chapter  5
24 Pages

Labour Markets In Singapore: Flexibility In Adversity


Introduction When Singapore seceded from the Malaysian Federation in 1968, the former British colony – an island entrepôt covering just 682.7 square kilometres of land at the southern tip of the Malay Peninsula – had few assets other than its human resources, the resolve of its political leaders, and the advice of a former UN economist.1 Despite the paucity of its resources, Singapore has built a highly successful economy over the course of its short history.