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Information Technology, Productivity, and Economic GrowthInternational Evidence and Implications for Economic Development$
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Matti Pohjola

Print publication date: 2001

Print ISBN-13: 9780199243983

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199243983.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 30 November 2021

The Contribution of Information Technology to the Rapid Economic Growth of Singapore

The Contribution of Information Technology to the Rapid Economic Growth of Singapore

Chapter:
(p.221) 10 The Contribution of Information Technology to the Rapid Economic Growth of Singapore
Source:
Information Technology, Productivity, and Economic Growth
Author(s):

POH KAM WONG

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199243983.003.0010

Singapore has undergone a great deal of economic growth since it gained political independence in 1959, and this is made evident through their 8.4% per annum real GDP growth, and how the country's income level successfully went beyond the average level articulated by the OECD. With this growth, the country also improved and expanded their manufacturing endeavours, specifically those that involved the production of ICT goods. This chapter analyzes how the diffusion and adoption of ICT and the expansion in ICT production has brought about significant effects on Singapore's growing economy. This is done through clarifying the contribution of ICT in economic development, going over the trends in ICT production, and examining the contributions to productivity growth and GDP.

Keywords:   economic growth, Singapore, real GDP, income level, ICT production, productivity growth, ICT goods

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