910814877303321 996 $aSingapore and Asia in a globalized world$93980791 997 $aUNINA