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Singapore: Constraints and Coordination

  • Joel David MooreEmail author
Chapter
Part of the The Political Economy of East Asia book series (TPEEA)

Abstract

This chapter provides an overview to the emergence of Singapore’s capitalist institutions. The country faced high levels of systemic vulnerability since independence. It had no easily exploitable resources with which to keep inter-communal and labor tensions under control. Additionally, there was a real threat that regional powers would intervene if these tensions ever resulted in widespread civil strife. In order to afford both high military expenditures and the provision of side-payments sufficient to keep the population quiescent, the single veto player PAP government had to grow the economy. This required strict limits on particularism and policy volatility. The resulting broadly targeted, stable policy environment facilitated the development of coordinative corporate governance and inter-firm linkage institutions. Part III draws together the analyses and comparatively evaluates the findings.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Monash University MalaysiaBandar SunwayMalaysia

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