The "Second Industrial Revolution" in Singapore Industrial Policy in a Newly Industrializing Country

Abstract

Comparing industrial policies in the western industrialized welfare states with those in the newly industrializing countries (NIC's) leaves little doubt why countries in the first group have become more and more unable to sustain even modest rates of economic growth while the second group is catching up with historically unprecedented increase in growth and technological competence, even during the recent period of massive increases in energy prices and slow growth of world trade.