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Since attaining independence in 1965, Singapore has experienced exceptionally rapid growth, low inflation, and a healthy balance of payments. This paper reviews Singapore’s economic development from a long-term perspective and examines some of the factors that have contributed to the rapid growth.

Third World: economic development problems --- Singapore --- developpement economique --- politique economique --- singapore --- economische ontwikkeling --- economisch beleid --- singapour --- Economic conditions. --- Economic policy. --- Singapura --- Singkhapō --- Singapur --- Singapour --- Hsin-chia-pʻo --- Ciṅkappūr --- Republic of Singapore --- Lion City --- Garden City --- Red Dot --- Republik Singapura --- 新加坡共和国 --- Xinjiapo Gongheguo --- Xinjiapo gong he guo --- 新加坡 --- Xinjiapo --- Singapore (Singapore) --- Singapore City (Singapore) --- Tumasik (Singapore) --- Singapore Colony --- Colony of Singapore --- Syonan-to --- Developing countries: economic development problems --- Singapoer --- سنغافورة --- Sanghāfūrah --- Singhāfūrah --- Sinqapur --- Sin-ka-pho --- Сінгапур --- Sinhapur --- Сингапур --- Singgapura --- Σιγκαπούρη --- Sinkapoyrē --- Singapuro --- Singapul --- Sinngapuur --- Singeapór --- 싱가포르 --- Singgap'orŭ --- Singafora --- Sinapoa --- סינגפור --- Singapuri --- Sengapou --- Singapūras --- Singapūro Respublika --- Scingapô --- Szingapúr --- Singaporo --- Hingapoa --- シンガポール --- Shingapōru --- Exports and Imports --- Labor --- Macroeconomics --- Taxation --- Production and Operations Management --- Industries: Financial Services --- Public Finance --- Macroeconomics: Consumption --- Saving --- Wealth --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Wages, Compensation, and Labor Costs: General --- Labor Economics: General --- Macroeconomics: Production --- International Investment --- Long-term Capital Movements --- Labour --- income economics --- Finance --- Public finance & taxation --- Manufacturing industries --- International economics --- Total factor productivity --- Private savings --- Foreign direct investment --- Labor costs --- National accounts --- Balance of payments --- Wages --- Industrial productivity --- Saving and investment --- Labor economics --- Investments, Foreign