Breakfast Dialogue with Professor Linda Lim on “States, Markets, Technology And Post-Industrial Capitalism"


Since the 2008 global financial crisis and the 2016 Brexit and Trump votes, the continued viability of the extant model of shareholder capitalism in advanced post-industrial societies has come into question. The “neoliberal” world order driven by private capital and market forces is accused of causing financial crises, inequality, and slow growth in GDP, productivity and wages, contributing to populist electoral backlashes and a retreat from globalization.

Accelerated technological advances disrupting many industries has led to concerns that the increasing monopolization of business hurts entrepreneurship and innovation, with a “winner-takes-all” capitalism enriching capital-owners and educated elites while ordinary workers lose from automation and artificial intelligence in an impending “world without work”. Competitive beggar-my-neighbor state industrial policies and global threats to cybersecurity and intellectual property protection, add to these fears.

What do these trends imply for Singapore’s economy and Singapore-based businesses? Do they portend an end to incentives-based policies of attracting multinationals? A reorientation from the public sector and GLCs to domestic private enterprise as the driver of growth and employment creation? A shift in state activism from industrial to social policy? A restructuring of education, housing and labor systems? What can we learn from the experiences of other developed and demographically ageing countries? What should we watch out for as capitalist business models and the capitalist system itself change? And how should we deal with the inevitable social consequences?


Professor Linda LIM is Professor Emerita of Corporate Strategy and International Business at the Stephen M. Ross School of Business at the University of Michigan, where she spent over three decades teaching MBAs about The World Economy and Business in Asia, and currently directs and teaches executive education programs for Chinese companies venturing abroad. She holds degrees in economics from the universities of Cambridge (BA), Yale (MA) and Michigan (PhD), and her four decades of studying Singapore’s economy include the books Singapore’s Economic Development: Retrospection and Reflections (edited, 2016) and Business, Government and Labor in the Economic Development of Singapore and Southeast Asia (2018), from Singapore’s World Scientific Publishing.

Professor Lim has consulted for international development organizations and global companies, and spent sixteen years sequentially as an independent director of two U.S. public companies in tech manufacturing with operations in China and Singapore, one of which was acquired by a Chinese listed company in 2016. A frequent commentator in the U.S. and international business media on trade and investment issues, she will share personal insights from her vantage point as a Singaporean scholar of Asian economies and business at a leading U.S. business school, and educator of future leaders (from many countries) of global post-industrial capitalism.


By Invitation only.


If you have any enquiries, please contact Ms Jasline Ng at 6516-8382 or via email:  

Monday, 02 April 2018
8.00 am to 10.00 am