Singapore Inc. Goes Shopping Abroad
Profits and Pitfalls
Bibliographic Data
| ID | 10909119 |
|---|---|
| Authors | Andrea Goldstein (corresponding author), Pavida Pananond (0000-0002-3075-0481, Thammasat University) |
| Year | 2008 |
| Volume | 38 |
| Issue | 3 |
| Pages | 417-438 |
| Publication date | 2008-08-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Contemporary Asia (JOURNAL) |
| Journal identifiers | ISSN: 0047-2336 • E-ISSN: 1752-7554 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00472330802078493 |
| OpenAlex | W2162566524 |
| Language | EN |
| Citations received | 11 |
| References cited | 11 |
Efficient state-led, market-driven intervention has been the hallmark of Singapore's success story but the exportability of state credibility, systemic efficiencies and local advantages into alien contexts is a matter of academic and political controversy. This article scrutinises Singapore's experience with outward investment in order to objectively examine the role of Temasek and of the government-linked corporations (GLCs). It uses the case of Temasek's investment in Thailand to reflect upon the economic and political impacts of the GLCs' global quest. It shows that resistance to Singaporean acquisitions reflects a combination of factors, including a general turn towards "economic nationalism," attempts by other governments to replicate the city-state's state-led modernisation, and Temasek's and GLCs' underestimation of the risks that are germane to their international strategy
Credibility · Economic growth · Economics · Government (linguistics · Intervention (counseling · Investment (military · Modernization theory · Nationalism · Order (exchange · Political economy · Political science · Politics · State (computer science · Asian Industrial and Economic Development · Finance · Law · Socioeconomic Development in Asia · State Capitalism and Financial Governance
Symposium
Strategic coupling, path creation and diversification
Political Legitimacy in Singapore
A principal–agent analysis of China's sovereign wealth system
The stabilizing state
Varieties of hierarchical capitalism
From national development to economic diplomacy? Governing Singapore's sovereign wealth funds
Manicheism delirium
Medical tourism and the state in Malaysia and Singapore
After the Crisis
Globalizing Partially Privatized Firms in Singapore
| Citations per year | 0.65 |
|---|---|
| Citation span | 2009 - 2022 (14) |
| Highly cited | No |