The World Bank, 1993 conferred on Singapore the status of ‘tiger economy’ because of its two miraculous characteristics: high growth and reduced income inequality. Expansion of educational provision is one of the major policies the Government of Singapore followed since 1975 particularly to enrich the human capital endowment of the country which has been crucial to the success of Singapore. This book made a coherent study of these extremely important issues to examine the trend and pattern of income inequality in Singapore
The book delves further into the trend and pattern of income inequality in Singapore and their implications for the future. It attempts to analyse the links between social welfare and inequality in the light of rapid economic growth phase and adduced important policy implications. The concepts and methodologies used in this book as well as the novelty of analyses and policy implications make this a coherent and in-depth study of extremely important issues with most up-to-date observations.
In the last three decades no such book on Singapore has been written and this book fills the gap in existing literature. It is a must-read for anyone who is interested to learn more about the tiger economy of Singapore.
Table of Contents
1. Introduction 2. Income Inequality a General Discussion 3. Income Inequality Trends in Singapore 4. Educational Development and Income Inequality 5. Income Differences: the Gender Dimension 6. Inequality, Older Women and Necessity for Social Security 7. Trend in Equity and Efficiency Trade-off in Singapore 8. Conclusion
Pundarik Mukhopadhaya is an Associate Professor at the Department of Economics, Macquarie University, Australia. Dr Mukhopadhaya has published widely on income distribution analysis and various other issues in development economics. Some of his major publications have appeared in Journal of Contemporary Asia, Researches on Economic Inequality, Advances in Econometrics, Applied Economics, Journal on Income Distribution, Journal of Asian Economics, Asian Economics Journal, Journal of World Investment and Trade, Netherlands International Law Review, Oxford Development Studies and Economic Record. Dr Mukhopadhaya has also provided consultancy to UNESCO, the World Bank and WHO.
"this well-researched, in-depth look at inequality in Singapore is a timely contribution" — The Singapore Economic Review, Vol. 60, No. 4, September 2015