Strategies of Singapore's Economic Success

"As a small open economy, Singapore is highly vulnerable to external forces and dependent on the global economy for its trade, investment and technology markets." "Recognizing Singapore's vulnerable position, and faced with the increasingly complex and difficult global issues in the 1970s, Mr. Hon Sui Sen understood the need for desperate measures in desperate times. A man of vision and high intellectual capacity, and as one of the longest serving Finance Ministers in the world, Mr. Hon undertook to set policies that would help Singapore to weather the difficult years of the 1970s and lead it to achieve its status today as a thriving nation." This reissue is part of the Singapore Economics History Collection and features a new Foreword by Professor Saw Swee Hock of the Institute of Southeast Asian Studies (ISEAS), Singapore.


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