Singapore Inc. goes shopping abroad: profits and pitfalls (original) (raw)

This paper investigates the international expansion of Singaporean government-linked companies (GLCs) and their implications on the global investment landscape, particularly focusing on the experiences of these firms in Southeast Asia. It highlights the critical role of GLCs in Singapore's economy, their motives for outward foreign direct investment (OFDI), and the challenges they face in international markets, exemplified by the Controversial acquisition of Shin Corp in Thailand. Ultimately, it aims to draw insights on the potential advantages and drawbacks of Singapore Inc.'s internationalization strategy.