As Singapore joins the league of developed nations, she faces challenges in her bid to preserve her status and integrity as a vibrant and competitive economy. These range from the impact of an ageing population to wage flexibility considerations to monetary and exchange rate management in an increasingly interdependent regional and international economic environment. Steps taken to alleviate our transportation dilemmas and the effects of the Goods and Services Tax are dealt with in detail. The book's coverage is broad-based with attention given to issues faced by all players involved in the formulation and implementation of economic policy.