Singapore: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 140

Publication date: April 2005

ISBN: 9781451923254

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Finance , Public Finance , Demography , ISCR , CR , bank , export growth , Singapore dummy , product indicator , parent bank , Singapore's export , Exports , Foreign banks , Export performance , Commercial banks , Asia and Pacific

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Summary

This Selected Issues paper analyzes quality upgrading and low-wage competition for Singapore. The analysis concludes that quality upgrading is indeed taking place in some products where low-wage competitors are entering. More generally, Singapore’s exports are of a higher quality than its regional competitors, and the quality gap has widened over time. This paper also assesses the factors behind the mixed results of Singapore banks’ outward expansion by examining the region’s industry structure and competitive conditions.