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What Characterized The Economic Strategy in Singap
What Characterized The Economic Strategy in Singap
What characterized the economic strategy in Singapore in the period between gaining national
independence (1965) and the end of the 1970s?
- GDP growth accelerated to 12.9%
- very low inflation
- maintaining the convertibility of the Singapore dollar
- becoming the fourth busies port in the world
5. Assess the impact of the applied economic strategy in Singapore. What recommendations would you
make?
Since they established a plan on short-term and also long-term, and put it in practice, taking into
consideration all the economic and social aspects, they are a real model for the other countries.