 SINGAPOREAN STATE CAPITALISM, AND SINGAPORE AIRLINESChapter 52 in Capitalism in the 21st Century:Why Global Capitalism Is Broken and How It Can Be Fixed, 2019, pp 238-242 from World Scientific Publishing Co. Pte. Ltd. Abstract: China is by no means the only successful developing country that combined a strong state and vibrant market forces to achieve rapid economic growth on a sustained basis. In fact, some might argue that the blueprint for China’s growth strategy was laid out by two other highly successful East Asian economies — South Korea and Singapore. Those two countries started industrializing much earlier than China and as a result, they are much richer than China. Singapore is one of the world’s richest countries although one may question the relevance of the Singaporean experience for China. After all, Singapore is a small city-state of 5 million people while China is a continental country of more than 1.3 billion people. Singapore would not even be one of the biggest, top-tier cities in China. South Korea, on the other hand, is a real country of 50 million, although its land area is relatively small, about the size of Iceland or Kentucky. Nevertheless, Chinese policymakers have looked at both countries as role models to follow and emulate… Keywords: Capitalism; Globalization; Inequality; Entrepreneur; Financial Industry; Government; Socialism; Market (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813274242_0052 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.