Chapter

Disciplining globalization for local purposes? The peculiarity of contending Singaporean economic nationalisms

Alan Chong

in Globalization and Economic Nationalism in Asia

Published in print June 2012 | ISBN: 9780199646210
Published online September 2012 | e-ISBN: 9780191741630 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199646210.003.0008
Disciplining globalization for local purposes? The peculiarity of contending Singaporean economic nationalisms

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This chapter presents four stresses of globalization that Singapore faces and argues that official politics is attempting to only minimally command but always serve borderless capitalism in a joint mission with foreign investors to further prosperity of Singaporeans. These stresses are local frustrations over living space, the maladjustments of foreign workers in Singapore, the compulsion to host major economic conferences thinking that these are trouble-free forms of globalization, and the “revanchist economic nationalism” abroad that challenges Singapore’s sovereign wealth funds. The chapter surveys official Singaporean (People’s Action Party) economic thinking on hosting capitalist globalization, discusses how globalization has produced significant economic, social, and political challenges, and consequently emerging skepticism and thus economic nationalist views toward untrammeled globalization. The chapter nicely illustrates mercantilism with a globalist face.

Keywords: Singapore; People’s Action Party; sovereign funds; foreign workers; revanchist economic nationalism; living space

Chapter.  10684 words. 

Subjects: Business and Management

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