Singapore has been touted as a success story in development literature. Various theories have been offered to explain how and why the city-state has succeeded, but none of them have received unanimous approval. This report will look at one of the key elements of the Singapore experience: that of a public-business sector alliance and its wider impact on decision-making and policy implementation within the city-state. It begins with a quick review of Singapore's development over the last forty years and then looks at some of the key qfirst principlesq that animate this success. In particular, it focuses on some of the major agencies responsible for charting Singapore's development trajectory and the role that the business sector has played, and continues to play, in the evolution of strategies for growth.The EDB scholarships are funded largely by multinationals which have benefited from investing in Singapore. ... Almost all EDB officers spend a stint in the overseas offices where they learn to market Singapore and begin to understand the intricacies of the intemational business ... The success of such a culture can be seen in Table 2, which shows the FDI stock in Singapore over the last several years.
|Title||:||The Singapore Success Story|
|Author||:||Sree Kumar, Sharon Siddique|
|Publisher||:||United Nations Publications - 2010-06-01|