A Study of Singapore as a Developmental State

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Singapore has gone through a rapid transformation during the half a century, from an entrepot, predominant towards shipping transit in the mid-1960s, into an economy, which presently specialises in high-value manufacturing activities and financial services. This chapter aims to examine the issues of the developmental role of state and foreign companies and to analyse their role in achieving a rapid economic growth in the country. The study emphasises that historical, strategic and domestic factors are important determinants in Singapore’s struggle towards modernisation and steady economic growth. This research uses the secondary information methodology to examine policies and mechanism to understand Singapore’s government policies. The study finds that the favourable international environment, MNCs and the role of state, especially vision and commitment towards economic diversification, contributed to achieve rapid economic development.
Original languageEnglish
Title of host publicationChinese Global Production Networks in ASEAN
EditorsYoung-Chan Kim
Place of PublicationCham
PublisherSpringer International Publishing AG
Pages157-188
Number of pages32
Edition1
ISBN (Electronic)9783319242323
ISBN (Print)9783319242309
DOIs
Publication statusPublished - Jan 2016

Publication series

NameUnderstanding China
PublisherSpringer International Publishing
ISSN (Electronic)2196-3134

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  • Cite this

    Siddiqui, K. (2016). A Study of Singapore as a Developmental State. In Y-C. Kim (Ed.), Chinese Global Production Networks in ASEAN (1 ed., pp. 157-188). (Understanding China). Springer International Publishing AG. https://doi.org/10.1007/978-3-319-24232-3, https://doi.org/10.1007/978-3-319-24232-3_9