Policy Debate | Learning to Grow Beyond the Middle-Income Trap - Singapore as an Export Model?

Abstract

Editor’s note: These papers are a contribution to the ‘Policy Debate’ section of International Development Policy. In this section, academics, policy-makers and practioners engage in a dialogue on global development challenges. Papers are copy-edited but not peer-reviewed. Instead, the initial thematic contribution is followed by critical comments and reactions from scholars and/or policy-makers. This debate can be pursued on the Journal’s blog http://devpol.hypotheses.org/528 where you are invited to share your reflections under your name.In the initial paper ‘Learning to Grow’, the authors argue that a key challenge for middle-income countries is to avoid ‘the middle-income trap’. In this situation, economic growth has come to a halt and a country is unable to transition to the next level in part due to inadequacies in high-level human capital. Taking the example of Singapore as a country that has avoided the middle-income trap, the authors call for ‘a much closer alignment of policies for human capital and economic development’ and a ‘human capital focussed development strategy’. In his answer, Professor Gopinathan, from the National University of Singapore, analyses some key conditions that were crucial for Singapore’s success and questions whether the model could be exported to other contexts.

Keywords

• emerging economies
• economic | development history
• social protection
• education
• employment
• youth