Introduction -- Medium term growth prospects -- The role of the corporate sector in the transmission of shocks -- Development of the corporate bond market -- Population ageing [i.e. aging] and the current account surplus
Summary
The paper first uses the production function to analyze the sources of past growth in Singapore and compares it with the experience of other Asian and industrialized economies. This study also provides some thoughts on how to boost medium-term growth prospects in Singapore, and assesses the growth slowdown of the past few years in Singapore reflecting cyclical versus structural factors. The assessment given in this paper suggests that there are returns to be had from investment in education and structural reforms
Notes
"Prepared by a staff team consisting of Byung Kyoon Jang, Gauti Eggertsson, Robin Brooks, and Lars Pedersen."
"April 2004"--Cover
"Prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country."
