Singapore's economic development, 1961-1965

Research output: Contribution to journalArticle

Abstract

In 1961, Singapore launched her first Development Plan with the main purpose to bring rapid economic growth to the small island. Singapore also needed to generate a large scale economy to satisfy its own domestic needs as well as the needs of the global market. The merger with Persekutuan Tanah Melayu (PTM) or the Malayan Federation enabled her to gain access to plenty of natural resources available in Malaya and also guaranteed Singapore a reliable source of water needed for its industrial activities. The confrontation that had occurred between Indonesia and Malaysia, combined with internal political problems, fastened Singapore's wish to merge with the Malayan Federation. This study revealed that Singapore had always wanted a peaceful environment and quick conflict resolution in order to ensure the development and prosperity of the state. As a small state, Singapore had no choice but to be wise and careful in handling issues related to its sovereignty and in conducting relations with its neighbouring countries. In conclusion, Singapore has always worked hard to overcome any obstacle to its economic development and handle conflicts with its neighbouring countries with care to ensure its national interests and survival in the Southeast Asia region.

Original languageEnglish
Pages (from-to)285-304
Number of pages20
JournalPertanika Journal of Social Science and Humanities
Volume21
Issue number1
Publication statusPublished - Mar 2013

Fingerprint

Singapore
economics
neighboring countries
federation
small state
conflict resolution
merger
Economic development
Economic Development
prosperity
Southeast Asia
sovereignty
Indonesia
Malaysia
natural resources
economic growth
water
economy
market

Keywords

  • Economic growth
  • National development
  • Political competition and political recognition

ASJC Scopus subject areas

  • Arts and Humanities(all)
  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)
  • Social Sciences(all)

Cite this

Singapore's economic development, 1961-1965. / Abdan, S.; Hussin, Nordin; Omar, Rahilah.

In: Pertanika Journal of Social Science and Humanities, Vol. 21, No. 1, 03.2013, p. 285-304.

Research output: Contribution to journalArticle

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