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A Study of Singapore as a Developmental State

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Chinese Global Production Networks in ASEAN

Part of the book series: Understanding China ((UNCHI))

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.

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Author information

Authors and Affiliations

  1. University of Huddersfield, Huddersfield, UK

    Kalim Siddiqui

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  1. Kalim Siddiqui
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Correspondence to Kalim Siddiqui .

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Editors and Affiliations

  1. International Business and Economics, Business School, University of Greenwich, London, United Kingdom

    Young-Chan Kim

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Siddiqui, K. (2016). A Study of Singapore as a Developmental State. In: Kim, YC. (eds) Chinese Global Production Networks in ASEAN. Understanding China. Springer, Cham. https://doi.org/10.1007/978-3-319-24232-3_9

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