Integrating Human Capital into National Development Planning in Singapore
Modernizing the economy and achieving prosperity required building and harnessing Singapore’s human capital. The government charted a new path for Singapore, adopting a fast-paced industrialization strategy to create employment for an unskilled workforce and generate export earnings. Implementing...
| Main Author: | |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
Global Delivery Initiative, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/288331595613626022/Integrating-Human-Capital-into-National-Development-Planning-in-Singapore http://hdl.handle.net/10986/34212 |
| Summary: | Modernizing the economy and achieving prosperity required building and
harnessing Singapore’s human capital. The government charted a new path for
Singapore, adopting a fast-paced industrialization strategy to create employment
for an unskilled workforce and generate export earnings. Implementing that
plan required overcoming fundamental challenges such as ethnic tension, high
unemployment, regional instability, and turmoil caused by Britain’s withdrawal
from the former colony. From these difficult and uncertain beginnings,
Singapore would attain the highest score of any country in the world in the
World Bank’s 2018 Human Capital Index, which took into account several health
and education indicators. This delivery note examines some of the strategic
decisions and policies that contributed to Singapore’s success. |
|---|