Manufacturing and Services in Singapore's Economy: Twin Engines of Growth and their Asymmetric Dependencies

Abstract / Summary

Manufacturing and services are the twin engines of growth in the Singapore economy. Although they share a close, inter-dependent relationship, the development of services globally has historically depended more on the growth of the manufacturing sector than vice versa. This study examines whether the asymmetric dependencies between manufacturing and services hold in Singapore, and how this relationship has evolved over time.

Attachments

• ManufacturingandServicesinSingaporesEconomy-TwinEnginesofGrowthandtheirAsymmetricDependencies.pdf (0)