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Making Sure the Centre Holds

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

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  • J. J. Woo

Abstract

The past two chapters have discussed the two processes of globalisation and financialisation, and how these two processes have driven Singapore’s development as a global financial centre. However, these two processes do not, on their own, sufficiently explain why or how it is that financial institutions and activities have come to converge upon the 719.1 square kilometres of landmass that is Singapore, and chosen to remain there. In fact, globalisation and financialisation would paradoxically predict the opposite — the spatial diffusion, rather than centralisation, of economic and financial activities over space…

Suggested Citation

  • J. J. Woo, 2017. "Making Sure the Centre Holds," World Scientific Book Chapters, in: 3-in-1: Governing a Global Financial Centre, chapter 4, pages 56-76, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813221178_0004
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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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