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Historical Development

In: Singapore as an International Financial Centre

Author

Listed:
  • J. J. Woo

    (Nanyang Technological University)

Abstract

Historical events and variables have shaped Singapore’s trajectory of economic and financial development, presenting the city-state with both opportunities and constraints that have in turn defined its growth and characteristics as an IFC. There is, therefore, a need to take a historically grounded approach to IFC analyses. This chapter discusses these historical variables, providing a comprehensive overview of Singapore’s historical development as an IFC, focusing in particular on the economic and socio-political factors that have emerged to impact this development, as well as the policy shifts and developments that have taken place. Key historical events are, therefore, discussed, along with their implications for Singapore’s subsequent financial developmental trajectory.

Suggested Citation

  • J. J. Woo, 2016. "Historical Development," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Singapore as an International Financial Centre, chapter 0, pages 25-41, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-56911-0_3
    DOI: 10.1057/978-1-137-56911-0_3
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