Singapore Development Bank as a Tool for the Formation of a New Industrial Economy

 
PIIS013128120006097-7-1
DOI10.31857/S013128120006097-7
Publication type Article
Status Published
Authors
Affiliation: Lomonosov Moscow State University
Address: Russian Federation, Moscow
Journal nameProblemy Dalnego Vostoka
EditionIssue 4
Pages67-76
Abstract

The article discusses the role of the Singapore development Bank in the implementation of the economic strategy of the State at various stages of the formation of a new industrial economy. The history of the Bank, the main spheres of its credit-banking and investment activities, foreign aspects of financial operations are shown. Financial indicators and world ratings are presented. The role of the Bank in the development of industrial zones, national innovation system, stock market, the formation of international financial center of Singapore and acquisition by the country of the status of a new industrial economy is evaluated.

KeywordsSingapore, financial institutions of development, economic strategy, new industrial economy
Received23.09.2019
Publication date23.09.2019
Number of characters31580
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1. . Guo Chog Tong is the successor to the world-famous Singaporean politician Lee Kuan Yew (1924–2015), the second Prime Minister of Singapore (1990–2004), now the Senior Minister of the Government of Singapore, head of the Monetary Authority.

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9. . The World’s 100 Largest Banks. The list of the largest commercial banks in the world in terms of total assets is annually compiled and published by the international rating agency Standard & Poor's Financial Services LLC. (S&P).

10. . The assets in this market are state treasury bonds issued by the respective state financial institutions of the countries, as a rule, state treasuries or ministries of finance.

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12. . The World's Best Banks 2017. Global Finance names the winners of its 24th annual awards for the World’s Best Banks, by region and by country // Global Finance Magazine. May, 2017. The rating is based on a comparison of long-term credit ratings and total assets of the 500 largest banks in the world.

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15. . The GFCI rating is compiled by the British consulting company Z / Yen Group, which was established in 1994. In 2018, the company published the 24th edition of the rating. The company estimates financial centers by such indicators as the business environment, the level of development of the financial system, human capital, etc. In 2017, the rating included 96 countries, in 2018 - 100 countries. See: Global Financial Centers Index (GFCI 24). Yen Group Limited, London, September, 2018.

16. . This index characterizes the state of the investment climate and reflects the country's ability to compete with other states for its position in world commodity markets and in the capital market. The Global Competitiveness Index - 2018.

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