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Singapore

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Singapore

Striding Ahead and Feeling Secure at 50

EIU,

5 min read
5 take-aways
Audio & text

What's inside?

Singapore is a fit 50-year-old, but some wrinkles are starting to show.

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Editorial Rating

8

Qualities

  • Analytical
  • Scientific
  • Overview

Recommendation

Singapore has a well-deserved reputation as a squeaky-clean nation with business-friendly policies. But is trouble brewing in paradise? Not exactly, the Economist Intelligence Unit reports in this engaging overview, but the 50-year-old city-state has begun to show its age. Lagging productivity, a shrinking workforce and a politically awakening populace pose challenges, but Singapore remains an economic miracle in many ways. getAbstract recommends this concise report to executives and policy makers seeking insights into this model economy.

Summary

As Singapore celebrates 50 years of independence in 2015, it can claim a number of “phenomenal economic achievements.” Despite its tiny landmass, Singapore is a regional powerhouse in international trade, tourism and industry, and global investors consider it one of the most business-friendly jurisdictions in the world. In 2014, unemployment stood at a microscopic 2%. The ruling People’s Action Party (PAP) has presided over strong economic growth and a rising standard of living since 1965.

Yet Singapore’s civic tranquility has begun to splinter: Demonstrators rioted in 2013 over Prime Minister...

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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