Rapid economic development in Singapore and the future of the PAP |
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| Authors: | Jeremy B Williams |
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| Institution: | School of Economics and Finance , Queensland University of Technology , Australia |
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| Abstract: | The economic development of Singapore has been such that it is frequently cited as a model for capitalist development. One of the most striking features of the Singapore development process has been its distributional consequences. Rapid economic growth has produced remarkably equitable outcomes and the average Singaporean has had little cause for complaint — or at least until recently. This article examines the latest trends with respect to inequality in Singapore, and attempts some assessment of the policy responses and the potential for social instability. |
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