The Singapore Economy Reconsidered

Lawrence B. Krause · Ai Tee Koh · Yuan Lee Tsao

Jan 1990 · BOOK MONOGRAPH Kitabu cha 73 · Institute of Southeast Asian Studies

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This study re-examines some of the issues, challenges and policy options facing the Singapore economy in the light of the 1985–86 recession. Particular attention is paid towards reappraising the role of the government as an entrepreneur in economic activity, in macro-economic management, in savings and investment, and in the labour market. This is done in the context of and alongside an assessment of Singapore’s linkages with the global economy and its future comparative advantage in a dynamic international environment.

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•Dr. Lawrence B. Krause is a Professor of the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has studied many of the economies of the Pacific Basin when at the Brookings Institution. In 1986 he was a Distinguished Fellow in the International Banking and Finance at the Institute of Southeast Asian Studies, Singapore.

•Dr. Koh Ai Tee is a Lecturer in the Department of Economics from the University of Rochester in 1983. Her research interests are in the areas of internationak trade and finance. She has worked on the theoretical modelling of business cycles and exchange controls, as well as done empirical work on services, industrial and trade co-operation issues in the ASEAN region.

•Dr. Lee (Tsao) Yuan is also a Lecturer in the Department of Economics and Statistics, National University of Singapore. She is a Harvard (1982) graduate and has done research on productivity and macro-economic management in the Singapore economy as well as trade in services and capital flows in the ASEAN region.

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