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Singapore: Social Investment, the State and Social Security

In: Social Security, the Economy and Development

Author

Listed:
  • James Lee
  • S. Vasoo

Abstract

Robert Wade’s (1990) study of South Korea, Taiwan and Japan in the late 1980s resulted in a better understanding of East Asian developmentalism as the ‘governed’ or ‘guided’ market and further invigorated the study of the ‘developmental state’ since Johnson’s (1982) formative study of economic development in Japan. Despite the fact that the diversity of the developmental experiences in East Asia defies easy generalization, one pivotal element is the centrality of the role of the state in fostering economic growth and development. Developmental theorists have pointed to two linked and yet quite independent issues: first, the capacity of government, or what Evans (2006) termed ‘bureaucratic capacity’ to respond to changing circumstances both within and outside the national economy; second, the degree to which institutional arrangements are capable of being fully integrated, or simply put, whether state institutions are capable of synergizing with social institutions in such a way as to foster growth.

Suggested Citation

  • James Lee & S. Vasoo, 2008. "Singapore: Social Investment, the State and Social Security," Palgrave Macmillan Books, in: James Midgley & Kwong-leung Tang (ed.), Social Security, the Economy and Development, chapter 10, pages 269-286, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-58219-4_11
    DOI: 10.1057/9780230582194_11
    as

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