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Regions, Globalization, and the Knowledge-Based Economy$
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John H. Dunning

Print publication date: 2002

Print ISBN-13: 9780199250011

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199250014.001.0001

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Singapore: Destination for Multinationals

Singapore: Destination for Multinationals

(p.364) 14 Singapore: Destination for Multinationals
Regions, Globalization, and the Knowledge-Based Economy

Chia Siow Yue

Oxford University Press

Singapore has made the region and the world its economic hinterland and is a favoured destination for multinational corporations. This chapter addresses three main issues: Singapore as a manufacturing base and services hub; the role of foreign direct investment (FDI) and multinational corporations (MNCs [or multinational enterprises, MNEs]) in Singapore's economic development; and regionalization and the Indonesia–Malaysia–Singapore (IMS) growth triangle. It is concluded that the crucial feature in Singapore's success has been to plug into the global and regional economies to gain access to resources for consumption and production, and markets for its goods and services, and to secure the assistance of foreign MNCs.

Keywords:   economic development, foreign direct investment, globalization, multinational corporations, regionalization, Singapore

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