ABSTRACT
There are at least two distinctive features in Singapore’s industrialisation experience. The most important is the particular form of political leadership and its chosen ideology. Since independence, the People’s Action Party (PAP) leadership has developed an ideology of ‘survival’ which insisted upon the inseparability of economic and political survival and the subservience of all other considerations to these goals. This characteristic of government has led to a unique form of industrialisation strategy with a high degree of government intervention and a systematic integration of social and economic institutions. The other feature is the unusually high degree of reliance on inward investment from multinational corporations (MNCs).
