Revisiting the Singaporean values to welfare as foundational ideas of Central Provident Fund development

Abstract

AbstractThis succinct review returns to the debate on political‐culture and Singaporean social policy nexus that has been abandoned since 2000. They put the spotlight on the social policy through the Confucian lens, examining to what extent Confucianism teaching was conditioned in formal welfare provisions. Yet, they are too focused on the common idea of Confucianism while overlooking the original idea of Singaporean value promoted by Lee Kuan Yew. Hence, this article raises the discussion of the links of Singaporean values and the Central Provident Found (CPF) which have barely been highlighted in the literature. Singaporean values are hybrid between Confucianism and Western values. This article argues that although the CPF has expanded in terms of features and benefits, it has not crossed the line that separates Singapore from Western models. Because of its Singaporean values, the country does not follow the typical European model, which is being adopted by other East Asian countries. This article concludes the CPF not only reflects its centrality to Singaporean values but also as a value stabilizer that has long history in contributing to Singaporean nation‐building.