Hybrid governance and extraterritoriality

Understanding Singapore's state capitalism in the context of oil global production networks

Bibliographic Data

ID4139844
AuthorsNeil Mcgregor (0000-0001-8961-0953, NAIHE (Singapore), University of Newcastle Australia, corresponding author), Neil M Coe (0000-0001-7720-5061, Department of Geography and GPN@NUS Centre, National University of Singapore)
Year2023
Volume55
Issue3
Pages716-741
Publication date2023-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEnvironment and Planning A Economy and Space (JOURNAL)
Journal identifiersISSN: 0308-518X • E-ISSN: 1472-3409
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0308518x211048197
OpenAlexW3206540826
LanguageEN
Citations received19
References cited90

This paper explores the intersections and overlaps between state capitalism and global production networks. A key feature of the so-called new state capitalism is the combination of state ownership and corporatisation, which creates a system that can be characterised as a hybrid of public-private governance in both corporate and network terms. Moreover, the internationalisation of state hybrids adds an extraterritorial dimension to the state, which can influence the configuration and governance of global production networks. This paper develops a conceptual framework (H-E-N) that foregrounds the relationships between hybrid governance (H), extraterritoriality (E) and global production network configurations (N), thereby promoting an integrated analysis of the implications of the new state capitalism for global production networks. This framework is mobilised to explain how state capitalism in Singapore has influenced the development of the city-state's position in upstream, midstream and downstream oil global production networks over the 1959-2019 period. The study demonstrates that hybrid governance, as part of a wider strategy of state capitalism, has been critical in the development of Singapore's position in oil global production networks. The hybrid nature of the institutional forms associated with state ownership - for instance state-owned enterprises and sovereign wealth funds - goes beyond market facilitation to encompass active state participation in markets. Hybrid governance not only allows the state to influence domestic outcomes but - through the extraterritorial strategies of hybrid entities - can also influence global production network configurations beyond its borders

Business · Capitalism · Corporate governance · Economic system · Economics · Emerging markets · Global governance · Market economy · Political science · Politics · State capitalism · State ownership · Law · Mining and Resource Management · Natural Resources and Economic Development · State Capitalism and Financial Governance · Finance

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