Sunday, April 24, 2005

S'pore exports moving up quailty ladder: IMF Study

The International Monetary Fund (IMF) will publish an in-depth analysis on Singapore's export performance next week. It will examine the quality upgrading of Singapore's exports to the US, compared with nine other developed and developing economies, by tracking price differences of more than 10,000 exported products. Price differentials for the same product made in different countries will be used as a proxy measure for quality.

It has been reported that the IMF has found that Singapore has been nimble in climbing the quality ladder, and that the results are an "encouraging sign for Singapore's future growth prospects."

Isn't it wonderful that we are such an economic powerhouse? Go go Lee go go!

[Source: Anna Teo, Business Times weekend 24/04/2005, p2]