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The Prevalence of Finance

In: 3-in-1: Governing a Global Financial Centre

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  • J. J. Woo

Abstract

As economies become increasingly globalised, interdependent, and integrated with each other, there has emerged a need for cross-border payments systems as well as other forms of financial services such as shipping insurance or maritime finance that could support regional and global trade in goods and services. This prompted the emergence of banks, insurers, and other financial institutions in many major port cities to satisfy the demand for financial services and insurance among shippers and other shipping logistics providers…

Suggested Citation

  • J. J. Woo, 2017. "The Prevalence of Finance," World Scientific Book Chapters, in: 3-in-1: Governing a Global Financial Centre, chapter 3, pages 34-55, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813221178_0003
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    More about this item

    Keywords

    Political Economy; Financial Centres; Singapore;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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