The Role of Competition in Singapore's Economic Growth and Public Policies

Singapore's economy is one of the most open and competitive in the world. This paper discusses how competition promotes economic growth, the complementarities between competition and other public policies, the limits of competition, and new considerations from the competition perspective in light of recent insights from behavioural economics, as well as from the growth of the sharing economy.

This paper is a research collaboration with Civil Service College. The authors are Ms Charmaine Tan and Mr Ng Ming Jie. Ms Charmaine Tan is a Researcher at the Social and Economics team, Institute of Governance and Policy, Civil Service College. Mr Ng Ming Jie is a Senior Assistant Director at the Policy and Markets Division, Competition Commission of Singapore.

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