Singapore might not have survived the 1960s and prospered
thereafter had it not built its economy on the foundations of oil
refining, trading and support for oil and gas exploration and
production. Cheap oil, sound policies and strong government
combined to produce the Singapore economic miracle in its first 50
years of self-rule/independence. With the end of cheap oil, how
will Singapore fare and what is the relevance of its model of
development for other countries?
Singapore 's successful launch coincided with a golden period of
cheap energy, and a pro-globalization and free trade environment.
These three elements are now under threat from rising energy prices
and the global financial crisis which started in 2007 that will
leave a lasting impact on the world's political and economic
landscape.
If the Singapore model is reaching or has reached its peak, what
could take its place? This book poses questions for not just for
Singapore planners, but also for anyone interested in modern
economics and trade beyond the current era. The book also looks
into the numerous subsectors within Singapore 's broad energy
sector and examines the energy sector 's links with the other
pillars of its economy: trade, financial, offshore/marine
operations, manufacturing and transportation. It considers possible
threats and challenges: Singapore 's rising energy intensity, its
vulnerability to energy supply cut-offs, the likely impact of peak
oil, terrorism and environmental / climate issues. It also looks at
China 's growing investment and role in Singapore 's oil and gas
industry. The book is a must-read for an excellent insight into
Singapore 's energy economy, filled with data, information,
interviews and analyses previously not available to the public.
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