Sustaining Competitiveness in the New Global Economy

Hardback

Sustaining Competitiveness in the New Global Economy

The Experience of Singapore

9781843764076 Edward Elgar Publishing
Edited by Ramkishen S. Rajan, Professor of Economics, ESSEC Business School, Singapore
Publication Date: 2003 ISBN: 978 1 84376 407 6 Extent: 320 pp
While the Singaporean economy has experienced one of the highest rates of growth in the world over the past three decades, questions have recently been raised about the sustainability of the Singapore development model and its continued relevance in the global economy. This book is a compilation of specially written essays by a select group of leading international scholars. The authors analytically examine a number of related issues pertaining to national competitiveness, structural and macroeconomic concerns and policy options for the Singapore economy in order for it to sustain its economic viability in the global economy.

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Critical Acclaim
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While the Singaporean economy has experienced one of the highest rates of growth in the world over the past three decades, questions have recently been raised about the sustainability of the Singapore development model and its continued relevance in the global economy. This book is a compilation of specially written essays by a select group of leading international scholars. The authors analytically examine a number of related issues pertaining to national competitiveness, structural and macroeconomic concerns and policy options for the Singapore economy in order for it to sustain its economic viability in the global economy. Specifically, the volume aims to:

• identify key trends and strategic issues that policymakers and businesses need to be aware of in a highly competitive and technologically sophisticated global economy
• highlight what exactly it means to be ‘competitive’ in the new global economy
• hypothesise how to position Singapore in the new global economy for it to remain a thriving and prosperous nation.

As the title of the book suggests, while the focus is on Singapore, there are many lessons to be gleaned for other countries in Asia and elsewhere. Scholars of Asian studies, international economics, development economics, public policy and international business economics should find this book of great value, as should policymakers and other policy analysts.
Critical Acclaim
‘This volume is best seen as the latest in a series of soul-searching exercises in a country which, although remarkably successful in its economic achievements, is obsessed with its international competitiveness, almost as much as it is with its economic growth . . . Overall, it is a well-crafted and well-organized volume, nicely focused around the general theme of international competitiveness in an era of increased globalization . . . this book is an excellent update of the challenges facing this small but interesting country.’
– Peter Wilson, Journal of Asian Business

‘The lessons gleaned from the wide-ranging topics discussed in the book serves as a good guide for all interested in tackling the demands brought about by globalization.’
– C.Y. Chang, ASEAN Economic Bulletin

‘This is a thoughtful volume providing a well-rounded treatment of some of the main economic issues currently confronting Singapore. It will be of greatest interest to Singapore watchers, but given the range of issues it grapples with, a much wider audience of policymakers and those interested in development economics will also find it stimulating.’
– Alfred Oehlers, Asian-Pacific Economic Literature
Contributors
Contributors: K. Anderson, S.W. Arndt, M.G. Asher, D.B. Audretsch, M. Bhaskaran, C. Findlay, S. Lall, L. Loh, L. Low, K.J. Ngiam, R.S. Rajan, A. Sidorenko, R. Siregar, S.M. Thangavelu, M.H. Toh
Contents
Contents: Foreword by Tommy Koh Part I: General Introduction 1. Introduction and Overview Part II: Defining Globalization and Competitiveness 2. The New Global Economy: Opportunities and Challenges for Small and Open Economies 3. Assessing Industrial Competitiveness: How Does Singapore Fare? Part III: International Trade 4. Production Sharing and Singapore’s Global Competitiveness 5. Opportunities and Challenges in Singapore’s Services Trade Part IV: Role of Government 6. Sustaining the Competitiveness of Singapore Inc in the Knowledge-based Global Economy 7. Structural Challenges Facing the Singapore Economy 8. Fiscal Policy Challenges Facing a Mature Asian Economy: The Case of Singapore Part V: Entrepreneurship, Innovation and Productivity 9. Entrepreneurship, Innovation and Globalization: Does Singapore Need a New Policy Approach? 10. Technology Spillovers, Ownership Structures and Productivity Growth in Singapore Part VI: Exchange Rate Policies and Financial Market Considerations 11. Economic Competitiveness and the Equilibrium Real Exchange Rate: The Case of Singapore 12. Developing a Viable Corporate Bond Market: The Singapore Experience Index
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