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| Topic: |
Miscellaneous
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| Number of pages / Number of words: |
12 / 3209 |
Essay's paper body
The increase in private domestic investment to support Singapore's growing needs was the principal engine of growth for Singapore.
Period: 1988 to 1997
Following the completion of infrastructure projects, the savings-investment gap turned positive in 1988 (Refer to figure 1). The gap started to increase, as the investment rate declined while the saving rate continued to climb...
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The gap started to increase, as the investment rate declined while the saving rate continued to climb. In terms of composition, the growing current account surpluses from 1988-97 comprises of public sector surpluses, especially from the late 1980s to the mid-1990s. In comparison, the private sector continued to register a net deficit position for most years until 1997 due to increase in outward direct investment by Singapore-based companies...
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