Edited by Ramkishen S. Rajan, Lee Kuan Yew School of Public Policy, National University of Singapore

• Contents: Foreword by Tommy Koh Part I: General Introduction 1. Introduction and Overview Part II: Defining Globalization and Competitiveness 2. The New Global Economy: Opportunities and Challenges for Small and Open Economies 3. Assessing Industrial Competitiveness: How Does Singapore Fare? Part III: International Trade 4. Production Sharing and Singapore’s Global Competitiveness 5. Opportunities and Challenges in Singapore’s Services Trade Part IV: Role of Government 6. Sustaining the Competitiveness of Singapore Inc in the Knowledge-based Global Economy 7. Structural Challenges Facing the Singapore Economy 8. Fiscal Policy Challenges Facing a Mature Asian Economy: The Case of Singapore Part V: Entrepreneurship, Innovation and Productivity 9. Entrepreneurship, Innovation and Globalization: Does Singapore Need a New Policy Approach? 10. Technology Spillovers, Ownership Structures and Productivity Growth in Singapore Part VI: Exchange Rate Policies and Financial Market Considerations 11. Economic Competitiveness and the Equilibrium Real Exchange Rate: The Case of Singapore 12. Developing a Viable Corporate Bond Market: The Singapore Experience Index

'This volume is best seen as the latest in a series of soul-searching exercises in a country which, although remarkably successful in its economic achievements, is obsessed with its international competitiveness, almost as much as it is with its economic growth . . . Overall, it is a well-crafted and well-organized volume, nicely focused around the general theme of international competitiveness in an era of increased globalization . . . this book is an excellent update of the challenges facing this small but interesting country.'