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The Role of Politics

In: Singapore as an International Financial Centre

Author

Listed:
  • J. J. Woo

    (Nanyang Technological University)

Abstract

Given its location within a global city, the economic and financial development of an IFC is inevitably enmeshed within the socio-political fabric of the city. Despite the prevalence of political factors in shaping and influencing economic and financial policies, this political aspect of finance remains relatively underexplored by existing IFC studies. This chapter seeks to provide a deeper understanding of the political forces and mechanisms which have contributed to Singapore’s success as an IFC. It argues specifically that through its various consultative mechanisms, financial policies in Singapore are typically ‘co-created’ by the MAS and its industry counterparts.

Suggested Citation

  • J. J. Woo, 2016. "The Role of Politics," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Singapore as an International Financial Centre, chapter 0, pages 75-92, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-56911-0_6
    DOI: 10.1057/978-1-137-56911-0_6
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