Economic Cooperation between Singapore and India
An Alliance in the Making?
Asian interregional economic cooperation has assumed greater prominence with the rise of Asia’s two giant economies of China and India. The economic liberalization of China’s economy in 1979, followed by India in 1991, signalled the presence of business opportunities to foreign investors - including those from Asia. This book examines the growing economic relations between India and Singapore which has culminated in a Free Trade Agreement (FTA), the Comprehensive Economic Cooperation Agreement (CECA), signed by both economies in June 2005.
Using the information technology sector as the main case study of the ‘alliance’ between Singapore and India, the book examines the challenges that both have overcome to expand their bilateral trade. In the process, Singapore has become one of the top five foreign investors in India. The CECA is important as it is the first free trade agreement that Singapore signed with a developing country; and furthermore it provided a blueprint for India to conclude similar FTAs with other ASEAN members.
This book provides a competitive analysis for intra-regional foreign direct investment. Faizal Yahya demonstrates that the economic relationship between Singapore and India illuminates how both economies are attempting to meet future challenges. It will be of interest to scholars of international business studies, cross-cultural management, international trade, international relations, information management and South and Southeast Asian Studies.
Table of Contents
1. Singapore and Asian Giants 2. Developmental States and Big Business 3. Incorporating Economic Development 4. Business Challenges 5. Singapore and Software Clusters In Indian Cities 6. High Technology / Information Technology Parks 7. Telecommunications 8. Construction and Real Estate 9. Ports Development and Logistics Services 10. Civil Aviation and Airports 11. Conclusion – CECA and Singapore Projects. Bibliography
Faizal Yahya is Assistant Professor in the South Asian Studies Programme at the National University of Singapore.
"Straddling many disciplines, Dr Faizal's book has wide relevance. Being policy Orientated, it would be useful for policymakers in Singapore, India and other parts of Asia. Research institutions, non-governmental organisations and businessmen would also find it useful." - Predeep K Menon, Executive director & CEO Singapore Indian Chamber of Commerce and Industry
"This is an innovative book which enables us to see more clearly how Singapore is extending its economic reach into India by investing in India’s infrastructure... The extensive data presented in this study makes this work a contribution of substantial importance to students of international political economy, South and East Asian studies." - Ajaya Kumar Das, S. Rajaratnam School of International Studies, Singapore; Contemporary South Asia, Vol. 19, No. 2, June 2011