Book Chapter
The Contribution of Information Technology to the Rapid Economic Growth of Singapore

Singapore has undergone a great deal of economic growth since it gained political independence in 1959, and this is made evident through their 8.4% per annum real GDP growth, and how the country's income level successfully went beyond the average level articulated by the OECD. With this growth, the country also improved and expanded their manufacturing endeavours, specifically those that involved the production of ICT goods. This chapter analyzes how the diffusion and adoption of ICT and the expansion in ICT production has brought about significant effects on Singapore's growing economy. This is done through clarifying the contribution of ICT in economic development, going over the trends in ICT production, and examining the contributions to productivity growth and GDP.