Site:
Economic Development Board - Singapore
250 North Bridge Rd., #24-00 Raffles City Tower, Singapore 179101
Participants:
Koh Yong Boon, Senior Officer
Yun Kok Siong, Senior Officer

Mission and Strategy

Key Elements of Presentation

EDB set up a variety of government organizations to insure that the Economic Growth Process achieved a minimum GDP of 8% per annum with an inflation rate less than 4%. Infrastructure agencies that were spun off from EDB include:

Key Elements of Tour

Current EDB initiatives include:

Key Results

Conclusions

EDB has set up specific funds for various initiatives. However with Singapore's yearly budget surplus of $10 billion, budgets are not an issue. Basically, EDB targets high-value-added markets that will provide long-term economic benefit. The EDB has been very successful since the mid-1980s in transforming the economy from a labor-based economy into a capital-based economy.


Published: May 1997; WTEC Hyper-Librarian