Master's thesis of Business: Human capital accumulation: a comparative study of Singapore and Malaysia - 1975 to 2006
Many East Asian economies experienced rapid economic growth since the early 1960’s, with Singapore and Malaysia being two of the best performers. Various factors have contributed to this growth. They include export-orientated policies, capital investment, a market-friendly approach and an institutional regulatory framework that attracts foreign investors. Another factor is the role of human capital in the form of formal and informal education. Human capital has been researched at both the theoretical and empirical levels. This thesis explores the relationship between economic growth in Singapore and Malaysia, and human capital accumulation as measured by labour force educational attainment.
