Toward a Better Future : Education and Training for Economic Development in Singapore since 1965

The Singapore economy has undergone significant stages of development since the 1960s. It has grown from its traditional role as a regional port and distribution center in the 1960s to an international manufacturing and service center in the 1970s...

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Bibliographic Details
Main Authors: Lee, Sing-Kong, Goh, Chor Boon, Fredriksen, Birger, Tan, Jee Peng
Format: Publication
Language:English
en_US
Published: Washington, DC : World Bank 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2008/01/9484338/toward-better-future-education-training-economic-development-singapore-1965
http://hdl.handle.net/10986/6432
Description
Summary:The Singapore economy has undergone significant stages of development since the 1960s. It has grown from its traditional role as a regional port and distribution center in the 1960s to an international manufacturing and service center in the 1970s and 1980s, and now into a center of science-based manufacturing and knowledge-intensive technical services. Much has been written to explain this success. Emphasis has been placed on the early adoption of an export-oriented strategy for industrialization, high savings and investment rates, a stable macroeconomic environment, and even socio cultural traits that support successful industrialization. This volume documents a less-explored aspect of Singapore's economic development: it examines the transformation of the education and training system since the country's independence in 1965 and how the process contributed to skills formation and, hence, economic change.