By David Romer
Designed for graduate classes in macroeconomics, this crucial new textual content by means of a exotic economist is the most recent addition to McGraw-Hill's complicated sequence in Economics. The textual content is an creation to the examine of macroeconomics at a complicated point. inside each one half, the foremost concerns and competing theories are mentioned. The presentation of theories is supplemented with examples of correct empirical paintings as a fashion of illustrating how macroeconomics theories should be utilized or verified. each one bankruptcy concludes with an intensive set of difficulties.
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Extra resources for Advanced Macroeconomics
According to government statistics, wages have been increasing faster than labour productivity since the late 1980s. It appears that the market has to be allowed a free play. One has to be mindful however of the one-time drop in wages of almost 10% in 1986, following a year of recession. Today, many businesses have to tolerate unfilled positions. VIII. Role of Local Enterprises The industrialisation movement of Singapore has largely ignored the local enterprises, which are mostly small and medium enterprises.
Promote Service Industries While the government wants to maintain the importance of manufacturing in the economy, there are also plans to develop high value-added service activities. Many such activities are also being targeted and promoted by the government. The Economic Development Board, traditionally responsible for attracting multinational manufacturing companies, is now also working to attract multinational service companies. Services such as banking, venture capital, insurance, broadcasting, media, tourism, entertainment, and education are being actively promoted.
The consequence is that many officials in the civil service are also science and engineering graduates. J. F. Y. Hwang, Chairman 1982-1985 Biology degree from Cambridge, UK. Joined EDB in 1964, left for private business in 1965, rejoined in 1966. Singapore ambassador to EEC in 1978, a scholarly civil servant Philip Yeo, Chairman 1986- present Born in Singapore, obtained scholarship to University of Toronto for an applied science degree (1970), obtained master's in systems engineering from National University of Singapore (1974), MBA from Harvard (1976).