Singapore: Social Investment, the State and Social Security

James Lee and S. Vasoo

Chapter 10 in Social Security, the Economy and Development, 2008, pp 269-286 from Palgrave Macmillan

Abstract: Abstract Robert Wade’s (1990) study of South Korea, Taiwan and Japan in the late 1980s resulted in a better understanding of East Asian developmentalism as the ‘governed’ or ‘guided’ market and further invigorated the study of the ‘developmental state’ since Johnson’s (1982) formative study of economic development in Japan. Despite the fact that the diversity of the developmental experiences in East Asia defies easy generalization, one pivotal element is the centrality of the role of the state in fostering economic growth and development. Developmental theorists have pointed to two linked and yet quite independent issues: first, the capacity of government, or what Evans (2006) termed ‘bureaucratic capacity’ to respond to changing circumstances both within and outside the national economy; second, the degree to which institutional arrangements are capable of being fully integrated, or simply put, whether state institutions are capable of synergizing with social institutions in such a way as to foster growth.

Keywords: Social Security; Public Housing; Commercial Bank; Housing Development; Social Investment (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58219-4_11

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DOI: 10.1057/9780230582194_11

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