The long-term economic growth of a nation derives from the growth in its labour force and the rate of improvement in labour productivity. Given the trend decline in growth of the labour force in Singapore, from an average of 4.7 % per annum in the 1970s to 3.1 % per annum in the 1980s and a...

Singapore's monetary policy is centred on the management of the Singapore dollar exchange rate against a trade-weighted basket of currencies of its major trading partners. The Monetary Authority of Singapore (MAS) manages the Singapore dollar exchange rate within an undisclosed band by...