Chapter

Singapore: Destination for Multinationals

Chia Siow Yue

in Regions, Globalization, and the Knowledge-Based Economy

Published in print March 2002 | ISBN: 9780199250011
Published online November 2003 | e-ISBN: 9780191596216 | DOI: http://dx.doi.org/10.1093/0199250014.003.0015
 Singapore: Destination for Multinationals

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Singapore has made the region and the world its economic hinterland and is a favoured destination for multinational corporations. This chapter addresses three main issues: Singapore as a manufacturing base and services hub; the role of foreign direct investment (FDI) and multinational corporations (MNCs [or multinational enterprises, MNEs]) in Singapore's economic development; and regionalization and the Indonesia–Malaysia–Singapore (IMS) growth triangle. It is concluded that the crucial feature in Singapore's success has been to plug into the global and regional economies to gain access to resources for consumption and production, and markets for its goods and services, and to secure the assistance of foreign MNCs.

Keywords: economic development; foreign direct investment; globalization; multinational corporations; regionalization; Singapore

Chapter.  7272 words. 

Subjects: International Economics

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