Review 7: Singapore's Authoritarian Capitalism Asian Values, Free Market Illusions and Political Dependency, by Christopher Lingle (1996)
Reviewed by:
Roy E. Cordato,
Campbell University, April 3, 1996
"In terms of industrial policy and as a general suggestion, I recommend Chris Lingle's new book, ... I have always hailed Singapore as an outpost of capitalism based on these silly international studies and indexes of freedom. Never again! This insiders account is very Austrian and very shocking. The book is a case against the future of Singapore and the use of Singapore and Asian Values as a model of economic development. It also provides a good factual and theoretical explanation for the success and failures of industrial policy in the modern mercantilist regimes like Singapore and Japan."
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