Singapore's Regionalization Blueprint: A Case of Strategic Management, State Enterprise Network and Selective Intervention

Yeoh, Caroline; Koh, Chee Sin; Cai, Charmaine Jialing

doi:10.1300/j130v09n04_03

Cited by 15 publications

(5 citation statements)

References 21 publications

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“…During the land acquisition process of the BBIR project in Indonesia, the corruption among Indonesian authorities caused inadequate compensation of the acquired land to the host villagers, which subsequently resulted in the demonstrations and riots (Bunnell et al, 2006). In addition, Singapore-Vietnam and Singapore-India JVs were also plagued with losses incurred by corruption problems (Ling and Hoang, 2009;Yeoh et al, 2005).…”

Section: Rc Values and Ranks Of Country-level Risksmentioning

confidence: 99%

International construction joint ventures between Singapore and developing countries

Hwang

Zhao

Chin

2017

ECAM

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Purpose The purposes of this paper is twofold: first, to assess the risks associated with the international construction joint ventures (ICJVs) between Singapore and developing countries and second, to investigate the risk allocation preferences in these ICJVs. Design/methodology/approach A questionnaire survey was conducted and responses were received from 38 firms that had participated in ICJVs with developing countries. A risk criticality (RC) index was adopted to evaluate the criticality of each risk. Findings The survey results reported “political instability” as the most critical risk and market-level risks were less critical than country and project-level risks. Additionally, the results showed agreement on the risk ranking between building and infrastructure ICJVs, despite significant differences in the criticalities of five risks. Furthermore, five risks were preferably allocated to host and foreign partners, respectively, while 13 risks could be shared among partners. Research limitations/implications First, due to the sample size, one should be cautious when interpreting and generalizing the results. Second, the RC index proposed in this study was subjective as it was influenced by the individual experience and risk attitude of the respondents. Also, the RC values were calculated without considering the weights of the respondents. Lastly, the questionnaire survey, which has been widely used in identifying risk allocation preferences, may not identify the insights of practitioners into the risk allocation practices. Practical implications This study provides a clear understanding of the risks associated with forming ICJVs with developing countries and the preferred risk allocation. Although, this study is focused on the risks faced by the Singapore-developing country ICJVs, the identification of the potential risks allows companies from other countries to customize their risk profile and assess the risks before they form ICJVs with developing countries. Originality/value As few studies have explored the risk allocation preferences in ICJVs, this study expands the literature and provides practitioners with important information for preparing joint venture contracts or agreements. Thus, this study can contribute to the literature relating to ICJVs.

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Section: Rc Values and Ranks Of Country-level Risksmentioning

confidence: 99%

International construction joint ventures between Singapore and developing countries

Hwang

Zhao

Chin

2017

ECAM

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“…Research carried out during the early period of the Growth Triangle confirmed these processes as well as SIJORI as: (1) a regionalised integrated manufacturing complex; (2) an industry and corporate construct based on the complementarity of production factors located in close proximity; (3) a strategic construct from Singapore's perspective that allowed the retention of industries and firms in the region while ‘moving up’ the value chain; (4) increased production linkages as well as a core/non‐core division of labour linking the three territories, and (5) a space where non‐core parts have assumed a subordinate position (Grundy‐Warr et al ; How and Yeoh ; Lee ; Pereira ; Smith ; Sparke et al ; Toh and Low ; Yeoh and Wong ; Yeoh et al , , , ).…”

Section: The Eande Industry In Southeast Asia and The Emergence Of Sijorimentioning

confidence: 87%

Industry dynamics in Growth Triangles: the E&E industry in SIJORI 25 years on

Hutchinson

Grunsven

2018

Asian-Pac Economic Lit

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Launched in 1989 and encompassing Singapore, the Malaysian state of Johor, and Batam Island in Indonesia, the SIJORI Growth Triangle sought to market these territories as a ‘single investment destination’ offering differing factor endowments in close proximity. Singapore was the ‘core’ of the region; Johor and Batam occupied the land, labour, and resource‐intensive ‘non‐core’ spaces. During the 1990s, investment flows into the three territories, particularly in the electrical and electronics (E&E) industry, mirrored this division of labour. Through scrutinising trends in E&E firm entries, nationality, and industry branch in Singapore, Johor, and Batam for the 1993–2012/14 period, this article sheds light on the recent evolution of the E&E sector in the Growth Triangle. We document an increasing disconnect between the three nodes that has substantially reduced SIJORI's significance as an integrated industrial cross‐border region.

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“…From the rich literature exploring Singapore's extraterritorial industrial park investments in Indonesia, Vietnam and India (Phelps 2007;Yeoh et al 2002), it seems that these earlier partnerships were mainly concerned with FDI attraction and revenue generation, with little significance attached to 'soft' policy transfer. The policy receiving countries therefore might learn some 'hard' practices of project management and real estate development, but they were far from grasping the essence of the 'Singapore Model'.…”

Section: Singapore Extraterritorial Investments and Research Methodsmentioning

confidence: 99%

Parallelism and evolution in transnational policy transfer networks: the case of Sino-Singapore Suzhou Industrial Park (SIP)

Miao

2018

Regional Studies

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This paper examines the policy transfer process and outcomes outside the occidental context. It extends the voluntary transnational policy transfer framework with an evolutionary perspective and a scalar understanding of space and power at the subnational level. The Sino-Singapore Suzhou Industrial Park (SIP), a government-togovernment collaboration in promoting industrial development, was studied. It reveals that two parallel policy transfer networks were developed in the early days of SIP, which were embedded in different scales of governance and pursuing divergent targets. Their relationship affected the policy transfer outcomes for SIP, and reveals the important governance and temporal dimensions in transnational policy transfers.

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Singapore's Regionalization Blueprint: A Case of Strategic Management, State Enterprise Network and Selective Intervention

Abstract: Choice under certainty p.Basic probability background p.Probability measures and distributions p. Integration p.Notes on topological spaces p.Choice under uncertainty p.

Cited by 15 publications

References 21 publications

International construction joint ventures between Singapore and developing countries

International construction joint ventures between Singapore and developing countries

Industry dynamics in Growth Triangles: the E&E industry in SIJORI 25 years on

Parallelism and evolution in transnational policy transfer networks: the case of Sino-Singapore Suzhou Industrial Park (SIP)

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