Case | HBS Case Collection | December 2013 (Revised April 2014)

Singapore's 'Mid-life Crisis'

by Richard H.K. Vietor and Hilary White

Abstract

Since its expulsion from Malaysia in 1965, Singapore had transformed itself from a third world island nation into a vibrant city-state with one of the highest levels of GDP per capita in the world. However, sluggish demand among Singapore's major trade partners began testing the nation's export-driven growth model. It was also becoming clear that the Singaporean government could no longer focus single-mindedly on economic growth. Was Singapore facing a mid-life crisis? If so, how could the government revive optimism in the nation's future?

Keywords: Singapore; savings; investment; productivity growth; productivity; trade; Asia; economic institutions; economic growth; economic development; economics; Research and Development; government and business; government policy; economic policy; country analysis; Investment and savings; institutions; Economic Growth; Macroeconomics; Development Economics; Investment; Asia; Singapore; Southeast Asia;

Citation:

Vietor, Richard H.K., and Hilary White. "Singapore's 'Mid-life Crisis'." Harvard Business School Case 714-039, December 2013. (Revised April 2014.)