Building Human Capital : Lessons from Country Experiences – Singapore

Singapore has demonstrated that investing in human capital can have a high payoff and that nothing is impossible. Its example should inspire others to redouble their own efforts, not to replicate the model in its entirety necessarily but to take fu...

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Bibliographic Details
Main Author:	Yusuf, Shahid
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	HUMAN CAPITAL EDUCATION AND TRAINING EDUCATION SPENDING HEALTHCARE EDUCATION FINANCE EDUCATION REFORM
Online Access:	http://documents.worldbank.org/curated/en/960921595409441570/Building-Human-Capital-Lessons-from-Country-Experiences-Singapore http://hdl.handle.net/10986/34206

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recordtype	oai_dc
spelling	okr-10986-342062021-05-25T09:57:47Z Building Human Capital : Lessons from Country Experiences – Singapore Yusuf, Shahid HUMAN CAPITAL EDUCATION AND TRAINING EDUCATION SPENDING HEALTHCARE EDUCATION FINANCE EDUCATION REFORM Singapore has demonstrated that investing in human capital can have a high payoff and that nothing is impossible. Its example should inspire others to redouble their own efforts, not to replicate the model in its entirety necessarily but to take full advantage of the various lessons that can be learned from the arc of its successful development strategy. Many elements of the Singapore model are today considered conventional wisdom. While many developing countries have attempted to pursue similar strategies, few have fully succeeded in achieving similar results. This case study examines the policies, programs and processes Singapore has pursued from 1960 to the present to pull ahead of other economies. It identifies several factors that have undergirded Singapore’s successful implementation of education and health strategies. First, collecting and analyzing data to harness them for policymaking purposes. Second, able and incorruptible leaders who set high standards for themselves and others and have lived up to these standards. Third, Singapore created a meritocratic and largely non-politicized bureaucracy that could strategize, make far sighted policies, and implement them in a coordinated way. Coordinated implementation is key to delivering results. Fourth, national leadership-maintained harmony in a multi-ethnic society and proactively defused tensions. Fifth, Singapore attracted immigrants, both skilled and unskilled. Sixth, leadership mobilize domestic resources which played a critical role in financing infrastructure, housing, and other vital investments. Lastly, Singapore has never been comfortable to rest on its laurels and has always been open to ideas, eager to learn, ready to innovate, and leverage new technologies. 2020-07-27T14:39:59Z 2020-07-27T14:39:59Z 2020-07-21 Report http://documents.worldbank.org/curated/en/960921595409441570/Building-Human-Capital-Lessons-from-Country-Experiences-Singapore http://hdl.handle.net/10986/34206 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper East Asia and Pacific Singapore
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	HUMAN CAPITAL EDUCATION AND TRAINING EDUCATION SPENDING HEALTHCARE EDUCATION FINANCE EDUCATION REFORM
spellingShingle	HUMAN CAPITAL EDUCATION AND TRAINING EDUCATION SPENDING HEALTHCARE EDUCATION FINANCE EDUCATION REFORM Yusuf, Shahid Building Human Capital : Lessons from Country Experiences – Singapore
geographic_facet	East Asia and Pacific Singapore
description	Singapore has demonstrated that investing in human capital can have a high payoff and that nothing is impossible. Its example should inspire others to redouble their own efforts, not to replicate the model in its entirety necessarily but to take full advantage of the various lessons that can be learned from the arc of its successful development strategy. Many elements of the Singapore model are today considered conventional wisdom. While many developing countries have attempted to pursue similar strategies, few have fully succeeded in achieving similar results. This case study examines the policies, programs and processes Singapore has pursued from 1960 to the present to pull ahead of other economies. It identifies several factors that have undergirded Singapore’s successful implementation of education and health strategies. First, collecting and analyzing data to harness them for policymaking purposes. Second, able and incorruptible leaders who set high standards for themselves and others and have lived up to these standards. Third, Singapore created a meritocratic and largely non-politicized bureaucracy that could strategize, make far sighted policies, and implement them in a coordinated way. Coordinated implementation is key to delivering results. Fourth, national leadership-maintained harmony in a multi-ethnic society and proactively defused tensions. Fifth, Singapore attracted immigrants, both skilled and unskilled. Sixth, leadership mobilize domestic resources which played a critical role in financing infrastructure, housing, and other vital investments. Lastly, Singapore has never been comfortable to rest on its laurels and has always been open to ideas, eager to learn, ready to innovate, and leverage new technologies.
format	Report
author	Yusuf, Shahid
author_facet	Yusuf, Shahid
author_sort	Yusuf, Shahid
title	Building Human Capital : Lessons from Country Experiences – Singapore
title_short	Building Human Capital : Lessons from Country Experiences – Singapore
title_full	Building Human Capital : Lessons from Country Experiences – Singapore
title_fullStr	Building Human Capital : Lessons from Country Experiences – Singapore
title_full_unstemmed	Building Human Capital : Lessons from Country Experiences – Singapore
title_sort	building human capital : lessons from country experiences – singapore
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/960921595409441570/Building-Human-Capital-Lessons-from-Country-Experiences-Singapore http://hdl.handle.net/10986/34206
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Building Human Capital : Lessons from Country Experiences – Singapore

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