Senior Management

Government in Business

Questions around the role of the state in the economy are as old as the economics discipline itself. Standard economic theory prescribes that governments maintain an arms-length relationship with businesses. However, in most developing countries, financial markets are not sufficiently mature, private sector capacity is often weak, and the state may be the only actor that can mobilise resources for national development for the long haul. The experience of the East Asian Tiger economies in the second half of the 20th century, as well as China’s rapid development in the last thirty years, suggests that government activism and involvement are often prerequisites for successful development. If nothing else, they are catalytic in purpose.

But questions remain:

  • What form should government involvement take?
  • Should the government focus on being a regulator, purchaser, promoter, partner, or shareholder?
  • How should governments be involved without crowding out private sector initiatives?
  • Does a higher level of government involvement in business help or hinder a country’s development?
  • How can governments develop commercial capabilities without wasting precious resources or creating incentives for rent-seeking and corruption?
  • When should they exit?

The LKY School offers a five-day programme that takes a pragmatic approach to understanding the role of government in business. 

Lee Kuan Yew School of Public Policy National University of Singapore 469C Bukit Timah Road Singapore 259772

Mon 25 March 2019 to Fri 29 March 2019

9:00 AM - 5:00 PM

SGD6,248 + GST

Mon 25 February 2019

At the end of this five-day programme, participants can expect to:

  • Appreciate the various roles government plays in business and the contexts in which each of these roles are important;
  • Understand the considerations and constraints of government being in business, and identify clearly the arguments for entry or exit;
  • Develop practical, empirically-grounded insights into the risks and pitfalls of government in business; and
  • Analyse Singapore’s experience in managing government-business relations, and appreciate its strengths and limitations.

Taught by former senior practitioners of the Singapore government, the programme is structured around the four main roles of the government in business: regulating,influencing, stewarding, and promoting. Each of these will be examined through intensive discussions, and classroom sessions will be complemented by learning journeys to a variety of entities in Singapore that reflect the differing relationships between government and business. Participants will deepen their understanding of the complex relationship between government and business, especially in the context of emerging markets. The programme aims to help them reflect on the context of their own organisation and country.

  • Senior managers, policymakers and regulators in government, particularly those from the ministries of finance, infrastructure, the economy, and planning.
  • Senior managers and executives from sovereign wealth funds, state-owned enterprises, banks, and private investment entities.

Programme Fees:

S$6,248 + 7% GST

S$4,998.40 + 7% GST (for LKY School Degree Programme/ Executive Education Progamme Alumni)

For every 3 participants from the same organisation, the 4th participant attends for free

Fee is inclusive of lunch, refreshments and learning support materials


Executive Education Department
Lee Kuan Yew School of Public Policy
National University of Singapore
469C Bukit Timah Road, Singapore 259772

Tel: (65) 6516 8697 / 6601 5774
Fax: (65) 6872 9291