2007
DOI: 10.1111/j.1944-8287.2007.tb00379.x
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Gaining from Globalization? State Extraterritoriality and Domestic Economic Impacts—The Case of Singapore

Abstract: States have authored elements of globalization—deploying strategies to exert themselves extraterritorially. Such extraterritorial dimensions of state strategy are intimately connected to economic interests—although the economic interests in question and the geographic manifestations of extraterritoriality have varied historically for individual nation‐states and continue to vary among different nation‐states. This article examines one important example of this phenomenon. The rapid industrialization of Singapo… Show more

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Cited by 60 publications
(44 citation statements)
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“…The theoretical thrust of the classical IPE literature amounted to a claim of convergence that would narrow the space for institutional diversity. But the thrust of this literature was strongly negative: it viewed national institutions primarily in their role of limiting and constraining the expansion of financial markets and paid much less attention to the ways in which they actively participated in the production of particular kinds of extraterritorial financial dynamics (Phelps 2007). In this sense, despite its important corrections to neoliberal narratives, IPE also served to consolidate one of the key claims of neoliberal theory, that is, the strength of markets and capitalist relations vis-à-vis political institutions.…”
Section: Conceptualizing Geographies Of Financializationmentioning
confidence: 99%
“…The theoretical thrust of the classical IPE literature amounted to a claim of convergence that would narrow the space for institutional diversity. But the thrust of this literature was strongly negative: it viewed national institutions primarily in their role of limiting and constraining the expansion of financial markets and paid much less attention to the ways in which they actively participated in the production of particular kinds of extraterritorial financial dynamics (Phelps 2007). In this sense, despite its important corrections to neoliberal narratives, IPE also served to consolidate one of the key claims of neoliberal theory, that is, the strength of markets and capitalist relations vis-à-vis political institutions.…”
Section: Conceptualizing Geographies Of Financializationmentioning
confidence: 99%
“…w t a . o r g state) Singapore (Phelps, 2004b;2007). Malaysian governments and their political rhetoric have appealed to overseas-to the West but also to other East Asian nations-in regard of national economic planning and science and technology policy.…”
Section: High-tech Space As Extraterritorial Strategy Of Developmentmentioning
confidence: 99%
“…State extraterritoriality is a useful concept for unraveling the seemingly paradoxical complicity of states in the diminution of their decision‐making powers as new nonstate “sites of rulemaking” emerge to govern transnational economic interaction (Phelps 2007, 371). Such new sites of authority include the knowledge networks that support capital markets by benchmarking the economic performance of firms and polities, as well as international institutions, such as the World Bank, the International Monetary Fund, and the World Trade Organization, that support the global diffusion of “best practices” in economic policymaking.…”
Section: State Extraterritoriality Assemblage Theory and Global Govmentioning
confidence: 99%
“…Rejecting this analytically debilitating local/global binarism (cf. Gibson‐Graham 2002), the concept of extraterritoriality draws attention to how states produce transnational organization as part of strategies for accumulating capital (Phelps 2007).…”
Section: State Extraterritoriality Assemblage Theory and Global Govmentioning
confidence: 99%