مجلة اقتصاد المال و الأعمال
Volume 9, Numéro 3, Pages 4-24
2025-09-30

The Role Of Free Trade Zones In Promoting Integration Into Global Value Chains: A Case Analysis Of Singapore Using A Musical Chairs Game



Authors : Yalouli Tarek . Bouguerra Mabrouk . Ouali Khawla . Safrudin Ramadhan .

Abstract

This study discusses the strategic function of free trade zones (FTZs) in the integration of national economies into global value chains, using the case of Singapore. Through a descriptive-analytical method and the musical chairs game model, it assesses both the participatory and competitive aspects of Singapore's FTZ policy, based on data from the Economic Development Board and International Monetary Fund. Additionally, the research discusses Singapore's integration into ASEAN networks and its positioning in the global economy. Findings recognize FTZs as closely linked to economic upgrading in pharmaceuticals, logistics, hi-tech manufacturing, and R&D. The paper presents FTZs as drivers of economic change and offers lessons for emerging economies pursuing global integration.

Keywords

Free Trade Zones ; Value Chains ; Musical Chairs

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