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Essay / Research Paper Abstract
This 18 page paper provides an overview of the mid-1980 and early 1990 recessions and how they affected Singapore. Singapore, as one of the tiger economies, is evaluated. Charts are included. Bibliography lists 12 sources.
Page Count:
18 pages (~225 words per page)
File: RT13_SA035sng.rtf
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Unformatted sample text from the term paper:
well a nations relationship with the rest of the world. Singapore is a good example. In fact, all of the Southeast Asian economies, affectionately called "tigers" due to their spectacular
growth, were touted as the rising stars of the developing world ("Economics," 1999). Further, it was seen as proof that capitalism worked (1999). Thus, the growth of the tiger economies,
on the surface, would make it appear that if government withdrew their influence, things would be better. And while to an extent that is true, there are problems with that
theory. In delving into the details of the history of some of the tiger economies, one sees that they are not quite as sound as once thought and they are
not free of government involvement. Further, these economies, like many others have not escaped the wrath of recession. How did they cope? Using the tiger economies as an example,
and focusing exclusively on one of them-- Singapore--one can say that less government intervention is a positive thing. The reason why is because these economies embrace a free market ideology,
which is equated with freedom from government to an extent. But others might suggest that the tiger examples are not doing well enough to be utilized in this manner. Further,
Singapore, despite a pull back in government intervention in the 1990s, is to a large extent controlled by the state. And this was also true during the 1980s recession.
While Asia did go through a crisis earlier in the 1990s, and these economies also experienced a mid-1980s recession, things are looking up as 2000 unfolds. Interest rates have declined
throughout the developing world and growth is surprisingly strong in South Korea, Singapore, and Taiwan (Berfield, 1999). These economies could in fact expand by 6% (1999, p.51) during 2000. This
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