Production Sharing and Singapore’s Global Competitiveness

Authors

Sven W. Arndt, Claremont McKenna CollegeFollow

Document Type

Book Chapter

Department

Economics (CMC)

Publication Date

2003

Abstract

Singapore has made spectacular progress in recent decades in pushing its economy into the world's top ranks. One important payoff has been a substantial rise in living standards. Among the main drivers behind this accomplishment have been entrepot trade, which exploits an important natural comparative advantage, on the one hand, and enlightened education, social, and economic policies, which have built up man-made comparative advantage based on human capital, on the other.

Comments

At the request of the publisher, the chapter is for private use only.

Rights Information

© 2003 Edward Elgar Publishing Ltd.

Recommended Citation

Arndt, Sven W. "Production Sharing and Singapore’s Global Competitiveness,” in R.S. Rajan (ed.), Sustaining Competitiveness in the New Global Economy (Edward Elgar, 2003b).