search query: @indexterm Financial centres / total: 120
reference: 69 / 120
| Author: | Caplan, B. |
| Title: | Taking its own medicine. |
| Journal: | Banker
1987 : SEP, VOL. 137:739, p. 81, 83-85 |
| Index terms: | BANKS SINGAPORE FINANCIAL CENTRES DEREGULATION |
| Language: | eng |
| Abstract: | Singapore was one of the fastest developing country of the world in the last decades. However, in the early eighties the government forced up wages to compel the multinationals to invest in higher value-added activities. However, Singapore simply outpriced itself. As recession in 1984-85 showed, wages should be frozen, and the economy should be freed from government interventions. These changes were supplemented by deep reforms in the banking system: growth areas were opened in unlisted securities markets, financial and futures markets, third- country trade and reinsurance. |
SCIMA