LESSONS OF SINGAPORE'S DEVELOPMENT FOR OTHER DEVELOPING ECONOMIES

2015 ◽  
Vol 60 (03) ◽  
pp. 1550029 ◽  
Author(s):  
TILAK ABEYSINGHE

While Singapore is grappling with policy options to sustain its success over the next 50 years, the developing world is wondering what made it such a success so far. By looking at some developing countries that are stuck in a roller-coaster ride of economic development I highlight some policy lessons they can learn from Singapore's success story. In a nutshell, as pointed out by Singapore's economic architect, Dr. Goh Keng Swee, non-economic factors matter more than the economic factors for a successful take-off of a developing economy. The paper also highlights some complementary development strategies that are instructive to developing economies.

2014 ◽  
Vol 1 (3) ◽  
pp. 13-25
Author(s):  
Babatunde Joshua Omotosho

One of the challenging scenarios regarding political landscape in developing countries has to do with corruption and Nigeria is not an exception. Politicians often tow the paths of corrupt practices (while preparing for election and upon assumption of political offices) due to a number of social and economic factors. Attempts have been made by different administrations in this country to severe these twin brothers (corruption and politics) in order to ensure a lasting democracy in Nigeria. In spite of these efforts, the success story is nothing to write home about. The questions therefore are: is there any tie between corruption and culture? At what point did corruption become an identifiable feature of Nigerian politics? What are the steps taken so far to address this menace and what are the achievements over time? All these issues and others become critical as this paper examines the place of culture in corruption in Nigeria.


Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.


2020 ◽  
Vol 2020 ◽  
pp. 1-10
Author(s):  
Salman Hanif ◽  
Dong Mu ◽  
Saranjam Baig ◽  
Khalid Mehmood Alam

The modern logistics industry has opened new strategic perspectives in establishing its interrelation with economic growth. In recent years, understanding such an overlap has become a policy issue considering ever-increasing factors and their influence on this relation. Most existing studies have explored this interaction from a general perspective, or for developed countries. This paper explores time-series analysis of the dynamic variables and their inter-related influence in both the short and long run on the relationship between modern logistic industry and economic growth—a more specific perspective, particularly for developing countries. Accordingly, we exemplify our analysis by employing the vector autoregression (VAR) model to the most updated time series data of investment in the logistics industry and the economic growth of Pakistan from 1990 to 2018. The empirical findings endorse the previous studies’ outcomes and recognize the importance of sustainable economic development concerning continuously improving the logistics industry. However, a unidirectional relation is observed that economic growth leads to developing the logistics industry—economic growth exerts a significant demand-pull effect on Pakistan’s logistics. It implies that logistic industrial development is comparatively quicker in the geographical areas where economic growth is higher than those areas where economic growth is low. To conclude this study’s findings, logistics industry reforms should prioritize the selected geographical areas in improving the economy that would lead to the modern logistics industry’s development. As the model adopts Pakistan’s context, the overall statistical analysis can be generalized to other developing economies. These results would be of particular interest to strategy makers working in developing countries and help them design and develop modern transportation and logistics, coupled with interlinked technological factors, which would attract investment in the logistics industry for sustainable economic development.


2020 ◽  
Vol 22 ◽  
pp. 39-49
Author(s):  
Manuel Couret Branco

In the middle of the twentieth century S.M. Lipset sustained that various indicators of economic development were higher in democratic countries than in authoritarian ones, suggesting that development was a condition to democracy. More recently, though, several authors have shown that there is no strong empirical evidence confirming development as a condition to democracy, suggesting in turn that the economic is not as important in democratization as it seemed in the 1950s. Despite this fact, there are some clues that indicate that economic factors do play an important role in democratization, but in a way different than that proposed by Lipset. In this article a revision of literature on some economic obstacles to democratization in Africa is carried out, its main conclusion being that underdevelopment decisively contributes to the difficulties many African countries experience in democratizing and consolidating democracy. One should not mistake underdevelopment with un-development though, the latter being the mere absence or delay in development and the former a specific supporting role given to developing countries within the global development process. The article’s general conclusion, therefore, is that democratic development is not a question of getting richer, i.e. intensifying the development model, as much as of reforming this same model. Resumo Nos meados do século XX, S.M. Lipset afirma que vários indicadores de desenvolvimento económico são mais altos em países democráticos do que em países autoritários, sugerindo que o desenvolvimento é uma condição para a democracia. Mais recentemente, vários autores sustentam que não existem evidências empíricas que confirmem o desenvolvimento como condição para a democracia, sugerindo, por sua vez, que a economia não é tão importante na democratização como aparentava ser durante a década de 50. Apesar disso, existem algumas evidências que indicam que os fatores económicos desempenham um papel importante na democratização, mas de forma diferente da proposta por Lipset. Neste artigo é feita uma revisão da literatura sobre alguns obstáculos económicos à democratização na África, e a sua principal conclusão é que o subdesenvolvimento contribui decisivamente para as dificuldades que muitos países africanos enfrentam na democratização e consolidação da democracia. Não se deve confundir subdesenvolvimento com des-desenvolvimento, sendo este último a mera ausência ou atraso no desenvolvimento e o primeiro um papel de apoio específico dado aos países em vias desenvolvimento no processo de desenvolvimento global. A conclusão geral do artigo, portanto, é que o desenvolvimento democrático não é uma questão de enriquecimento, ou seja, de intensificar o modelo de desenvolvimento, mas de reformar esse mesmo modelo.


