what decade did manufacturing start singapore
After all, over the past few decades, Singapore has achieved astonishing economic achievements. Singaporeâs annual GDP growth rate from the 1960s to the 1990s has averaged about 8%, more than double of the 3.3% average of the OECD growth rate and more than three times of the US growth rate [2 and 31].Currently, Singapore ranks as the top Asian country with the highest standard of living.n the same period, the manufacturing share of the GDP grew from about 10% in 1960 to about 15% in the late 1960s [28]. More importantly, the entry of foreign corporations into the island has enabled Singapore to adopt the technology brought in by the investors.