Summary of Singapore

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Singapore summary

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  • Analytical
  • Scientific
  • Overview


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.

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


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...

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