Please use this identifier to cite or link to this item: https://doi.org/10.1080/00472336.2011.582710
Title: Embeddedness and restructuring: Case studies from Singapore
Authors: Yun, H.A. 
Jin, L.K.
Keywords: capitalism
embeddedness
free market
MNCs
Multinational corporations
restructuring
Singapore
Issue Date: Aug-2011
Source: Yun, H.A., Jin, L.K. (2011-08). Embeddedness and restructuring: Case studies from Singapore. Journal of Contemporary Asia 41 (3) : 393-410. ScholarBank@NUS Repository. https://doi.org/10.1080/00472336.2011.582710
Abstract: 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, re-search 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. © 2011 Journal of Contemporary Asia.
Source Title: Journal of Contemporary Asia
URI: http://scholarbank.nus.edu.sg/handle/10635/52474
ISSN: 00472336
DOI: 10.1080/00472336.2011.582710
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