Abstract
Economic development refers to the growth in economic welfare, measured though inadequately, by the growth in per capita national income, if not also by the distribution of national income.
The writer wishes to thank Miss Tan Lin-Yeok, Senior Tutor of the Department of Economics and Statistics, National University of Singapore, for her assistance in the preparation of this paper.
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Notes
For a more detailed discussion by the writer on global stagflation during this period and its impact on Singapore, see `Singapore and the World Economic Crisis’, in Lim Chong-Yah, Economic Development in Singapore ( Singapore: Federal Publications, 1980 ).
For comparative statistics by country, see World Bank, World Development Report 1982, pp. 110–11.
See Lim Chong-Yah, ‘The NWC as I See It’, in NTUC, Our Heritage and Beyond (Singapore, 1982) pp. 52–9.
See Milton Friedman and Rose Friedman, Free to Choose (London: Secker & Warburg, 1980), particularly chap. 9.
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© 1984 The British Association for the Advancement of Science
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Chong-Yah, L. (1984). Economic Development of Singapore since Self-government in 1959. In: Boulding, K.E. (eds) The Economics of Human Betterment. British Association for the Advancement of Science. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17538-3_7
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DOI: https://doi.org/10.1007/978-1-349-17538-3_7
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