A study which challenges the dominant understanding of Singapore as a case where "correct" policies have made rapid industrialization possible and which raises questions about the possibility and appropriateness of its emulation.
"Singapore reaches an important milestone in its national development in 2015 when it celebrates its 50th year of independence. It has earned many accolades for the progress it has made in governance, the economy and societal development. However, with changing demographics, resource constraints and the emergence of regional competitors, Singapore's future is fraught with uncertainty. The book is a collection of papers presented at Singapore Perspectives 2015 by leading thought leaders and eminent speakers, reflecting on the critical decisions made in Singapore's past so as to envision strategic paths that the country should take in the future. The contributors include experts in their fields: Ambassador Bilahari Kausikan, Professor Evelyn Goh, Professor Tan Kong Yam, Professor Linda Lim, Professor Kishore Mahbubani, Tong Yee, Vikram Khanna and Associate Professor Eugene Tan. The inter-generational dialogue session with Deputy Prime Minister Teo Chee Hean and Minister in the Prime Minister's Office and Secretary-General of the National Trades Union Congress Chan Chun Sing carries the central theme of looking at the choices Singapore made in the past and the choices that have to be made moving forward. In line with reflecting on Singapore's past, the book will include a full report on a survey of 1,500 Singaporeans' perceptions of 50 historical events from independence to now."--
Business, Government and Labor in the Economic Development of Singapore and Southeast Asia analyzes the inter-linked and evolving roles of private sector business, government public policy, and labor markets in the economic development of Singapore and its Southeast Asian neighborhood. It does this through 16 essays written by Prof. Linda Y C Lim, an early and long-established scholar of these subjects, and published over a 35-year period. For Singapore, often considered the world's most successful economy, the essays highlight the determining role of government's industrial and social policy through to the present day, when the growth model of the past faces many external market and domestic resource constraints. In the rest of Southeast Asia, in contrast, the essays explore how private sector business, dominated by the locally-domiciled ethnic Chinese minority, thrived and drove economic growth in underdeveloped markets with imperfect institutions, and consider if and how this might change with China's increasing presence in the regional economy. A final set of essays analyzes the forces underlying women's employment, from labor-intensive Southeast Asian export factories in the 1980s to Singapore's foreign-labor-dependent economy and its current productivity challenges. Taken together, the essays show how government, business and labor interact in the process of economic development.