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State-Owned Enterprises in Singapore: Performance and Policy Recommendations

In: Reforming State-Owned Enterprises in Asia

Author

Listed:
  • Dawn Chow Yi Lin

    (Singapore University of Social Sciences)

  • Youngho Chang

    (Singapore University of Social Sciences)

Abstract

The Singapore economy is characterised by a strong interventionist government and planning. It showed ‘plan and market’ in a creative partnership in which government control, export-oriented manufacturing, government direction of the labor market, state-owned enterprises and government-forced saving co-exist and help the economy excel and prosper. A supply-side analysis showed that foreign talent through employment passes and work permits were an integral building block for the economic success and contributed 41% of GDP in the 1990s (Ministry of Trade and Industry 2001).

Suggested Citation

  • Dawn Chow Yi Lin & Youngho Chang, 2021. "State-Owned Enterprises in Singapore: Performance and Policy Recommendations," ADB Institute Series on Development Economics, in: Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Chul Ju Kim & Kunmin Kim (ed.), Reforming State-Owned Enterprises in Asia, chapter 0, pages 275-295, Springer.
    • Handle: RePEc:spr:adbchp:978-981-15-8574-6_14
    DOI: 10.1007/978-981-15-8574-6_14
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