Equilibrium ◽  
2013 ◽  
Vol 8 (4) ◽  
pp. 79-106 ◽  
Author(s):  
Ewa Lechman

In recent years, enormous changes are noted worldwide during broad  adoption of Information and Communication Technologies (ICT). These unique  technologies – often perceived as economic development incentives – have a great  ability to spread at high pace and low cost in countries all over the world, bringing  people opportunities to contribute to economic development and growth. New Technologies  play a special role in developing countries, where their in-country adoption  lies in the centre of development strategies. ICT are treated as tools which bring  people access to information, education and knowledge, offering unlimited possibilities  for wealth-creation.  The paper, purely empirical in nature, reports on the pace of adoption of new Information  and Communication Technologies in developing countries, and – additionally  – investigates country-specific ICT diffusion patterns. We expect to uncover  the S-shape curve in the diffusion process in most of developing countries, as well as  in the whole country sample.  For the analysis purposes, we apply all counties which – according to the World  Bank nomenclature – are classified as low-income and lower-middle-income econ-  omies. Our sample covers 46 countries (upper-middle-income and high-income  economies are excluded from the study purposefully) which are classified as developing  economies. The time framework is set for the period of 2000-2011. All data  necessary for the analysis are derived from World Telecommunication/ICT Indicators  Database 2012 (16th edition).


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Richard G. Brody ◽  
Gaurav Gupta ◽  
Angela N. Ekofo ◽  
Kehinde Mayokun Ogunade

Purpose In this study, the authors examine the issue of corruption in the government institutions of developing countries. Additionally, this study aims to answer the following research question: How do developing countries implement and enforce these anti-corruption policies? Specifically, the authors look at the laws adopted in different developing countries to deal with issues related to corruption. Design/methodology/approach The authors use the qualitative approach to examine the causes of recent corruption among government officials in developing countries such as Nigeria, India, the Democratic Republic of Congo and Uganda. A comparative approach was used to compare and contrast the anti-corruption practices of developing and developed countries. Findings The findings indicate that corruption is rampant in much of the developing world. On a positive note, the authors have found evidence of actions taken by governments in these developing economies to rapidly deal with issues of corruption. All the countries analyzed in this paper have developed anti-corruption policies and related acts to detect and punish the perpetrators of corruption. Originality/value This paper provides a greater insight as to how the anti-corruption policies are formulated and enforced in the developing world. Specifically, the authors provide examples of different emerging countries and their approaches to developing and enforcing anti-corruption policies. This guidance can help others around the world to deal with anti-corruption policies in their countries. Although the authors have learned a lot about the detrimental effects of corruption and laws enacted to combat it, the next step is to examine the processes used by the developing countries to develop these anti-corruption laws and policies.


2019 ◽  
pp. 802-816
Author(s):  
Nermeen Atef Ahmed Hegazy

Tourism is an attractive tool for economic development, especially in the developing world because tourism industry is considered as one of the largest and the most diverse industries in the world and it is one of the fastest growing sectors of the global economic. Many countries are seeking a way to improve their economic conditions; they see tourism as a major source of income, employment, and development of economic. The World Travel & Tourism Council (WTTC) researches assesses that the Travel & Tourism industry's contribution to GDP and jobs for 184 countries and 24 regions and economic groups in the world1.


2011 ◽  
pp. 1441-1457 ◽  
Author(s):  
Mitra Kartiwi ◽  
Robert C. MacGregor

Today, electronic commerce (e-commerce) has been utilised as a rapid vehicle to transform the world into an information society. In the business environment, e-commerce has made considerable inroads not only into large organisations but also the small and medium-sized enterprises (SMEs). However, SMEs are not adopting e-commerce with same speed as their larger counterparts. This slow growth has been attributed to various adoption barriers, which have been well documented in numerous research studies. While several recent studies have begun examining the relationship between the perceptions of adoption barriers in developed economies, the relationship between the perceptions of these barriers has not been fully examined in developing economies. This paper examines the correlation and underlying factors of barriers to e-commerce (as perceived by SME owner/managers) in a developing economy (Indonesia). It then compares these with SME owner/manager perceptions from a developed economy (Sweden). The study showed that there are differences in the groupings and priorities of barriers to e-commerce between the two locations. Most importantly, however, was the finding that while Swedish respondents were more concerned with technical issues, the Indonesian respondents were more concerned with organisational barriers.


Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.


Author(s):  
Forgor Lempogo ◽  
Ezer Osei Yeboah-Boateng ◽  
William Leslie Brown-Acquaye

In a world increasingly driven by data, most developed economies are leveraging big data to achieve greater feats in various sectors of their economies. From advertisement, commerce, healthcare, and energy to defense, big data has given new insights into the huge volume of data accumulated over the past few decades that is helping reshape our knowledge and understanding of these sectors. Unfortunately, the same cannot be said about the state of big data in the developing world, where investments in IT infrastructure are dangerously low, keeping huge proportions of the population offline. This chapter discussed the challenges that exist in developing countries, which affect the smooth take-off of big data and data science as well as recommendations as to how countries and companies in the developing world can overcome these challenges to harness the benefits and opportunities presented by this technology.


Sign in / Sign up

Export Citation Format

Share Document