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The Sustained Economic Development of Singapore

Grip Alkaff, Hannah LU (2022) EOSK12 20221
Department of Economic History
Abstract
Inward Foreign Direct Investments (FDI) is a factor of sustained economic development (UNCTAD, 2020). Developing nations have been eager to attract inward FDI in an attempt to stimulate their domestic economy. Since its independence in 1965, Singapore has transitioned from a developing country to one of the world’s strongest economies whilst consistently attracting inward FDI as an intrinsic part of its development strategy. This paper uses a qualitative approach of analytical narrative to analyze the Singapore experience in the context of absorptive capacity factors to answer the research question, “How has Singapore utilized inward Foreign Direct Investments as a tool to achieve sustained economic growth?” This paper finds that... (More)
Inward Foreign Direct Investments (FDI) is a factor of sustained economic development (UNCTAD, 2020). Developing nations have been eager to attract inward FDI in an attempt to stimulate their domestic economy. Since its independence in 1965, Singapore has transitioned from a developing country to one of the world’s strongest economies whilst consistently attracting inward FDI as an intrinsic part of its development strategy. This paper uses a qualitative approach of analytical narrative to analyze the Singapore experience in the context of absorptive capacity factors to answer the research question, “How has Singapore utilized inward Foreign Direct Investments as a tool to achieve sustained economic growth?” This paper finds that Singapore’s government policies were hyper-sensitive to building domestic social capabilities that were continuously updated and expanded to meet the needs and demands of foreign Multinational Corporations (MNCs). (Less)
Please use this url to cite or link to this publication:
author
Grip Alkaff, Hannah LU
supervisor
organization
course
EOSK12 20221
year
type
M2 - Bachelor Degree
subject
keywords
Foreign Direct Investment (FDI), Sustained Economic Development, Absorptive Capacity, Multinational Corporations (MNCs)
language
English
id
9101199
date added to LUP
2022-10-20 10:05:02
date last changed
2022-10-20 10:05:02
@misc{9101199,
  abstract     = {{Inward Foreign Direct Investments (FDI) is a factor of sustained economic development (UNCTAD, 2020). Developing nations have been eager to attract inward FDI in an attempt to stimulate their domestic economy. Since its independence in 1965, Singapore has transitioned from a developing country to one of the world’s strongest economies whilst consistently attracting inward FDI as an intrinsic part of its development strategy. This paper uses a qualitative approach of analytical narrative to analyze the Singapore experience in the context of absorptive capacity factors to answer the research question, “How has Singapore utilized inward Foreign Direct Investments as a tool to achieve sustained economic growth?” This paper finds that Singapore’s government policies were hyper-sensitive to building domestic social capabilities that were continuously updated and expanded to meet the needs and demands of foreign Multinational Corporations (MNCs).}},
  author       = {{Grip Alkaff, Hannah}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Sustained Economic Development of Singapore}},
  year         = {{2022}},
}