Singapore: Economic growth and the banking sector
- Authors: Lyanka O.N.1, Shkvarya L.V.1
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Affiliations:
- Peoples’ Friendship University of Russia (RUDN University)
- Issue: Vol 8, No 1 (2021)
- Section: Articles
- URL: https://journals.rudn.ru/in-econ/article/view/49023
- ID: 49023
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Abstract
The article analyzes the economic growth of Singapore in the context of the development of the banking system. The article shows that Singapore is one of the fastest growing countries in Asia. The main share of Singapore's GDP is produced in the service sector, and the country has actually become a major financial center in Southeast Asia and one of the leading financial centers in the world. The authors conclude that the success of the country's financial sector is determined both by the overall economic growth, as well as by the economic reforms and banking legislation carried out in this segment.
About the authors
Olesya Nikolaevna Lyanka
Peoples’ Friendship University of Russia (RUDN University)
Author for correspondence.
Email: 1032193514@rudn.ru
Student of the Faculty of Humanities and Social Sciences
117198, Moscow, Miklukho-Maklaya str., 6Lyudmila Vasilievna Shkvarya
Peoples’ Friendship University of Russia (RUDN University)
Email: shkvarya-ldvs@rudn.ru
ORCID iD: 0000-0001-6653-939X
SPIN-code: 7953-0777
Doctor of Economics, Professor, Department of Political Economy, Faculty of Economics
117198, Moscow, Miklukho-Maklaya str., 6References
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