The Political Economy of Developmental States in East Asia by Tian He

Author:Tian He
Language: eng
Format: epub
ISBN: 9783030593575
Publisher: Springer International Publishing

The Formulation of the State’s Economic Visions in Singapore

While in Taiwan and South Korea, the state’s economic vision was eventually eroded after democratic transition, the strengthened PAP regime maintained a good rate of economic performance. The formulation of the state’s growth-first economic visions can be divided into two periods: the period from the mid-1980s to the late 2000s, categorised by an immigration-growth driven model, and the period from 2010 onwards, categorised by a productivity-driven growth model. Both periods were shaped by the PAP ruling elites’ desire to ensure Singapore’s economic performance and growth prospects.

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