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THE ROLE OF THE STATE IN SINGAPORE: PRAGMATISM IN PURSUIT OF GROWTH

机译:国家在新加坡的作用:追求增长的实用主义

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This paper looks at how government intervention shapes the evolution of the Singapore economy and accounts for its successes and failures over the past 50 years. Compared with other dynamic Asian economies, the Singapore government's approach to intervene in the economy is both more extensive and more intrusive, but with a narrow focus on GDP growth and surplus accumulation as the primary objectives. The ruling government's near complete dominance in politics has enabled it to mobilize resources to create the preconditions for strong GDP growth and high savings. But the impact on the broader development of the economy and the long term sustainability of growth is less obvious. High GDP growth and strong savings have been achieved without developing the inherent production and indigenous innovation capacity, securing a larger hinterland and providing a less skewed income distribution and higher quality of life for residents. As the economy enters a new phase where more complex and multi-faceted development is needed, the Singapore government will require more than its vaunted competency in mobilizing resources to deliver the outcome.
机译:本文探讨了政府干预如何塑造新加坡经济的发展,并解释了过去50年新加坡经济的成败。与其他充满活力的亚洲经济体相比,新加坡政府干预经济的方式既广泛又更具侵入性,但主要目标是将GDP增长和盈余积累作为重点。执政政府在政治上几乎完全占据统治地位,这使其能够调动资源来为强劲的GDP增长和高储蓄创造前提。但是对经济的广泛发展和增长的长期可持续性的影响不太明显。在没有发展固有的生产能力和本土创新能力,确保更大的腹地面积,减少收入分配偏斜和提高居民生活质量的情况下,实现了高GDP增长和强劲储蓄。随着经济进入一个新阶段,需要更复杂和多方面的发展,新加坡政府在动员资源以取得成果方面将需要比其自负的能力更多的东西。

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