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Analysis of the Conditions for Policy Transfer of the Singapore Port Development Model: Focusing on the Institutional Structures of Busan Port Authority and Port of Singapore Authority

Kim Juhwi 1 LEE Syung Uk 2

1국토연구원
2안양대학교

Accredited

ABSTRACT

This study analyses the key conditions required to transfer Singapore's port development policies to Busan by comparing the institutional structures of Busan Port Authority (BPA) and PSA International across three dimensions: Governance, Finance and Investment, and Land Control. Drawing on policy transfer theory from Dolowitz and Marsh (1996; 2000), Stone (2001; 2011), and Evans and Davies (2002), the study diagnoses the institutional incompatibilities and limitations that constrain the prospect of the policy transfer. BPA operates under overlapping regulatory frameworks that limit its decision-making efficiency, revenue diversification, and land control. In contrast, PSA functions under its unique state capitalist model underpinned by state-owned land supply and consolidated operational authority. These structural divergences explain why Busan's references to Singapore's port strategy have largely remained at the level of soft transfer — benchmarking policy outcomes while overlooking the institutional conditions that actually enabled them. The study argues that legal and financial institutional reform of BPA must precede any substantive policy transfer.

Citation status

* References for papers published after 2024 are currently being built.