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The foreign dimension of Singapore’s economic growth : the role of foreign multinationals and labor on Singapore’s economic growth since the 1960s

机译:新加坡经济增长的外国层面:1960年代以来外国跨国公司和劳工在新加坡经济增长中的作用

摘要

Singapore’s growth from its independence in 1965 to present day is truly remarkable.Much of the country’s economic success is due to the policies and strategies implementedby the Singaporean government and its agency the Economic Development Board (EDB).These include active promotion and targeting of foreign multinationals (MNCs) to investin the country, a dynamic sectoral allocation of industries, and a shrewd use of bothskilled and unskilled foreign labor.As foreign investment into Singapore has increased throughout the years, so have theamount of foreign laborers in Singapore. The government has always had an open-doorpolicy for foreign skilled workers aiding Singapore to achieve its goals ofindustrialization and subsequent upgrading. With economic growth, the need for lowskilledforeign workers also emerged to maintain the country’s competitiveness. Theseworkers would help to keep wages low, fill in labor shortages, and do menial jobs thatSingaporeans would increasingly refuse to do.The aim of this paper is to show how foreign MNCs, skilled labor, and unskilled laborhave intertwined in Singapore’s growth story, and the extent to which this foreigndimension has contributed to the story. The story begins in the early 1960s whenSingapore first made the push for foreign MNC operations to invest in Singapore, but theauthors’ analysis will mostly focus on the period post-1980 where data is more availableon foreign MNCs and labor.
机译:从1965年独立到现在,新加坡的经济增长确实令人瞩目,该国的经济成功大部分归功于新加坡政府及其机构经济发展委员会(EDB)实施的政策和战略,其中包括积极促进和瞄准外国人。跨国公司(MNC)在新加坡投资,动态的行业部门配置以及对熟练和不熟练的外国劳动力的精明使用。随着这些年来对新加坡的外国投资增加,新加坡的外国劳动力数量也在增加。政府一直对外国技术工人实行开放政策,以协助新加坡实现其工业化和随后升级的目标。随着经济的增长,也出现了对低技能外国工人的需求,以维持该国​​的竞争力。这些工人将有助于保持低工资,填补劳动力短缺以及从事新加坡人越来越拒绝做的艰巨工作。本文的目的是展示外国跨国公司,熟练工人和非熟练工人如何与新加坡的增长故事交织在一起。外国维度对故事的贡献程度。故事始于1960年代初,当时新加坡首次推动外国跨国公司在新加坡投资,但作者的分析主要集中在1980年以后的时期,那里有更多关于外国跨国公司和劳工的数据。

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