Study on Singapore's Experience of Regional Economic Cooperation

• Main Authors: WONG, John, TAN, Kim Song, MU, Yang, TONG, Sarah, LIM, Tim Seng, LIM, Chee Kia
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Asian Studies; Growth and Development; Regional Economics
• Online Access: https://ink.library.smu.edu.sg/soe_research/1178; https://ink.library.smu.edu.sg/context/soe_research/article/2177/viewcontent/Singapore_s_Experience_in_Regional_Cooperation_Final_Report.pdf
• Institution: Singapore Management University

Singapore and Hong Kong share many similarities in their growth experiences and challenges. Both were traditionally entrepot economies and service hubs for their hinterlands – China for Hong Kong, and the Association of Southeast Asian Nations (ASEAN), in general but Malaysia and Indonesia in particular, in the case of Singapore. The two economies have gone through major structural changes over the years in response to changes in the global economy and in their relationships with their respective hinterlands. The changing relationships with their hinterlands play a crucial role in driving their external economic policies.