The document outlines Singapore's economic policies and transformation over several phases from a factor-driven economy to an innovation-driven economy. Key policies included developing an export-driven economy through tax holidays and duty-free imports, addressing labor issues through attracting foreign investment and training workers, and establishing programs like the Common Provident Fund to boost development funding. The Economic Development Board helped devise and implement these policies to create a stable, business-friendly environment and knowledge-based economy.

1. ECONOMIC POLICIES