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Article
Singapore's Venture into the Gulf: Undiscovered Treasure or Empty Pot?
Journal of Economics and Behavioural Studies
  • Caroline YEOH, Singapore Management University
  • Wilfred HOW, Singapore Management University
  • Joses WONG, Singapore Management University
Publication Type
Journal Article
Version
acceptedVersion
Publication Date
11-2011
Abstract

Singapore: a country synonymous with business efficiency, strict laws and a reputation that belies its miniscule size. Its state-enterprise network and attempts at grafting “Singapore-styled” investment enclaves onto foreign locales often receive attention from the international community. These state-engineered projects are premised on the exportability of Singapore’s state credibility, systemic and operational efficiencies as well as the technological competencies of Singapore companies, to locations where these attributes are less distinct. This paper, as part of our series on this topic, revisits the city-state’s determined efforts to encapsulate economic space for Singapore-based firms, enabling them to expand beyond the region. This paper however, focuses specifically on the gambits of Singapore’s government-linked companies (GLCs) in the Gulf region (GCC countries). Our research shows with purely commercial purposes as the priority, political objectives (and the attendant advantages and complications) tend to take a back seat; that, following from this, the ostensible strategic advantages present in Singapore-styled management and methodology remain uncertain; and that socio-political intricacies in new environments often stymie efforts to import competencies and business practices wholesale.

Keywords
  • Internationalization,
  • Singapore’s Government-Linked Companies,
  • GCC Countries
Identifier
10.22610/jebs.v3i5.285
Publisher
International Foundation for Research and Development (IFRD)
Copyright Owner and License
Authors
Creative Commons License
Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International
Additional URL
https://doi.org/10.22610/jebs.v3i5.285
Citation Information
Caroline YEOH, Wilfred HOW and Joses WONG. "Singapore's Venture into the Gulf: Undiscovered Treasure or Empty Pot?" Journal of Economics and Behavioural Studies Vol. 3 Iss. 5 (2011) p. 317 - 325 ISSN: 2220-6140
Available at: http://works.bepress.com/caroline_yeoh/81/