ABSTRACT

This article seeks to throw light on the institutional properties and policy processes, through which Singapore has been able to employ corporatist models of state intervention in collaboration with business and labor in formulating and implementing policies that cater to the creation of a competitive and successful market system across the various phases of the country's economic development. The focus on institutional properties in this entry is a deliberate attempt to shift the discourse on Singapore's economic success away from the emphasis on the key role of the political leadership. While, no doubt, political leadership has certainly been important, the configurations of institutions and policy processes have not been given as much attention as they deserve in explaining Singapore's economic success.