Embeddedness and Restructuring: Case Studies from Singapore

Free market ideology has continued its hegemonic reign notwithstanding considerable opposition. Under capitalism, the relationship between the political and economic realms is intricate. This inquiry on corporate restructuring in Singapore between the late 1990s and the early 2000s scrutinizes how a...

Full description

Saved in:
Bibliographic Details
Published in:Journal of contemporary Asia 2011-08, Vol.41 (3), p.393-410
Main Authors: Yun, Hing Ai, Jin, Lee Kiat
Format: Article
Language:English
Subjects:
Business Cycles
Capitalism
Collaboration
Consultants
embeddedness
Enterprises
free market
Free markets
Ideology
International business enterprises
Labor force
Labour relations
Market Economy
Market theory
Markets
MNCs
Multinational Corporations
Multinational enterprises
Organization theory
Political economy
restructuring
Singapore
State
State Role
Technology
Training
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Free market ideology has continued its hegemonic reign notwithstanding considerable opposition. Under capitalism, the relationship between the political and economic realms is intricate. This inquiry on corporate restructuring in Singapore between the late 1990s and the early 2000s scrutinizes how a dominant state collaborated with the multinational corporations to reconstitute their accumulation regimes to outlast the business cycles. Based on six cases, the findings underscore the critical role of the state on the subject of restructuring. The peculiar configuration of the relations between the state and labour in Singapore shaped how they negotiated the restructuring process with the companies. While those involved reckoned that training, research and technology were pivotal, the foregoing were not the panacea that optimistic consultants had made them out to be. The interactions among capital, labour and the state remained the underpinnings of solutions.
ISSN:0047-2336
1752-7554
DOI:10.1080/00472336.2011.582710