FINANCIALISATION OF EVERYDAY LIFE IN SINGAPORE: THE EMERGENCE OF INVESTORS?
TAN JIA HUI
TAN JIA HUI
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Abstract
This thesis seeks to explore why despite Singapore's state-led efforts
towards neoliberalism and financialisation since the 1980s, its successful impact in
creating a nation of investors has been questionable. Using interviews and
participant-observation at national financial literacy workshops, it will be illustrated
that the state's promotion of financialisation is not necessarily straightforward and
homogenous and that there are contestations in reproducing the neoliberalinvestor
subjectivity. In particular, prevailing cultural values of thrift, savings and
hard work, and historically contingent experiences constitute resistance to the full
transformation of saver to investor subjects in Singapore. The case of Singapore
highlights the importance of localised socio-political and cultural factors to the
seemingly homogenising global forces of financialisation.
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2016
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Thesis