01727cas a2200241 a 4500 AALejournalIMF007595 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451974188 1018-5941 BD-DhAAL BD-DhAAL Chadha, Bankim. Wages, Profitability, and Growth in a Small Open Economy / Bankim Chadha. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (40 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines issues raised by the evolution of a rapidly growing small open economy-Singapore-from a labor-intensive, low-technology production base to a capital-intensive, high-technology, knowledge-and-skill-intensive emphasis as it approached the limits of its resource constraints in the labor market. In order to analyze the process of restructuring a model of endogenous growth for a small open economy that is driven by increases in labor productivity from learning and that allows for the dynamic acquisition of comparative advantage is developed. In this framework the effects of various policies and exogenous shocks on the direction and pace of restructuring are investigated. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/045 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/045/001.1990.issue-045-en.xml IMF e-Library